Seoul

Payments using facial recognition are growing in South Korea as the tech improves; Viva Republica has scaled its fintech app Toss' Facepay service to 1M+ users

SEOUL — Payments using facial recognition are becoming more widespread in cashless South Korea, as artificial intelligence and 3D photography increase accuracy.

Sources: Seoul-based AI chip designer FuriosaAI seeks to raise a $300M to $500M Series D to fund mass production of its second-gen RNGD chip and eyes a 2027 IPO

Sources: Seoul-based AI chip designer FuriosaAI seeks to raise a $300M-$500M Series D to fund mass production of its 2nd-gen RNGD chip and is eyeing a 2027 IPO

a16z crypto expands to Asia, opens a Seoul office, hires Monad's Sungmo Park as its Asia head, and calls South Korea the world's second-largest crypto market

What to know: … A16z crypto, a venture capital fund of Andreessen Horowitz (a16z), said it is expanding into Asia …

Industry executives say nearly all major memory chipmakers are running at or near full capacity, with 2026 production slots almost “sold out” due to AI demand

TAIPEI/TOKYO/SEOUL — Since October, SK Hynix's headquarters in Icheon, near Seoul, has seen a steady stream of visitors … X: @nikkeiasia and @nikkeiasia X: @nikkeiasia : The AI boom is driving huge de...

Sources: South Korean antitrust officials visited Arm's Seoul offices as part of ongoing scrutiny of its licensing practices, following Qualcomm's complaint

South Korea's antitrust regulator visited the Seoul offices of Arm Holdings Plc this week as part of ongoing scrutiny …

South Korea restricts travel to Cambodia over online scam center kidnappings; the UK and US sanction Cambodia's Prince Group for allegedly running scam centers

Seoul says 330 of its nationals detained or abducted in the first eight months of this year  —  South Korea has prohibited …

South Korea confirms that a fire at National Information Resources Service's data center, housing 647 government IT systems, directly damaged 96 of them

Covering social issues on Seoul, civil security, climate  —  The Ministry of Interior and Safety said Sunday that recovery work …

Seoul-based chip designer FuriosaAI signs a deal with LG to use its AI chip RNGD, its first major contract, after rejecting Meta's $800M buyout offer in March

FuriosaAI Inc., the Seoul-based startup seeking to design chips to compete with Nvidia Corp., has sealed its first major contract months …

Sources: Samsung is delaying the completion of its Texas fab due to a lack of customers; the plant was meant to come online in 2024, but has been pushed to 2026

SEOUL/TAIPEI — Samsung Electronics is delaying completion of a semiconductor factory in the U.S. state of Texas …