South Korea’s tech news headlines in May 2023 spanned issues in technology from central bank digital currency research to NFT trading via smart televisions; from government moves to boost South Korea’s semiconductor industry to alternative protein innovations; and more.
Hit the Korean tech news headlines below to read the articles behind each headline in full.
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Korea Blockchain Week 2023: September 4-10
- South Korea: Gov’t recently passed K-Chips Act, a package of tax breaks and subsidies aimed at boosting the country’s tech and semiconductor manufacturing sectors
- South Korea’s Shinhan Financial Group to launch $36.5M fund to invest in tech startups from Japan and Korea
- South Korea: SK Hynix chip maker rolls back plans to upgrade memory chip-making tech at China facility in Jiangsu province over sanctions concerns
- South Korea: LG Electronics files patent application for TV technology stack allowing users to trade non-fungible tokens on their television, expanding on LG Art Lab
- Tesla CEO Musk and Samsung executives recently met at Samsung Semiconductor’s US R&D Labs to discuss future cooperation in autonomous driving and semicon production
CSET: Mapping emerging technologies and their supply chains
- South Korea: Dutch chipmaker ASM to invest $100M in expanding innovation and manufacturing facility in Hwaseong, focusing on semiconductors and R&D
- South Korea: Taiwan’s Gogoro e-bikes firm expands in partnership with Korea’s Bikebank, launching the Dotstation brand
- South Korea: Samsung Electronics and Bank of Korea to run joint research to develop central bank digital currency ecosystem
“The two sides will continue to work on enabling users to access transactions and payments through Samsung’s Galaxy smartphones and Galaxy Watch even in disaster situations when online network cannot be accessed.”
- South Korea: Taiwan’s Taishin Bank launches TaishinPay QR payment service for Taiwanese tourists, via Hana Bank subsidiary, GLN International
- ICYMI: Sanctions imposed on 4 large-scale entities believed to employ thousands of North Korean IT workers involved in generating illicit revenues underpinning unlawful WMD and missile programs
- China’s CellX and South Korea’s The PlantEat among 6 finalists for XPRIZE Feed the Next Billion, a competition focused on alternative proteins
World Economic Forum: Shared Intelligence for Resilient Supply Systems
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