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South Korea

South Korea commits $14.5 million to experiment with CBDC, digital vouchers
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23 June, 2024

South Korea commits $14.5 million to experiment with CBDC, digital vouchers

South Korea is doubling down on its blockchain investment, with the latest being a $14.5 million investment to explore CBDC...
SM Entertainment founder pushes for AI, blockchain adoption in K-pop
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22 June, 2024

SM Entertainment founder pushes for AI, blockchain adoption in K-pop

Lee Soo-man, founder of South Korean multinational entertainment agency SM Entertainment, urged industry participants to increase the adoption metrics for...
Naver Corp to double down on AI investment in South Korea
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12 June, 2024

Naver Corp to double down on AI investment in South Korea

Naver's entry into the artificial intelligence ecosystem isn't solely rooted in its ambition for greater innovation but also in its...
South Korea’s Nonghyup and Woori advance tokenization projects
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4 June, 2024

South Korea’s Nonghyup and Woori advance tokenization projects

Nonghyup received a billion won from the Korea Internet & Security Agency to build a tokenization platform, while Woori applied...
LG Uplus brings unique experience for students with Meta Yonsei platform
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21 May, 2024

LG Uplus brings unique experience for students with Meta Yonsei platform

A major leap toward South Korea's digitization efforts, LG Uplus rolls out its metaverse platform at Yonsei University, giving students...
South Korea’s Kakao, Naver merge blockchain projects to launch ‘kaia’
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9 May, 2024

South Korea’s Kakao, Naver merge blockchain projects to launch ‘kaia’

The two companies were behind Klaytn and Finschia blockchain projects, which had a combined market cap of $876 million and...
South Korea investing $7 billion in AI to stay ahead of the curve
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12 April, 2024

South Korea investing $7 billion in AI to stay ahead of the curve

South Korean President Yoon Suk Yeol has confirmed the country’s intention to invest $6.9 billion in supporting the local AI...
South Korea eyes blockchain tech to streamline job application process
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10 April, 2024

South Korea eyes blockchain tech to streamline job application process

South Korea's plan to introduce digital skills will span five years and is geared toward deepening the talent pool and...
South Korea ramps up AI investment for public services
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6 April, 2024

South Korea ramps up AI investment for public services

South Korea is setting up for a massive transformation, allocating a $526 million fund to integrate AI into critical industries,...
US to challenge extradition of Do Kwon to South Korea
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11 March, 2024

US to challenge extradition of Do Kwon to South Korea

The U.S. DOJ said it would continue to seek the extradition of Do Kwon to the United States, fearing that...
South Korea’s ruling party to push digital asset taxes to 2027 in election pledge
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22 February, 2024

South Korea’s ruling party to push digital asset taxes to 2027 in election pledge

The People Power Party is luring voters with promises to defer the upcoming taxes by another two years to 2027...
South Korea to ban unfit exchanges as it ramps up digital asset scrutiny
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18 February, 2024

South Korea to ban unfit exchanges as it ramps up digital asset scrutiny

A three-year license issued to virtual asset service providers (VASPs) in 2021 expires this year, and they have to renew...