The Verge

SEPTEMBER 14, 2021

billion won (around $177 million) in South Korea 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 South Korea. Google has been fined 207.4

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Fast Company Tech

MARCH 31, 2025

According to a 2021 report on plastics in agriculture by the United Nations Food and Agriculture Organization, soils are one of the main receptors of agricultural plastics. This past winter, leaders from around the world gathered in South Korea to produce the first legally binding global treaty on plastics pollution.

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The Verge

FEBRUARY 12, 2021

Microsoft, Google, and Qualcomm have been raising concerns to regulators about Nvidia’s Arm acquisition , according to reports by CNBC and Bloomberg. Qualcomm has had to pay several fines in the hundreds of millions and sometimes billions of dollars to authorities in China , South Korea , and the EU for anti-competitive licensing policies.

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TechNode

FEBRUARY 6, 2025

According to a report by Bloomberg on Wednesday, South Korea 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.

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The Verge

APRIL 21, 2021

Hyundai is discontinuing its first mass-market electric SUV, the Kona EV, in South Korea following a massive recall due to a fire risk in the battery pack, the Yonhap news agency reports.

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TechNode

JULY 9, 2024

Chinese electric vehicle maker Zeekr is looking to enter South Korea by 2026, with plans to open showrooms in Seoul and the nearby province of Gyeonggi by next year, parent company Geely said last week in response to questions from Bloomberg. Bloomberg , TechNode reporting ]

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TechSpot

DECEMBER 15, 2023

According to a report out of South Korea (via NotebookCheck), Samsung is planning to launch its 'Galaxy Glass' mixed reality headset during the first half of next year to compete with the Vision Pro. While it was originally scheduled to hit the market at the end of 2024, the company. Read Entire Article

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TechNode

AUGUST 23, 2023

BYD is aiming to establish an electric vehicle battery plant in South Korea, with local manufacturer KG Mobilitys assistance, to commence volume production by January 2025, as reported by Reuters on Wednesday. An individual familiar with the matter provided this information.

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TechSpot

OCTOBER 14, 2020

As reported by Gematsu today, something called the "Mass Effect Legendary Edition" has been officially rated in Korea. Today, though, the evidence has become much more substantial.

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TechNode

JANUARY 17, 2025

TSMC will not form any partnership with Samsung to mass-produce its new flagship Exynos series chips, according to South Korea-based tech blogger @Jukanlosreve on X and reported by Chinese media outlet Icsmart. Previous reports had suggested Samsung was considering outsourcing the Exynos chips to TSMC.

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TechCrunch

OCTOBER 7, 2021

Riiid , a South Korea-headquartered AI-powered edtech company, acquired its Japanese distribution partner Langoo to expand its Japan footprint. . million users downloaded the Riiid Tutor app in South Korea and Japan. year on year, based on a report by Yano Research Institute. . Riiid claims that more than 2.5

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TechSpot

SEPTEMBER 3, 2024

According to a new report by Nikkei Asia, China is now outspending South Korea, Taiwan, and the US combined on chipmaking. China spent $25 billion on chip manufacturing tools in the first six months of 2024 and plans to spend an additional $25 billion by the end of the year. Read Entire Article

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TechCrunch

JULY 5, 2022

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 South Korea. . billion in 2021, per the AI chip market outlook report. . “AI billion by 2030, up from $8.02

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The Verge

AUGUST 31, 2021

South Korea 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 South Korea revenue.

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TechSpot

JANUARY 27, 2025

Nikkei reports that the company intends to expand its operations in key markets, including the United States, Japan, and South Korea, where major chipmakers. Fujifilm Holdings has announced an ambitious plan to invest approximately 100 billion ($640.5 Read Entire Article

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TechCrunch

MARCH 10, 2021

Founded in 2010, Coupang is sometimes described as the Amazon of South Korea, 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. The company disclosed earlier this month that it is seeking up to $3.6

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TechCrunch

MARCH 30, 2023

Indeed, 900,000 farmers currently use the app in South Korea, and that figure has tripled in the past 12 months since its launch in 2021, Shin said. Green Labs, which raked in $140 million in a Series C in January 2022, ran out of money as it overstretched its expansion, TechCrunch reported last month.

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TechCrunch

DECEMBER 9, 2020

Demand for contactless payments and e-commerce has grown in South Korea during the COVID-19 pandemic. Last month, the Bank of Korea, South Korea’s central bank, released a report showing that contactless payments increased 17% year-over-year since the start of COVID-19.

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The Verge

OCTOBER 19, 2020

The 65-inch LG Signature OLED R is now available at seven consumer electronics store throughout South Korea and will cost 100 million won, or more than $87,000. LG Display first showed off a rollable TV prototype at CES 2018, and Bloomberg later reported that the display would make its way into a shipping product the next year.

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The Verge

JULY 24, 2020

The new plant, located in Guangzhou, China, has the capacity to initially produce 60,000 OLED sheets a month, which combined with LG’s existing plant in Paju, South Korea means that LG Display’s total OLED production capacity has almost doubled to 130,000 sheets monthly.

