South Korea enacts the AI Basic Act, which it says includes the world's first comprehensive set of laws regulating AI, as startups warn of compliance burdens
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.
South Korea dropps Naver's and NCSoft's teams from its competition to develop its first sovereign AI model, as LG's, SK Telecom's, and Upstage's teams advance
South Korea dropped teams led by units of Naver Corp. and NCSoft Corp. from its closely watched competition to develop the nation's …
SK Hynix will invest ~$12.9B to build an advanced chip packaging plant in South Korea to meet rising memory chip demand, targeting completion by the end of 2027
South Korea's SK Hynix (000660.KS) said on Tuesday it has decided to invest 19 trillion won ($12.90 billion) …
Over the past month, the US paused talks on a tech pact with the UK, canceled a South Korea trade meeting, and threatened the EU over Big Tech regulations
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 …
South Korea says it has signed an MOU with Arm to strengthen its chip and AI sectors, including a program to train ~1,400 high-level chip design specialists
South Korea's industry ministry and SoftBank's (9984.T) chip unit, Arm Holdings, have signed an agreement to strengthen …
South Korea is investigating a data leak at Coupang, allegedly by a former Chinese employee, that exposed ~33.7M accounts, or 65% of the country's 51.7M people
Sohee Kim / Bloomberg :
Naver agrees to acquire Dunamu, which runs South Korea's biggest crypto exchange Upbit, in a $10.3B all-stock deal; Upbit has 80%+ market share in South Korea
Naver Corp. agreed to acquire Dunamu Inc., operator of South Korea's biggest crypto exchange Upbit, in an all-stock deal valued …
South Korea, the EU, the UK, Saudi Arabia, the UAE, and others aim to build “sovereign AI”; Gartner expects $1.5T in AI spending in 2025, up 50% from 2024
Jiyoung Sohn / Wall Street Journal :