Skip to main content

South Koreans are Adopting Mobile Money Services

South Korea is already known for its leadership in landline broadband service adoption. Many of the nation's residents are also pioneers of mobile broadband service adoption.

Nearly half (47 percent) of South Koreans polled intend to purchase a smartphone within the next six months, according to the results of a consumer survey conducted this year by ABI Research.

South Koreans already own an average of 1.6 mobile devices each, and are among the world's most enthusiastic consumers of new mobile technologies, upgrading their devices frequently and utilizing many forward-looking applications.

"South Koreans are keen adopters of mobile money services," notes practice director Neil Strother at ABI.

They're using mobile devices to do banking (a very high 69 percent of respondents), and pay bills (40 percent).

Curiously, though, most South Koreans have little confidence in the security of their mobile phones: only 7 percent believed they were completely or very secure, while 59 percent rated security as low or nonexistent.

Either they rationally accept heightened risk as the price of engaging in activities they find useful, or, like many of us, would rather not think about it.

South Koreans respond well to mobile advertising. According to Strother, "Nearly 45 percenet of those polled reported having clicked on a mobile advertisement at least once; of those, 40 percent received a coupon as a result, and a significant 27 percent actually downloaded or purchased content as a result."

Popular posts from this blog

AI Agents Have Memory. Where is The Security?

Enterprise AI adoption keeps running into the same wall: the moment sensitive data, model weights, or agent memory leave a tightly controlled environment, security teams lose visibility into what happens to them while the workload is actually running. Confidential computing exists to close that gap, and new research from ABI Research shows the technology has matured enough, across CPUs, GPUs, containers, and now agentic AI, to become a foundational requirement for enterprises building sovereign AI infrastructure: computing environments they control end to end rather than simply rent. Protection is Moving From CPUs to GPUs ABI Research finds that CPU-based confidential computing is closest to mass-market adoption, the product of years spent hardening chip-level isolation for general workloads. GPU-based confidential computing is now generating the strongest momentum, and for good reason. It addresses one of the largest unresolved gaps in AI security: protecting data and models while inf...