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The Verge

AUGUST 11, 2020

Unlike some of its competitors, Hyundai receiving financial support from the government of South Korea to boost its efforts in both autonomous and electric vehicle development. South Korea reportedly plans to spend 1.7 Hyundai along with Kia Motors will collectively contribute $1.6 trillion won ($1.4

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TechCrunch

MARCH 2, 2023

According to a recent report , 92.4% In addition, South Korean corporations, including LG Uplus, Korean cosmetics brands maker AmorePacific and MLB Korea use Indent’s services, Yoon said. Indent claims it has more than 12 million registered users , accounting for about 60% of total online shoppers in South Korea.

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TechNode

FEBRUARY 10, 2025

Chinese e-commerce giant PDD’s cross-border platform Temu is reportedly preparing to enter the South Korean market, according to Yonhap News Agency. Temu has been hiring South Korean employees for key roles in human resources, general affairs, marketing, and logistics since late last year, according to the report.

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TechCrunch

DECEMBER 1, 2021

South Korea-based peer-to-peer (P2P) lending platform PeopleFund announced today it has closed a $63.4 South Korea has passed the first law in the world dedicated to digital lending, ‘The Marketplace Lending Act’, in August 2020 to regulate marketplace lenders, protecting P2P consumers. million (75.9 PeopleFund.

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The Verge

NOVEMBER 1, 2021

The early years of The Verge saw Samsung, and to a lesser extent LG, snap up huge swaths of the global Android market, which often gave me cause to hop on over to South Korea. Fortunately, I still had things to do. I’d visit Computex every year as Taiwan’s influence continued to grow in the PC industry.

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TechCrunch

MAY 10, 2022

South Korean startup Seadronix wants to reduce the issue of marine accidents, 75% of which are caused by human error, according to a 2019 Allianz safety and shipping report. The company just secured a $5.8 Image Credits: Seadronix.

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TechCrunch

DECEMBER 19, 2022

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 South Korea’s currency has depreciated against the dollar this year.). South Korea’s BNPL Gross Merchandise Value (GMV) is projected to grow by about $36.6

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The Verge

JANUARY 11, 2022

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 South Korea and follows the announcement of similar changes by Google last November.

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TechCrunch

JANUARY 6, 2022

According to media reports, SOCAR’s estimated valuation is to be $2.5 The competition of the mobility platform industry in South Korea has intensified as local car-hailing companies such as Kakao Mobility and TMAP Mobility actively expand their business in the country with ambitions to become the mobility super app.

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The Verge

OCTOBER 7, 2020

update, which incorporates Android 11’s new features alongside some Samsung-specific improvements, has started rolling out in public beta in the US, SamMobile reports. The update also includes Android’s latest security patch from October 2020, SamMobile reports. Samsung’s One UI 3.0 Samsung’s One UI 3.0

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TechCrunch

NOVEMBER 21, 2022

Mom-and-pop stores and franchises — mostly offline — account for about 95% of the laundry market in South Korea, according to Laundrygo CEO Sung-woo Cho. But his South Korea–headquartered startup aims to digitize the laundry industry in the country. billion in 2019, per a research report. billion won ($3.3

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TechCrunch

AUGUST 15, 2022

The Seoul-headquartered startup will use this new funding to open a production plant in South Korea for scaling the manufacture of its fungal-based biomaterials and double its headcount to 42 employees, Sah said in an interview with TechCrunch. Mycel isn’t the only company using mycelium to make leather. billion by 2026.

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TechCrunch

MAY 8, 2022

South Korean startup Bucketplace , which operates a home decorating and interior app OHouse, is looking to continue capitalizing on that trend with its most recent $182 million Series D round, the startup’s co-founder and CEO Jay Lee said on Monday in an interview with TechCrunch. Lee told TechCrunch. billion ( 2 trillion KRW).

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TechNode

FEBRUARY 14, 2025

The two companies will likely announce the expansion of their partnership later this month, which would also see Geely taking a minority stake in Renault Brazil, the report said. Reuters ]

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TechCrunch

AUGUST 29, 2021

million in 2017 and its first Series B round in April 2020, from backers that included South Korea-based Shinsegae Information & Communication, Woomi Construction, SL Investment, KDB Capital, Shinhan Capital, Enlight Ventures, CKD Venture Capital, and Breeze Investment, Ha said. billion in 2021, based on Strategy Analytics’ report.

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TechCrunch

OCTOBER 11, 2021

Fount , a robo-advisor startup in South Korea, has raised a $33.4 Returning backers Smilegate Investment, KT Investment, Shinhan Capital and Korea Development Bank also participated. year on year, based on a local media report. trillion in 2021, based on its statement citing Statista report. of millennials. .

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TechNode

AUGUST 20, 2024

Luckin Coffee is planning an expansion plan in the fourth quarter with eyes mainly on Southeast Asian and American markets, media outlet LatePost reported on Monday, more than a year after the Chinese coffee chain opened its first international location in Singapore. LatePost, in Chinese ]

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