Bain Capital Nears Deal for Majority Stake in Volkswagen Marine Engine Unit Everllence 
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan 
South Korea’s KOSPI Rebounds as Samsung and SK Hynix Lead Tech Stock Recovery 
Trump Orders DOJ Investigation Into Exxon, Chevron Over High Gas Prices 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
Pelosi Discloses Major Intel and Uber Call Option Purchases Worth Up to $6 Million 
SK Hynix Overtakes Samsung as South Korea’s Most Valuable Company 
How AI prompting turned writerly description into an everyday skill 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers 
Gold Falls Below $4,000 as Strong Dollar and Fed Rate Hike Expectations Weigh on Prices 
Qualcomm Nears $4 Billion Acquisition of AI Chip Startup Modular 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Trip.com Shares Tumble After Q1 Profit Drops and Weak Revenue Growth Outlook 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Alphabet Replaces Verizon in Dow Jones Industrial Average 
South Korea’s online payment service providers are setting up near-field communication (NFC) devices compatible with Apple Pay, which is expected to be introduced in the country later this month.
Less than 10 percent of the 2.9 million stores in South Korea that accept credit cards have an NFC device compatible with Apple Pay.
The South Korean payment industry closely monitors the speed of distributing payment devices with NFC functions as it determines Apple Pay’s success.
NHN KCP Co. recently posted “Apple Pay Accepted” on its website to illustrate that its kiosks are compatible with NFC payments.
It has since taken down the post to avoid confusion.
Samsung Electronics Co., which operates Samsung Pay, is emphasizing mobile driver’s license and student license features that are unavailable on Apple Pay.
In the US, Apple Pay already has a “tap-to-pay” system, which allows payments by tapping the buyer’s iPhone against the store owner’s iPhone, raising complaints that South Korea might be too late to respond to Apple Pay’s features.
