South Korea - page 4

News

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).

Society & Lifestyle

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.

News

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.

News

South Korea Fines Google $32 Million

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

News

Samsung Plans to Cut Memory Chip Production

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

Blockchain & Crypto

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

News

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.

Fintech & Ecommerce

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

News

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.

News

Binance Acquires GOPAX Exchange to Re-Enter South Korea

Binance will be re-entering the South Korean crypto market by putting capital into the survival of GOPAX.

Fintech & Ecommerce

Seoul Government Opens City’s First Metaverse Project

According to Seoul’s mayor, Oh Se-hoon, the new virtual environment will allow residents to access official documents, file complaints, and receive help with filing taxes.