South Korea’s tech news headlines
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- South Korea: ComeUp 2024 global startup festival was held December 11-12 in Seoul, featuring a range of specialist summits / full item
- South Korea: Police arrest 215 people on suspicion of stealing $228M in the country’s largest cryptocurrency investment scam, impacting 15K victims / full item
- South Korea: Startups Ministry proposes plan to create 4 cities by 2030 that will rank in the best 100 cities worldwide in which to start a new business / full item
- South Korea: Samsung Electronics commences gear installation at new NRD-K R&D complex, looking at future product development across all semiconductor fields / full item
- South Korea: SK Telecom expects AI-focused data centers to be its first major revenue source in AI business streams, seeing 80% of Korean centers under construction already leased / full item
Heritage Foundation: The Pacific Pivot – US Strategy for the Pacific Islands
- South Korea: Meta was fined over $15M following unauthorised collection of of near 980,000 users’ data for advertisers including on religion, political views and sexuality / full item
- Samsung now reportedly to curb supply of chips 7nm and smaller to China firms, aligning with US limitations on tech access, with Intel likely next to cut supply / full item
- South Korea’s Perigee Aerospace space launch firm and Thailand’s Geo-Informatics & Space Tech Development Agency ink MOU to develop Thai space infrastructure and capabilities / full item
- South Korea: Ministry of Startups & SMEs has launched new ‘Startup Korea Special Visa’ for Foreign Entrepreneurs and Startups’ initiative, selecting on criteria including business viability / full item
- South Korea: 7 major banks join retailers including 7-Eleven and Kyobo bookstore for participation in central bank’s fast-expanding CBDC pilot / full item
South Korea: The Digital Asset User Protection Foundation is being established to help users recover assets stuck in defunct exchanges, with gov’t pledging support for the initiative / full item
- South Korea: Busan Digital Asset Exchange formally launches, aiming to tokenize real-world assets including precious metals, raw materials, and carbon credits / full item
- A record-breaking crypto rally born in the US is leaving its mark on Asia, including a jump in the value of Bitcoin held by Bhutan to more than $1BN… / full item
- Vietnam: South Korea’s LG Innotek to scale up manufacturing in Haiphong with $268M in new facility investment, targeting smartphone camera modules and optical products / full item
- China: Apple has established research labs in Beijing, Shenzhen, Suzhou, and Shanghai, in supply chain diversification and cost-cutting move, with Korean firms losing out / full item
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