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The Bank of Korea should make clear rules for stablecoin issuers, allowing banks and non-banks to issue the tokens, says Kaia DLT Foundation chair Dr. Sangmin Seo. The Bank of Korea’s push for the banking sector to lead the rollout of won-denominated stablecoins lacks logic, says Dr. Sangmin Seo, the chair of the Kaia DLT…
South Korean telco giant SK Telecom is making big changes at its new AI division, AI CIC, just weeks after it was launched. Staff employed by the unit are being offered a voluntary retirement program as part of a broader effort to bring together the company’s various AI-related divisions, SK Telecom confirmed to TechCrunch. “In…
South Korea is nearing a decision on whether to allow Google and Apple to export high-resolution geographic map data to servers outside the country. The detailed maps, which use a 1:5,000 scale, would show streets, buildings, and alleyways in far greater detail than currently available on these platforms. However, several regulatory and security hurdles remain…
South Korea is world-famous for its blazing-fast internet, near-universal broadband coverage, and as a leader in digital innovation, hosting global tech brands like Hyundai, LG, and Samsung. But this very success has made the country a prime target for hackers and exposed how fragile its cybersecurity defenses remain. The country is reeling from a string…
South Korea is world-famous for its blazing-fast internet, near-universal broadband coverage, and as a leader in digital innovation, hosting global tech brands like Hyundai, LG, and Samsung. But this very success has made the country a prime target for hackers and exposed how fragile its cybersecurity defenses remain. The country is reeling from a string…
Instagram has chosen India and South Korea to test a new interface that displays the app’s Reels page first. The company first showed off a similar design when it launched its first iPad app earlier this month. The new interface has Stories up top, like it did previously, but the DM button now lives on…
From tech giants to startups, South Korean players are developing large language models tailored to their own language and culture, ready to compete with global heavyweights like OpenAI and Google. Last month, the nation launched its most ambitious sovereign AI initiative to date, pledging ₩530 billion, (about $390 million), to five local companies building large-scale…
South Korea reportedly flagged a record 36,684 suspicious crypto transactions in 2025, surpassing the combined totals of the past two years. South Korean authorities flagged a record number of suspicious crypto transactions this year, with total numbers reportedly already surpassing combined figures from the past two years. Citing Financial Intelligence Unit (FIU) data provided to…
When Mark Lee was a law student at Harvard, a trademark class exposed him to the staggering scale of counterfeiting, an illicit industry worth more than $3 trillion annually, and set him on an unexpected path to entrepreneurship. “I was always broadly interested in technology and startups, but I never really thought I’d be an…
Lee Eok-won, South Korea’s Financial Services Commission chief nominee, dismissed cryptocurrency as highly volatile and lacking intrinsic value. Lee Eok-won, the nominee for chairman of South Korea’s Financial Services Commission (FSC), has made harshly critical remarks about cryptocurrency. According to a Monday report by local news outlet News1, Lee said that “crypto has extreme price…