South Korea’s technology news headlines in September 2023 covered a range of items, including but not limited to: Samsung’s bold claims around competing with Taiwan’s TSMC on semiconductors; Pangyo Tech Valley‘s large-scale tech facilities growth; Korea’s partnership with Australia on critical mineral supply chains; the government’s Comprehensive Startup Korea Plan; and more.
Hit the headline links below to read each South Korean tech news item from September 2023 in full.
- North Korean Lazarus Group hackers believed to be responsible for $41M theft from crypto-based sports betting platform Stake, taking this year’s hacking proceeds over $200M
- South Korea: 2nd Pangyo Techno Valley scheduled for completion by year-end, featuring Metaverse Campus, Global Game Hub Center, Information Security Cluster and more
- GSMA’s Mobile360 APAC Conference 2023 set for Seoul, South Korea, September 7-8, looking at tech including AI, 5G, telecoms networks and more
- South Korea: Neurophet selected for Startup Creasphere APAC 2023, digital health-focused platform from Roche pharma giant and Plug and Play, with AI-assisted brain imaging analysis
‘Should chip funds go to chaebols or underdogs? In South Korea, the question has taken on partisan undertones.’
South Korea’s semiconductor industry first made a name for itself through memory chips. Korea manufactures a staggering 44 percent of these chips that computers use for internal storage. Since then, the country has advanced in other chip segments as well. Notably, South Korea accounts for 8 percent of global sub-10 nanometer (the most advanced) logic chipmaking, with only Taiwan competing with South Korea in that space.
- Export-Import Bank of Korea inks MOU with Export Finance Australia to collaborate on stabilizing core mineral supply chains
- South Korea: BANF secures $3M focusing on real-time truck tire sensing technology, initially targeting logistics industry in which tire issues account for 30% of accidents
- South Korea: Gov’t unveils ‘Comprehensive Startup Korea Plan’ to boost innovation with funding for deep tech, global expansion support, and private sector-led approach
- South Korea: Hyundai unit partners 60Hz, energy-tech firm working on ‘virtual power plants’, networks of small power-producing and storage devices that can be pooled to feed the grid
Samsung & semiconductors:
“…once TSMC joins us in the race for two-nanometre technology, Samsung will lead the way. Within five years, we can surpass TSMC.”
- South Korea: Panmnesia chip firm backed with IP on Compute Express Link tech which allows data center operators to pool devices including AI chips, processors and memory
- Japan: US Space Force may establish unit in Japan, expanding on Hawaii unit and subordinate unit in South Korea
All-day tech news updates from across the broad – and increasingly strategically and technologically important – Indo-Pacific region, and across South and Southeast Asia:
- Indo-Pacific tech daily on Twitter
- Indo-Pacific tech daily on Facebook
- Indo-Pacific tech news on LinkedIn
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We aim to have the app back online with a much-improved interface and broader functionality late in 2023.
Our weekly e-newsletters go out via Substack and LinkedIn, giving a one-glance grasp of the week’s technology news from the Indo-Pacific and South & Southeast Asia.