South Korean technology news in July of 2024 covered an impressive range of developments including: large-scale South Korean investment in future-focused tech startups; fast-growing moves to develop South Korea’s chips and semiconductors capacity; and more.
Plus: Asia’s Tech Newsletter, Weekly >
KPMG Venture Pulse Q1 2024 – Asia findings
- South Korea: Ministry of SMEs & Startups unveils 15 ‘preliminary unicorns’ and 50 ‘baby unicorns’ selected for Global Unicorn Project, each working in ‘critical growth industries’ / full item
- South Korea: Ministry of SMEs & Startups selects 15 VC funds for fund investment project, targeting new global fund worth over $863M / full item
- South Korea’s Samsung steps up competition with Taiwan’s TSMC and others, unveiling plans for one-stop AI chip productions solutions for clients, claiming a 20% cut in delivery times / full item
- South Korea: Samsung secures a 2-nanometer AI chip foundry and package order from Japan’s Preferred Networks Inc AI applications developer / full item
- South Korea: MegaZoneCloud targets IPO at $7BN valuation, leveraging major cloud services provider position with firms including AWS, Google Cloud and Microsoft Azure / full item
South Korea’s S2W: “There are between 500,000 to 1 million active sites accessible on the dark web, and we are the only ones in South Korea with the technology to detect newly created sites.” / full item
- South Korea: Poen secures $28M Series B with remanufacture of EV waste batteries / full item
- South Korea: COMEUP 2024 tech and startup conference hits new milestone with 1208 applications for the COMEUP Stars pitch competition, part of the December event / full item
- South Korea: A look at Samsung’s challenges around AI-focused chips, with competitors gaining ground in supplying HBM – high-bandwidth memory – semiconductors to NVIDIA / full item
- Samsung Electronics’ external startup incubator, C-Lab Outside, opens applications to August 14 for firms in AI, robotics, IoT devices, digital health, content and more / full item
- South Korea is to establish startup hubs in Seoul and Busan in H2 2026, looking to house and develop 400 tech startups / full item
“South Korea is too strong a force in military-technology development for AUKUS to overlook. Adding it to the security partnership would also bolster stability in East Asia.” / full item
- Ultium Cells, a JV between LG Energy Solution and General Motors, have suspended construction of US EV batteries plant, citing a temporary slowdown in global electric vehicles demand / full item
- South Korea: SeaVantage maritime data analytics firm gains $2.3M backing from HD Hyundai Marine Solution, looking to leverage AI in maritime logistics and sustainable shipping / full item
- South Korea’s Rebellions AI chips firm gains $15M investment from Saudi Ariabia’s Wa’ed Ventures, oil giant Aramco’s venture unit / full item
- South Korea: Rebellions Inc AI chip-maker gains $14.4M from Saudi Arabia’s Aramco oil giant, likely an opening move to more fully entering the Middle Eastern market / full item
- South Korea: Gov’t to offer $12.2 billion in loans for semiconductor chipmakers from July, alongside tax breaks for other ‘national strategic technologies’ / full item
- South Korea’s Innospace secures contracts for $1.5M from Italy’s CShark and Thailand’s EOS ORBIT to place satellites into orbit / full item
- “A major Cambodian payments firm received crypto worth over $150,000 from a digital wallet used by North Korean hacking outfit Lazarus, blockchain data shows…” / full item
PwC Digital Trust Insights 2024 – Asia Pacific
Asia Tech: Newsletters in July
- July 31st 2024: Indonesia cyber force, TSMC & Germany, Singapore semiconductors, Japan Space Strategy Fund…
On LinkedIn and on Substack - July 24th 2024: China’s socialist LLMs, Pacific Islands cybersec, 1nm semiconductors, 30K staff for Huawei R&D centre…
On LinkedIn and on Substack - July 17th 2024: Samsung chips, China space issues, Vietnam digital economy, Malaysia Silicon Island, Bangladesh-Huawei…
On LinkedIn and on Substack - July 10th 2024: Indonesia EV batteries, India semiconductors, Australia space-tech, China smart-car cloud, AU-JP quantum…
On LinkedIn and on Substack - July 3rd 2024: Huawei & Peru, Indo-Singapore subsea cables, China’s G60 mega-constellation, Korea’s $12BN semicon fund…
On LinkedIn and on Substack
