Uber CEO says growth in South Korea promising despite underdog status
By Joyce Lee SEOUL (Reuters) – Uber Technologies Inc’s CEO on Friday expressed commitment to the South Korean market, where it is an underdog to local tech group Kakao, and…
South Korea to ask Telegram, other social media firms to help tackle digital sex crimes
By Hyunsu Yim SEOUL (Reuters) – South Korean authorities called on Telegram and other social media platforms on Wednesday to work together with them in deleting and blocking sexually explicit…
South Korean AI chip makers Rebellions and Sapeon agree to merge
By Joyce Lee SEOUL (Reuters) – South Korean artificial-intelligence chip makers Rebellions Inc and Sapeon Korea Inc have signed a definitive merger agreement, the privately held companies said on Sunday.…
Reasons behind the fall of the biggest e-commerce companies in South Korea
Two big e-commerce platforms in South Korea have experienced serious downturns in their liquidity in the past few weeks, delaying their payments to vendors or refunds for customers’ undelivered orders.…
South Korea to support vendors hit by Qoo10 payment delays, founder pledges compensation
By Jihoon Lee and Joyce Lee SEOUL (Reuters) – South Korea will provide $400 million in financial support to small businesses hit by payment delays on two Qoo10 e-commerce platforms…
Founder of South Korea’s Kakao arrested for suspected stock manipulation
By Joyce Lee SEOUL (Reuters) – The billionaire founder of South Korean tech giant Kakao Corp, Kim Beom-su was arrested on Tuesday on accusations of manipulating stocks during the acquisition…
South Korea’s SK On in talks to supply prismatic EV batteries as it seeks turnaround
By Heekyong Yang SEOUL (Reuters) – South Korean EV battery maker SK On is in talks with automakers to supply prismatic batteries, expanding from its existing pouch-type batteries, a senior…
Hedge funds turn to South Korea for next wave in AI
By Summer Zhen HONG KONG (Reuters) – Hedge funds hunting for artificial intelligence-related stock market bargains are rushing into South Korea‘s chipmakers, betting a new wave of demand for high-end…
Samsung workers’ union in South Korea kicks off three-day strike
By Heekyong Yang HWASEONG, South Korea (Reuters) – Samsung Electronics workers in South Korea began a three-day strike for better pay on Monday, with their union flagging further action against…
South Korea’s SK Hynix to invest $75 billion by 2028 in AI, chips
By Hyunsu Yim SEOUL (Reuters) – South Korea’s SK Hynix, the world no.2 memory chip maker, will invest 103 trillion won ($74.6 billion) through 2028 to strengthen its chips business,…