Tech in Korea
April, May & June 2021
Korea’s tech news headlines across Q2 2021
The Korean tech news summary, below, for second quarter 2021 collects online Korean tech news headlines from April, May and June of 2021 on subjects including, for example: new taxation requirements on cryptocurrency assets; artificial intelligence in human resources management; virtual reality gaming investments; South Korea’s venture capital firms; and more.
Headlines listed link to the Korean tech news items behind them – in full, online, ads-free, and with no cost.
Hit the links to go directly to the Korean tech news collections for April 2021, May 2021 or June 2021, or simply browse the page’s headlines for the subjects that are most interesting to you.
April 2021 | May 2021 | June 2021
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South korea’s startup news: June 2021
- South Korea: Seoul Fintech Lab partners F10 to bring fintech and insurance-tech accelerator program to South Korea
- South Korea: Woori Financial Group selects 17 tech startups across 7 sectors for Dinno Lab incubator program, working in blockchain, e-commerce and more
- South Korea’s Seoul Global Startup Centre launches Global Bootcamp 2021, connecting 7 startups with accelerators, mentors and more to access international markets
- South Korea: Residents to be required to pay tax on crypto assets held in overseas exchanges, starting January 2022
- South Korea: Ringle raises $18M Series A with one-on-one English tutoring platform, with plans to for offline education spaces in South Korea and the US
- South Korea: Startup applications for the 2021 K-Startup Grand Challenge program close June 15th
- South Korea’s Dot startup picked as sole supplier of Braille tablet PCs for visually impaired students in the US, signing exclusive contract with Dept of Education
- South Korea: Banks to be required to ensure virtual currency exchange clients are classified as high-risk, subject to transaction monitoring and user ID verification
- North Korean hacking group believed to have breached security of South Korea nuclear research institute, potentially South Korea’s most significant security breach
- South Korea: 7 startups set to showcase on June 24th, graduating from Seoul Global Startup Center and beSUCCESS Media group’s SGSC 2021 Global Bootcamp
- South Korea: Gov’t revokes authorizations for 224 Hikvision products over faked test reports, forcing Hikvision to withdraw products for at least one year
- South Korea: Wanted Lab HR tech firm sets sights on August IPO with AI-driven referral and rewards-based recruitment platform
- South Korea: Over $47M in bitcoin, ethereum and other crypto assets were confiscated from 12K people accused of tax evasion following months-long probe
- South Korea: Blind, an employee-focused anonymous messaging app, proves influential in company policy changes, boosting fairness in pay, airing grievances and more
- South Korea: A brief overview of the P4G Entrepreneurs and SMEs Challenge, under the Partnering for Green Growth and the Global Goals 2030 event recently held
- “…lack of global safeguards, low-cost and low-risk with potentially high yield makes cybercrime a natural choice for North Korean regime…a new model of state-sponsored cybercrime”
South Korea tech news: May 2021
- South Korea: Bank association advises members to audit altcoins to gauge trading capacity of exchanges, aiming to identify and manage trading risk presented by minor cryptocurrencies
- South Korea: Samsung expands support for blockchain-based trading of virtual assets on Galaxy handsets, adding connectivity for select cold hardware wallets
- South Korea’s Bloom Technology to partner IDCM Asia cryptocurrency trading platform to establish blockchain-based bank in Dubai
- South Korea: An intro to 4 startups graduating from Samsung’s in-house C-Lab program, working on tech in fabrics, wine, music and temperature control
- South Korea: COMEUP 2021 organizing committee unveiled to coordinate tech and startup event set for November 17-19
- South Korea: Gameper launches Bitro P2P cryptocurrency trading app, with payment methods including bank transfer, mobile gift cards, e-cards and mobile points
- An intro to the 10 startups selected for the Future Food Asia Awards 2021 working on meat alternatives, food-tech, upcycling and more
Korean tech news: April 2021
- South Korea: Klaytn blockchain firm partners with ConsenSys to work towards a Korean central bank digital currency, a digital won
- South Korea: Smaller cryptocurrency exchanges likely to close later in the year as new anti-money laundering regulations take effect
- South Korea: New Samsung Galaxy Quantum 2 uses quantum cryptography to secure apps with built-in random number generator chip, creating a new level of consumer security
- South Korea: Ringle education-tech startup gains $8.9M Series A with video-based 1-to-1 English tutoring, supplied by Ivy League tutors
- South Korea: Miragesoft VR gaming startup gains $2M investment from Softbank Ventures Asia
- South Korea: K-Startup Grand Challenge 2021 details are being finalised, with startup applications provisionally opening April 15th
- South Korea: KoreaTechDesk launches Monthly Pitch sessions for Korean startups, providing 5 startups with the opportunity to pitch to two VCs for 10 minutes
- South Korea: Pitch Contest applications for Tech4Good startups close May 2nd, with selected startups presenting at Tech4Good Summit 2021 later in May
- South Korea: K-Startup Grand Challenge 2021 applications now open, closing June 15th, seeking 60 startup teams
- IC Insights semiconductor research finds South Korea’s Samsung and Taiwan’s TSMC investments, combined, make up 43% of spending this year, outpacing US and China
- South Korea: LG to close down its smartphone business, aiming to instead allocate resources to EV components, connected devices, smart homes, robotics and AI
- South Korea: An intro to 10 of the country’s venture capital firms and the companies and sectors they invest in
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