The Korean tech news round-up for July 2023 captures items in areas including: Korea’s tightening of reporting requirements for cryptocurrency firms; the government’s investment in automation and robotics; the country’s deepening engagement in tech investment with Saudi Arabia; and more.
Hit the links below to read these, and other, Korean tech news articles in full.
South Korea: 2023 ComeUp Startup Festival – November 17-19
- Joint $160M fund created, building on last year’s ‘MOU for Investment Cooperation and Startup Support between South Korea and Saudi Arabia’
- South Korea to require companies that own or issue crypto to disclose info in financial statements from 2024 – quantity, characteristics, business models, accounting policies, profits, volume and more
- South Korea: Production company, Wayne Hills, commence sci-fi movie production using generative AI to deliver script writing, video footage, audio, images and subtitles
- South Korea: An intro to Spacemap, predicting the orbits of satellites and space debris to prevent collisions, with estimates of 1M objects up to 10cm in size currently in orbit
Korea Blockchain Week 2023: September 4-10
- South Korea: Musinsa fashion e-commerce marketplace raised $190M Series C, offering more than 8000 local and foreign fashion brands across 13 countries
- South Korea’s Lotte Home Shopping to intro ‘virtual influencer’ to SE Asia live commerce market, beginning with Thailand via Lazada partnership
- South Korea: Seoul Metro Gov’t unveils ‘Try Everything 2023′, a 3-day startup festival from September 13-15, aiming to boost overseas networks to facilitate Korean startups’ global growth
CSET: Assessing South Korea’s AI Ecosystem
- South Korea: Seoul unveils ‘Comprehensive Plan for Fostering the Robot Industry in Seoul’, investing $158M by 2026 to develop robotics services as strategic future industry, part-preparation for aging society
- North Korean crypto-focused hackers infiltrated JumpCloud, cloud-based IT management services firm, aiming to use this single ‘supply chain’ hack to enter multiple crypto-related firms
United States, Taiwan & Semiconductors: Critical Supply Chain Partnership
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