South Korea is becoming the first country to offer artificial intelligence (AI) as a public utility, providing all 52 million residents free, unlimited access to an AI chatbot, in the same way it already provides broadband and public education. The Ministry of Science and ICT...
South Korean authorities levied Wednesday (June 10) a historic 624.7 billion won (about $412 million) fine against the eCommerce giant Coupang following a massive data breach that affected approximately two-thirds of the nation’s population. This penalty, handed down by the Personal Information Protection Commission (PIPC),...
Is South Korea prioritizing central bank digital currencies (CBDCs) over stablecoins? As CoinDesk notes in a report Tuesday (April 21), the new governor of the country’s central bank used his first address in office to focus on the former while making no mention of the latter. Shin...
South Korea plans to step up its regulation of digital assets after cryptocurrency exchange Bithumb accidentally gave away over $40 billion in bitcoin, Reuters reported Monday (Feb. 9). Lee Chanjin, governor of the country’s Financial Supervisory Service (FSS), said at a press conference that the...
December 19, 2023
After a roller coaster year of surprises, including a November decision to withhold its earnings results for the third quarter of 2023 and the cancellation of its planned conference call, Farfetch has been acquired by South Korean eCommerce giant Coupang. Will it be enough to save the struggling luxury retailer from going out of style? […]
August 01, 2023
The real-time payments landscape is constantly changing. Growth in adoption and transaction volume has been measured across the continents. With the U.S. Federal Reserve’s launch of FedNow, this change seems...
August 19, 2022
South Korea is a titan in the world economy, exploring the cutting edge of technology, finance, automotive and retail through household brands like Samsung, LG and Hyundai. Its eCommerce...
July 21, 2022
Among the most mobile-centric nations on earth, South Korea is a ripe opportunity for eCommerce merchants provided they learn the terrain — namely, payments localization. With the world’s 10th-highest gross...
October 06, 2026
South Korea has reportedly seen evidence of artificial intelligence involvement in recent cyberattacks on banks. As the Financial Times (FT) reported, President Lee Jae Myung said on Tuesday (Oct. 6) that hacks had revealed user data at seven financial firms, with indications of AI use in some of these incidents “causing considerable public concern and anxiety.” […]
June 11, 2026
South Korean authorities levied Wednesday (June 10) a historic 624.7 billion won (about $412 million) fine against the eCommerce giant Coupang following a massive data breach that affected approximately two-thirds...
April 21, 2026
Is South Korea prioritizing central bank digital currencies (CBDCs) over stablecoins? As CoinDesk notes in a report Tuesday (April 21), the new governor of the country’s central bank used his first address...
February 09, 2026
South Korea plans to step up its regulation of digital assets after cryptocurrency exchange Bithumb accidentally gave away over $40 billion in bitcoin, Reuters reported Monday (Feb. 9). Lee Chanjin,...
