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Google notified South Korean Android developers that they could begin adding alternate payment options to their apps. When Android users in SouthKorea make Google Play Store purchases, they'll have the choice to pay through Google Play or a third-party billing system during checkout.
Announced by the Defense Acquisition Program Administration (DAPA), the laser weapons were developed by the South Korean military with Hanwha Aerospace Co. Read Entire Article
A team led by Su-Il In, a professor at SouthKorea's Daegu Gyeongbuk Institute of Science and Technology, is developing an innovative solution: radiocarbon-powered nuclear batteries that could last for decades without needing a recharge. Read Entire Article
The proposed law is a revision of the Telecommunications Business Act, making app store operators unable to force developers to use specific payment systems, such as those controlled by the app store operators.
billion won (around $177 million) in SouthKorea for abusing its dominant market position to stop device manufacturers from using modified versions of Android, Bloomberg reports. The ruling comes on the same day as the so-called “anti-Google law” goes into force in SouthKorea. Illustration by Alex Castro / The Verge.
A South Korean research team led by Director Jo Moon-Ho of the Center for Van der Waals Quantum Solids within SouthKorea's Institute for Basic Science has made a significant advancement in semiconductor and nanomaterial technology that could lead to the development of much smaller, more efficient, and more powerful.
SouthKorea’s telecommunication regulator, the Korea Communications Commission (KCC), said Friday that it plans to levy fines on Google and Apple, which could total up to $50.5 According to the KCC statement, the two Big Tech giants abused market dominance to force local app developers to use […]
Now, a team of researchers from SouthKorea's Pusan National University has developed a new method around the same technology that is approximately 40 percent more energy-efficient than current techniques. Read Entire Article
Google has announced changes it will make to its in-app payments options in SouthKorea — a significant step back for the tech giant as governments around the world seek to curb the control Google and Apple wield over their mobile ecosystems. Illustration by Alex Castro / The Verge. Image: Google.
According to a report by Bloomberg on Wednesday, SouthKorea plans to invest at least KRW 34 trillion ($23 billion) to help companies develop cutting-edge technologies in the fields of batteries and biotechnology. The Finance Ministry is expected to discuss legal amendments related to the initiative in parliament this March.
SouthKorea has passed a bill written to prevent major platform owners like Google and Apple from restricting app developers to built-in payment systems, The Wall Street Journal reports. If tech companies fail to comply with the new law, they could face fines of up to 3 percent of their SouthKorea revenue.
This past winter, leaders from around the world gathered in SouthKorea to produce the first legally binding global treaty on plastics pollution. Can agriculture escape the plastic problem? They didn’t reach an agreement, but the negotiations are scheduled to resume in August.
In doing so, the Korean tech giant has managed to beat rival TSMC in the race to develop leading-edge manufacturing techniques for the growing performance and energy-efficiency demands of the. Samsung has officially started mass production of chips at its Hwaseong facilities using a 3nm process node and gate-all-around transistors.
Last year, Samsung saw the first taste of the economic downturn with a DRAM and NAND supply glut in SouthKorea. As demand for its chips continued to slide, the company scrambled to beat TSMC in the race to develop the most advanced process node, hoping to woo clients of. Read Entire Article
A research team from the Ulsan National Institute of Science and Technology (UNIST) in SouthKorea has developed transparent solar cell technology capable of directly charging a battery from a glass surface. Read Entire Article
Solana Ventures and Solana Foundation have set up a $100 million investment and grant fund to deploy capital into South Korean web3 startups, Johnny Lee, general manager of games at Solana Labs, told TechCrunch. The fund will focus on gaming studios, GameFi, NFTs and DeFi in SouthKorea.
Microsoft has backed Wemade, a popular video game developer that has made aggressive bets on blockchain in recent years, the latest sign of tech giants’ showing growing interest in web3. SouthKorea’s Wemade said in a press release that it has raised $46 million from Microsoft, Shinhan Asset Management and Kiwoom Securities.
Most merchants in SouthKorea keep track of their international shipping logistics via email until their cargo safely gets to its destination. Portlogics, which now has 19 employees (six in R&D), will use the new capital to further develop its platform, including by hiring additional employees.
We have yet to see any Intel Arc GPUs outside of SouthKorea and China, despite the company's initial promise that it would flood the market with a wide range of desktop and laptop models. However, judging by early benchmarks and the relatively slow driver development around Team Blue's discrete.
The new funding was led by Alkeon Capital, an American investment firm, and included participation from new investors like KoreaDevelopment Bank, and returning backers Altos Ventures and Greyhound Capital. Lee said more than 20% of bank accounts and credit cards in SouthKorea are already registered on Toss.
South Korean AI chip developer Rebellions has raised a $22.8 million (30 billion KRW) extension to its Series A financing from a strategic investor KT , one of the largest telecom companies in SouthKorea. . Intel acquired Habana Labs, an Israeli startup developing AI chipmaker for data centers, in 2019. .
