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South Korea’s presidential front-runner Lee Jae-myung has proposed a won-backed stablecoin to curb capital flight. South Korea’s Democratic Party leader Lee Jae-myung has proposed the creation of a stablecoin tied to the Korean won to prevent capital outflows and strengthen national financial sovereignty. Speaking during a recent policy discussion, Lee argued that a won-based stablecoin…
South Korea has once again postponed a decision on whether to approve Google’s request to transfer the high-precision map data it has on the country’s geography to its international servers. In February, Google had requested approval from the Korean National Geographic Information Institute to deploy a 1:5,000 scale map on its app in the country…
RedotPay’s crypto cards are now live in South Korea, challenging the country’s traditional payment networks with real-time stablecoin transactions. Hong Kong-based fintech firm RedotPay has reportedly launched its cryptocurrency-enabled payment cards in South Korea, positioning itself as a potential disruptor in a market dominated by traditional credit card firms and mobile payment services. The company’s…
In April, South Korea’s telco giant SK Telecom (SKT) was hit by a cyberattack that led to the theft of personal data on approximately 23 million customers, equivalent to almost half of the country’s 52 million residents. At a National Assembly hearing in Seoul on Thursday, SKT chief executive Young-sang Ryu said about 250,000 users…
KuCoin CEO BC Wong told Cointelegraph that some regulators might be using regulation to drive away global players and pave the way for domestic trading platforms. Crypto exchange KuCoin said that it may reenter South Korea after its platform was blocked in the country. On March 21, South Korean regulators ordered Google Play to block…
Propulsive Korean action drama A Shop for Killers has been renewed for a second season at Disney+. Based on a novel of the same Korean title by Kang Ji-young, A Shop for Killers follows Ji-an, a woman raised by her uncle, a mysterious mercenary. After her uncle’s apparent death, she inherits his deadly weapons shop—and…
As robotics has advanced, industry has steadily adopted more robots to automate away many kinds of grunt work. More than 540,000 new industrial robots were installed worldwide in 2023, taking the number of total industrial robots active to above 4 million, per IFR. Industrial robots typically excel at repetitive tasks, but they find it challenging…
After mounting controversy and amid wild speculation on social media, South Korean actor Kim Soo-hyun publicly denied allegations that he groomed and then dated the late actress Kim Sae-ron while she was underage at a surprise press conference in Seoul on Monday. Flanked by his lawyer, Kim Soo-hyun, the 37-year-old star of several hit K-dramas,…
South Korean industry officials are reportedly speculating the number of crypto users could hit 20 million by the end of the year. Crypto exchange users in South Korea have crossed over 16 million after receiving a boost following US President Donald Trump’s election win last November. Data submitted to representative Cha Gyu-geun of the minor…
Netflix has lined up its next high-profile Korean drama series — and this one could get steamy. Currently given the working title Scandals, the show will be an adaptation of the 2003 Korean film Untold Scandal, which reimagined the promiscuous world of the classic French novel Dangerous Liaisons within the context of Korea’s Joseon era. The show…