South Korean technology news in October 2023 captured items spanning tech issues and developments including: fast-moving growth for Pangyo Tech Valley; Seoul’s $3.7 billion startups fund; developments in South Korea’s semiconductor manufacturing industry; Korean digital assets news; and more.
So, for an at-a-glance grasp of South Korean technology news from October 2023, hit the links below; each headline links to the Korean tech news item behind each headline, in full and free-to-read.
And, for other editions, take a look at Asia’s tech news, daily – delivered via LinkedIn, Facebook and Twitter/X – and our Indo-Pacific tech newsletters – delivering via Substack and LinkedIn – for a weekly email update on ASEAN-related technology news.
October 2023: Semiconductors, critical minerals, space tech & satellites
- South Korea: AlphaOmega unveils portable EV charging solution capable of providing 124 miles of range in 40 minutes
- South Korea: Busan unveils plan for digital assets exchange to tokenize assets including raw materials, precious metals, carbon and emissions certificates and IP rights
- Samsung contract chip manufacturing arm gains Canada’s Tenstorrent as artificial intelligence chip customer; Tenstorrent in part uses RISC-V chips built on open-source architecture
- South Korea: Gov’t forms task force on online manipulation of public opinion following Asian Games soccer match support mimicking Korean users in support of opposing team
- South Korea: Wrtn artificial intelligence firm partners Microsoft, gaining Azure OpenAI services, applications and support
- South Korea: Doosan Robotics near doubles value on trading debut, raising $312M in South Korea’s largest IPO this year with human labour-augmenting robotic ‘arms’
BryceTech: Small Satellites in 2023
- South Korea: An overview of Pangyo Techno Valley’s moves to become a global leader in the semiconductor industry
- South Korea: rebellions, an AI-driven fabless semiconductor firm, to co-develop next-gen semiconductor for super-large language models with Samsung Electronics at 4-nm scale
- South Korea’s Posco Holdings conglomerate leads investment in EnergyX lithium tech firm, looking for more efficient ways to produce the battery metal for green energy transition use
- South Korea: Seoul city gov’t launches $3.7BN ‘Seoul Vision 2030 Fund’ to build and boost the country’s startups and scale-ups
- South Korea: Twelve Labs generative AI startup raises pre-A round with participants including NVIDIA with hyperscaleable AI models that focus on understanding video content
- South Korea: LG Electronics to establish new business entity focusing on new growth pillars including digital healthcare, clean-tech and AI, partnering with an as-yet unnamed startup
Mastercard: Blockchain in retail
- Singapore’s Velocity Ventures inks MOU with Korea Tourism Organization to grow early/growth stage tech firms across five travel-tourism verticals – services, transport, accommodation, F&B and experiences
- Korean Investment Partners Southeast Asia hits first fund close of $60M fund, looking at seed-stage to Series B startups
- South Korea: Gyeonggi gov’t announces Pangyo Tech Valley-centered growth, sights on 660K square meters of business space in more than 20 regions, and support for 3K startups by 2026
- Indonesia’s East Ventures VC and Korea’s SV Investment join for new $100M fund looking to bridge wider SE Asia and South Korea
pwc: 2024 Global Digital Trust Insights findings
Indo-Pacific TECH news
All-day tech news updates from across the broad – and increasingly strategically and technologically important – Indo-Pacific region, and across South and Southeast Asia:
- Indo-Pacific tech daily on Twitter
- Indo-Pacific tech daily on Facebook
- Indo-Pacific tech news on LinkedIn
Our mobile app is currently offline, due to the ongoing devolution of what was Twitter, now X.
We aim to have the app back online with a much-improved interface and broader functionality late in 2023.
McKinsey: The economic potential of artificial intelligence
Indo-Pacific TECH newsletter
Our weekly e-newsletters go out via Substack and LinkedIn, giving a one-glance grasp of the week’s technology news from the Indo-Pacific and South & Southeast Asia.
