Alibaba Reportedly Plans to Invest $1.1 Billion in South Korea
The media reports that Alibaba Group intends to invest $1.1 billion in South Korea.
South Korea - page 3
Samsung Electronics Posts Drop in Operating Profit
Samsung Electronics on Wednesday, January 31, published data according to which the company’s operating profit for the fourth quarter of last year showed a decline of 34.57% compared to the result for the same period in 2022.
AI Chip Startup Rebellions Secures $124 Million
The South Korean startup Rebellions Inc. announced that it managed to raise $124 million in financing from investors, including KT Corp., to accelerate work on the development of a new generation artificial intelligence chip, which is a kind of example of the growing interest in hardware that drives AI.
Amazon Portfolio Reaches Over 500 Solar and Wind Projects Globally
Amazon invested in more than 100 new solar and wind energy projects in 2023, expanding its portfolio to a size big enough to power 7.2 million U.S. homes annually.
US Overtakes China as South Korea’s Top Export Market
In December, shipments of goods produced by South Korean companies to the United States exceeded exports to China.
South Korea Chip Output Grows Rapidly
The semiconductor industry in South Korea is currently recording the best state of affairs in recent years, the material form of expression of which is associated with a rapid increase in production volumes.
South Korea Fines Global Banks for Illegal Naked Short Selling
South Korea has decided to impose a total fine of 26.5 billion won ($20.4 million) on two global investment banks and a local unit of an international company for involvement in naked short selling.
Ant Group Partners PayNet for Cross-Border Digital Payments
Travellers with Ant Group’s Alipay+ partner e-wallets from China, Hong Kong, Philippines, Mongolia, Macau, Japan, South Korea and Thailand can now make QR payments at over 1.8 million PayNet’s DuitNow touchpoints across Malaysia
Samsung Competes With SK Hynix for Leadership in AI Sphere
The dynamic of changes in the value of shares of Samsung Electronics Co. currently demonstrates a movement in the direction of giving way to similar indicators of a smaller competitor of this company in the sphere of memory chip production SK Hynix, which is currently actively developing against the background of the bet of many […]
South Korea’s Nand Flash Memory Chip Exports Show Growth
According to the results of last month, an increase in South Korean exports of Nand flash memory chips was recorded.
Samsung Reports Slowing Fall in Profits
Samsung Electronics reported on the preliminary results of operations for the third quarter of 2023, which showed a less intense decline in profit compared to the expected figure.
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.
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.
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