South Korea

South Korea’s BC Card pilots stablecoin payments for foreigners

BC Card finalized a stablecoin payment pilot involving foreign users paying local merchants in South Korea.The pilot converted stablecoins held in overseas wallets into...

South Korea’s Retail Shift: From Crypto to Semiconductor Stocks

South Korea’s crypto trading volume has dropped sharply by about 80% since late 2024.Retail investors have shifted their focus from cryptocurrencies to the Korean...

South Korea May Review Sanctions After US Targets North Korea Crypto Laundering

South Korea may revise its sanctions policy on North Korea after U.S. sanctions linked Pyongyang’s crypto theft to weapons funding.The U.S. Treasury sanctioned eight...

Trump, Xi Meet in South Korea, Discuss Tariffs and Fentanyl Deal

Donald Trump met with China’s President Xi Jinping during a summit in South Korea. The U.S. will remove fentanyl-related tariffs on Chinese goods if China...

Trump, Xi Agree on Rare Earths, Soybeans in South Korea Talks

United States and China reached several agreements on agricultural and energy products, along with efforts to control fentanyl exports. China agreed to resume exports of...

White House Confirms U.S.-South Korea Technology Prosperity Deal

The United States and South Korea have agreed on a Memorandum of Understanding regarding the “U.S.-ROK Technology Prosperity Deal.”President Donald Trump confirmed after a...

Amazon Commits $5B to Build Data Centers in South Korea by 2031

Amazon Web Services will invest $5 billion in new data centers in South Korea by 2031. ...

South Korea Parties Clash Over Stablecoin Bills, Interest Ban Divides

South Korea’s main political parties each introduced proposed laws to regulate stablecoins pegged to the Korean won. The two bills differ mainly on whether to...

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Google removes Earth AI feature after fake satellite image backlash

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Moonshot AI Uses 20,000 Nvidia Chips Leased from Alibaba

Beijing-based AI startup Moonshot is using a cluster of around 20,000 NVIDIA chips leased from backer Alibaba to train...