South Koreans and their Online Banking System on Windows Internet Explorer!

The South Koreans have practically built all of their web-based businesses on IE.  I know this for a fact because I used to intern at a South Korean company back in about ’99 when I was forced to learn Microsoft’s ASP, good thing I quit after couple days, what a useless pile of technology. (in comparison to PHP that is)

For one, the South Koreans do online-banking over their cellphones, smartphones, and the Windows computer.  The difference between the Koreans and Americans is that Korean online banking allows instant transfers.  Koreans use online banking to do most of their business while most U.S. businesses will still use checks and credit cards.  No credit needed, instant transfers from my bank to the other person is the norm in Korea.

Okay, we do have electronic transfers here in America but it takes actual authorization, signatures, and forms.  In Korea, it’s only couple clicks on your computer or couple buttons on your cellphones.

This isn’t necessarily good and part of the reason why their online banking system has been hacked by hackers.   Due to this, Koreans have built a “highly-secure” app on top of Windows Internet Explorer.  If  you try to log-in to your online banking in Korea, the first thing the website will do is to install anti-virus and anti-spyware on your computer.  This is another layer of software on top of the browser.

Another quirk, you cannot use browsers other than Internet Explorer, online banking doesn’t support Firefox.

How can you change the system?  Well, you really can’t.  As they say, “don’t break what ain’t broke.”   Perhaps Windows IE will eventually fall out popularity here in America (I hope) but it may still live through support of international countries like South Korea.

I know this is also true in many other Asian countries such as Thailand and others.  The amount of monopolization Microsoft has done outside the U.S. probably amounts to more money and there’s nothing that the Supreme Court can do about it. (really)  That is perhaps what Microsoft will live on for another decade. (if it hasn’t for the last decade)

So what?

I am just telling you that Microsoft is (sorta illegally) monopolized businesses elsewhere and there’s nothing U.S. government can do.  The oddest part about this whole take-over-the-world-domination is that most Koreans actually enjoy Microsoft’s IE so much, they are “happy” that Microsoft has monopolized their businesses, never mind suing them.

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