South Korea

Fintech & Ecommerce

Deutsche Bank Brings Merchant Solutions to APAC

Deutsche Bank Merchant Solutions capabilities are officially available in Australia, India, Indonesia and South Korea. They provide the bank’s clients with a global payment acceptance platform with a diverse range of local payment methods.

News

South Korea Fines Meta

South Korea has ordered Meta Platforms to pay a fine of 21.62 billion won ($15.67 million).

News

South Korean Export Growth Slows

In South Korea, a slowdown in the export dynamic was recorded last month.

Blockchain & Crypto

South Korea to Monitor Cross-Border Crypto Transactions

New crypto regulations in South Korea will require businesses engaged in cross-border virtual asset trade to register with authorities in advance and submit monthly transaction reports to the Bank of Korea.

Blockchain & Crypto

Institutions Drive Crypto Adoption in South Korea and Hong Kong: Report

Eastern Asia is the sixth largest cryptocurrency economy in the world this year, accounting for 8.9% of global crypto value received between July 2023 and June 2024. South Korea and Hong Kong stand out as the most crypto-active countries in the region, with institutions driving increased adoption.

Fintech & Ecommerce

Stripe Boosts Asian Commerce With AI Payment Capabilities

Stripe’s Optimized Checkout Suite and Radar Assistant powered by AI complement Stripe’s new Adaptive Pricing feature in an offering for Asian businesses involved in cross-border commerce.

News

AI Chip Makers Rebellions and Sapeon Agree to Merge

The South Korean companies Rebellions Inc. and Sapeon Korea Inc., which specialize in carrying out activities in the chip manufacturing sector necessary for training and ensuring the subsequent operation of artificial intelligence systems, have signed a final merger agreement.

Science & Technology

SK Hynix to Build Chip Plant in South Korea

SK Hynix, a South Korean-based memory chip giant, has announced its intention to invest 9.4 trillion Korean won ($6.8 billion) in the construction of a new semiconductor manufacturing plant.

Science & Technology

SK Hynix Posts Highest Quarterly Profit in 6 Years

SK Hynix, one of the largest chip manufacturers in the world, released information on Thursday, July 25, about the financial results of its activities in the second quarter of the current year.

News

South Korea Current Account Tops 32-Month High

South Korea’s current account has reached its biggest surplus in more than two years.

Science & Technology

Goldman and Citi Predict More Gains for SK Hynix

The value of shares of South Korean company SK Hynix Inc., which is the main supplier to US Nvidia Corp., has shown growth of more than 90% over the past year, but according to Wall Street analysts, this impressive result is not the limit to the upward trajectory of the Asian firm, due to which […]

Finance & Economics

South Korea’s Export Grows Amid Record Chip Sales

In June, an increase in South Korea’s export activity was recorded.

Science & Technology

SK Hynix to Invest $75 Billion in Chips

SK Hynix Inc., the semiconductor unit of South Korea’s SK Group, intends to invest 103 trillion won ($74.8 billion) in the chip area by 2028.

Science & Technology

South Korea Kicks Off $19 Billion of Chip Loans

South Korea will start providing financial aid to chip manufacturers in July.

Science & Technology

AI Chip Makers Rebellions and Sapeon to Merge

On Wednesday, June 12, in South Korea, two local startups for the development of chips for artificial intelligence systems, which are Rebellions and Sapeon, agreed to merge.

Fintech & Ecommerce

Alipay+ and Hyundai Department Store Join Marketing Efforts

Alipay+ signed a Memorandum of Understanding (MoU) with Hyundai Department Store to expand customer interaction and strengthen the parties’ global positions.