South Korea


South Korean Bank to Launch a Joint Crypto Custody Project With BitGo

KEB Hana Bank and BitGo are preparing to offer joint digital asset custody services


SK Telecom Invests Additional $100M in Anthropic AI

In addition to the investment, South Korea’s telecom operator has entered into a partnership agreement with AI provider Anthropic to build a large language model (LLM) customized for telcos


Samsung Cuts in Memory Chip Production

Samsung Electronics continues to implement a strategy to reduce the production of memory chips, including NAND flash memory, which is used in smartphones and computers.


Levit Raises $46 Million

Seoul-based e-commerce company Levit, the operator of the Alwayz shopping app, announced the raising of investment funds for $46 million following the results of the Series B financing round.

Science & Technology

OpenAI CEO Calls For Global Cooperation to Regulate AI

Sam Altman, CEO of OpenAI, during a visit to South Korea on Friday, June 9, called for coordinated international regulation of the process of development and dissemination of generative artificial intelligence.

Blockchain & Crypto

Korean Prosecutors Seek Crypto Millions Tied to Do Kwon and TerraUSD

The South Korean prosecutor’s office said that Do Kwon, after his arrest at the end of March, was able to withdraw tens of millions of dollars from an organization that is associated with his blockchain project, which suffered a crushing failure.


Samsung and Bank of Korea Collaborate on Offline CBDC

The media reported that Samsung is currently working with the Bank of Korea to create a central bank digital currency (CBDC).


From Traditional to Modern: A Journey into the Profitable World of Korean Art

The art world is in a constant state of flux, as collectors and investors seek to diversify their collections and new markets continue to emerge. One such market that has gained considerable attention in the last few years is Korean art, encompassing both traditional and modern paintings.


Korean Fintech Kakao Pay to Acquire Majority Stake in US Brokerage Firm Siebert

Kakao Pay, the online payment service of the South Korean messenger and Internet giant Kakao, announced the acquisition of a stake in Siebert Financial, a brokerage firm based in New York.


South Korea Fines Google $32 Million

The South Korean Fair Trade Commission (KFTC) fined Alphabet’s Google 42.1 billion won ($32 million).

Finance & Economics

Samsung Plans to Cut Memory Chip Production

Samsung Electronics has announced its intention to reduce the production of memory chips.


South Korea Launches Metaverse Fund

The Ministry of Science and ICT of South Korea established an investment fund to support the growth of metaverse initiatives in the country


Samsung and Naver to Partner on Mobile Payments in South Korea

Samsung and Naver announced that they have reached an agreement on strategic cooperation in order to combine efforts to maintain the leading positions of these companies in the South Korean mobile payments market.


BaaS Provider AIZEN Launches “AI Core-Tech” in a Dynamic Environment With ChatGPT

One of the leading banking-as-a-service (BaaS) providers in the Southeast Asian market – AIZEN – introduced the banking service using “AI Core-Tech” in a dynamic environment with ChatGPT


PPRO Integrates With TossPay to Extend Global Cross-Border Payments Infrastructure to South Korea

UK-based fintech PPRO has extended its payment infrastructure to the South Korean market through integrating with Toss Pay, one of the most popular e-wallets in the country


Apple Pay Set to Launch in South Korea

In the coming months, Apple Pay will be launched in South Korea with the support of Hyundai Card.

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