Korea

Lenovo Bets on AI as South Korea Grants Banks Access to Cloud Computing 
Lenovo Bets on AI as South Korea Grants Banks Access to Cloud Computing 
August 22, 2024  |  artificial intelligence

Artificial intelligence (AI) is driving seismic shifts across the tech and financial landscapes, with Lenovo reporting strong quarterly results due to its AI focus and...

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Korean FinTech and Investment App Toss Raises $405M
Korean FinTech and Investment App Toss Raises $405M
December 21, 2022  |  Investments

South Korean investment app Toss has raised $405 million in a Series G funding round. The round lifts the company’s valuation to a reported 9.1...

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Korean Regulators to Probe Stablecoin, Money Laundering Link
Korean Regulators to Probe Stablecoin, Money Laundering Link
October 24, 2022  |  AML

In a bid to stop money launderers, South Korea’s Financial Services Commission (FSC) is planning a probe into the amount of stablecoins being used on...

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South Korea’s Crypto ‘Kimchi Premium’ Suspected in $3.4B FX Investigation
South Korea’s Crypto ‘Kimchi Premium’ Suspected in $3.4B FX Investigation
July 28, 2022  |  Cryptocurrency

When people talk about illicit Korean cryptocurrency transactions, people tend to think of North Korean hackers stealing billions in bitcoin to fund the country’s nuclear...

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Today in The Connected Economy: Apple Wants Drivers Paying For Gas With CarPlay
Today in The Connected Economy: Apple Wants Drivers Paying For Gas With CarPlay
June 30, 2022  |  Connected Economy

Today in the connected economy, Apple is set to debut a new version of its CarPlay technology that lets drivers buy gas right from their...

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Google Sues South Korea’s Regulator to Reverse Antitrust Fine
Google Sues South Korea’s Regulator to Reverse Antitrust Fine
February 11, 2022  |  ANTITRUST

Google is asking a judge to reverse the fine it received last year from South Korea’s competition regulator after the tech giant tried to force...

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Shares of Korea’s Kakao Jump After Three Execs Quit
Shares of Korea’s Kakao Jump After Three Execs Quit
January 21, 2022  |  Personnel

Shares of the Korean FinTech giant KakaoPay saw their biggest rise in two months after the company’s top three executives resigned at the same time...

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Korean eGrocer Kurly Expects $2.5B in GMV
Korean eGrocer Kurly Expects $2.5B in GMV
January 18, 2022  |  International

As it prepares to go public, the South Korean eGrocer Kurly expects to reach $2.5 billion in gross merchandise value (GMV) after crossing the $1.6...

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LG Adds More Unmanned Retail Shops to Meet Contactless Shopping Desires
LG Adds More Unmanned Retail Shops to Meet Contactless Shopping Desires
December 29, 2021  |  Retail

LG Electronics is expanding the number of its unstaffed retail stores from the original nine, which opened in May, to 19 as of Wednesday (Dec....

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