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 trillion won ($7.1 billion), up from 8.5 trillion won ($6.6 billion) last June, notable at a time when FinTechs are...
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 crypto exchanges. According to media reports Monday (Oct. 24), financial authorities in Korea say they consider stablecoins to be extremely...
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 weapons program. But when South Korea’s Financial Supervisory Service (FSS) announced on Wednesday (July 27) that it was investigating $3.4...
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 vehicle’s dashboards. Apple was also in the news after modifying its third third-party payments standards in South Korea following a...
December 21, 2022
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 trillion won ($7.1 billion), up from 8.5 trillion won ($6.6 billion) last June, notable at a time when FinTechs are slashing valuations and struggling to find funding, according to a […]
October 24, 2022
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 crypto exchanges. According to media...
February 11, 2022
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 the country’s phone makers to...
January 21, 2022
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 Thursday (Jan. 20). As Bloomberg...