Riiid , a SouthKorea-headquartered AI-powered edtech company, acquired its Japanese distribution partner Langoo to expand its Japan footprint. . million users downloaded the Riiid Tutor app in SouthKorea and Japan. Founded in 2014, it has approximately 210 employees globally, including SouthKorea, the U.S,
Google is introducing a pilot to let “a small number of participating developers” offer a payment system in addition to Google Play’s. Samat says the feature builds on its plans to allow additional billing systems in SouthKorea , which Google made in response to legislation passed in SouthKorea last year.
So Motional will keep that insight central to every product we develop.”. The collapse of Uber and Lyft’s ride-hailing business in the US seems to presage some of the difficulty autonomous vehicle developers will face convincing passengers to ride in their cars. SouthKorea reportedly plans to spend 1.7 trillion won ($1.4
Cyberattacks that originated in North Korea and Russia have been targeting companies conducting research for COVID-19 vaccines and treatments, Microsoft said in a new blog post. The company says the attacks were aimed at seven leading pharmaceutical companies and researchers in the US, Canada, France, India, and SouthKorea.
Danggeun Market plans to focus on accelerating further overseas market expansion for the next two years after closing Series D funding, and in SouthKorea, we will diversify our business, aiming to be a super app,” co-founder and co-CEO Gary Kim said in an exclusive conversation with TechCrunch. The company reached 1.8
The real estate market in SouthKorea is very fragmented, which means people often have to work with dozens of brokers before they find a new home. The startup’s other investors include Goodwater Capital, Maple VC and strategic angel investors in SouthKorea and the United States. Dongnae raises $4.1
The 65-inch LG Signature OLED R is now available at seven consumer electronics store throughout SouthKorea and will cost 100 million won, or more than $87,000. Because of its flexible nature, it can retract partially or fully into its base, adapting to different aspect ratios or hiding the panel completely when not in use.
Apple says it will introduce third-party payment options for the first time ever in iOS apps, following South Korean legislation designed to open up the perceived monopolies of Google and Apple’s app stores. The alternative payments will only be available in SouthKorea and follows the announcement of similar changes by Google last November.
According to the company, there is no suitable e-moped model that can meet the required demand in SouthKorea, no supply chain that can sell, repair or resell and no charging stations that offer services to potential e-mopeds users. . Swing has more than 100 employees in SouthKorea and four people in Japan. .
Founded in 2010, Coupang is sometimes described as the Amazon of SouthKorea, but for years it has managed the impressive feat of achieving an even higher dollar retention rate than Amazon, according to a report by Goodwater Capital. ” Former Uber CTO Thuan Pham joins South Korean e-commerce leader Coupang.
“The virtual reality entertainment industry is growing rapidly, and we believe that music and gaming are two of the most promising sectors for future development,” said a spokesperson at CJ ENM. Both companies plan to launch Studio A in SouthKorea and produce immersive VR concerts.
SouthKorea-based human resources management platform flex announced today it has closed a $32 million Series B round at a valuation of $298 million. The latest funding, which brings its total raised to $42 million, was led by Greenoaks , with participation from DST Global Partners. .
Viva Republica, an operator of South Korean finance super app Toss , has finalized a $405 million Series G funding and it says it is now valued at 9.1 SouthKorea’s currency has depreciated against the dollar this year.). Korea Investment & Securities participated in the latest funding as well. billion (8.5
In addition, participating startups get co-working space, will attend weekly classes and have access to four to six mentors who have expertise in various industries, not just in SouthKorea but global regions. . SparkLabs began in Korea to find and help local Korean startups in their seed stage and help them go global.
billion won) in a Series A led by SV Investment, with participation from strategic investor LG Uplus (a telco unit of LG), Korea Investment Partners and Crit Ventures, among others. million and it will be used to continue developing its video platform. The company employs 27 people in SouthKorea. million (10.5
The Epilepsy Foundation of America says that 1 in 26 people in the US will develop epilepsy at some point, with a tenth of people being affected by seizures. TikTok says it’s also been collaborating with epilepsy organizations in Europe, Japan, and SouthKorea who provided feedback on how the company could help make the app safer.
Mycel is in talks with global cosmetic brands to co-develop the mycelium-based leather products as well as cosmetics ingredients, Sah said, adding that it aims to commercialize its mushroom leather in 2023. Mycel is also competing in the alternative protein space with fungi-based food developers like Mycorena and Quorn.
The heated race to develop and deploy new large language models and AI products has seen innovation surgeand revenue soarat companies supporting AI infrastructure. They included trapped-ion specialist Quantinuum and neutral atom-focused startup Atom Computing. in Ehningen, Germany.
As a later-stage company, Bucketplace will use the new injection of funding to accelerate its growth in SouthKorea and enter into new markets, such as Japan, Southeast Asia and the U.S., Bucketplace also claims that OHouse has been downloaded more than 20 million times in SouthKorea. Lee told TechCrunch.
SouthKorea is also taking measures to reduce emissions in the building sector by retrofitting buildings and strengthening ZEB requirements for new buildings through 2030. In the EU, a ZEB requirement is expected to start in January 2030 for all new buildings. Likewise, the U.S. trillion won ($1.3
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