Artificial intelligence (AI) is driving seismic shifts across the tech and financial landscapes, with Lenovo reporting strong quarterly results due to its AI focus and South Korea set to allow financial firms to leverage AI and cloud technologies. Meanwhile, a new study reveals a stark...
South Korean investment app Toss has raised $405 million in a Series G funding round. The round lifts the company’s valuation to a reported 9.1 trillion won ($7.1 billion), up from 8.5 trillion won ($6.6 billion) last June, notable at a time when FinTechs are...
In a bid to stop money launderers, South Korea’s Financial Services Commission (FSC) is planning a probe into the amount of stablecoins being used on crypto exchanges. According to media reports Monday (Oct. 24), financial authorities in Korea say they consider stablecoins to be extremely...
When people talk about illicit Korean cryptocurrency transactions, people tend to think of North Korean hackers stealing billions in bitcoin to fund the country’s nuclear weapons program. But when South Korea’s Financial Supervisory Service (FSS) announced on Wednesday (July 27) that it was investigating $3.4...
June 24, 2025
The Bank of Korea has reportedly called for a gradual introduction of won-pegged stablecoins. The central bank’s senior deputy governor said Tuesday (June 24) that this slow rollout should begin with tightly regulated commercial banks. “It is desirable to first allow banks, which are under a high level of regulations, to issue (won-based stablecoins) and gradually expand to the […]
December 21, 2022
South Korean investment app Toss has raised $405 million in a Series G funding round. The round lifts the company’s valuation to a reported 9.1 trillion won ($7.1 billion), up...
October 24, 2022
In a bid to stop money launderers, South Korea’s Financial Services Commission (FSC) is planning a probe into the amount of stablecoins being used on crypto exchanges. According to media...
February 11, 2022
Google is asking a judge to reverse the fine it received last year from South Korea’s competition regulator after the tech giant tried to force the country’s phone makers to...