South Korea

South Korea passes bill aimed at protecting consumers a year after Terra’s collapse
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7 July, 2023

South Korea passes bill aimed at protecting consumers a year after Terra’s collapse

The latest bill comes with severe consequences for breachers but pundits claimed that the regulation is stuck in the perspective...
South Korean telecom giant KT to invest $5.3 billion in AI by 2027
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29 June, 2023

South Korean telecom giant KT to invest $5.3 billion in AI by 2027

The South Korean telecommunication firm, KT Corporation, is invested in the intersection of AI and robotics as well as in...
South Korea: Major banks team up to create security token after greenlight from financial regulator
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25 June, 2023

South Korea: Major banks team up to create security token after greenlight from financial regulator

The alliance headed by NongHyup Bank plans to launch a platform for issuing token securities in the coming months, as...
OpenAI CEO urges South Korea to focus on chips to get ahead in AI development
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14 June, 2023

OpenAI CEO urges South Korea to focus on chips to get ahead in AI development

OpenAI is turning to South Korea for semiconductors and memory chips in a bid to boost its AI production, with...
Do Kwon may face prison time in US, South Korea amid tight extradition race
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12 June, 2023

Do Kwon may face prison time in US, South Korea amid tight extradition race

South Korean prosecutor Dan Sunghan thinks that sending Do Kwon to South Korea is the most rational decision to recover...
South Korea: Lawmakers pass law mandating officials to disclose digital currency holdings
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30 May, 2023

South Korea: Lawmakers pass law mandating officials to disclose digital currency holdings

The new regulation will include digital currencies in the list of private interests that public officials in South Korea must...