South Korea: May 2021

tech & startup news: South Korea

The May 2021 tech news round-up for South Korea outlines items including Korean crypto exchanges, Samsung’s moves into blockchain-based trading, the country’s COMEUP tech and startup festival, the Korean startup selected for 2021’s Future Food Asia program and more. We’ve also included a snapshot of April’s headlines, to provide a wider pool of reference points on Korea’s tech space.

The headlines below outline South Korea’s tech news in May 2021, providing Startup News Asia readers with:

• a quick-glance overview of South Korea’s recent tech news;
• instant insights into Korean tech and startup ecosystems; and
• instant access to the tech articles behind each headline.

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• 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

South Korea tech news: April 2021 snapshot

• An intro to 10 of South Korea’s venture capital firms and the companies and sectors they invest in
• Smaller cryptocurrency exchanges likely to close later in the year as new anti-money laundering regulations take effect
• 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
• Klaytn blockchain firm partners with ConsenSys to work towards a Korean central bank digital currency, a digital won
• KoreaTechDesk launches Monthly Pitch sessions for Korean startups, providing 5 startups with the opportunity to pitch to two VCs for 10 minutes
• LG to close down its smartphone business, aiming to instead allocate resources to EV components, connected devices, smart homes, robotics and AI
• K-Startup Grand Challenge 2021 applications now open, closing June 15th, seeking 60 startup teams