PYMNTS-MonitorEdge-May-2024

Korea

Lenovo Bets on AI as South Korea Grants Banks Access to Cloud Computing 
Lenovo Bets on AI as South Korea Grants Banks Access to Cloud Computing 
August 22, 2024  |  artificial intelligence

Artificial intelligence (AI) is driving seismic shifts across the tech and financial landscapes, with Lenovo reporting strong quarterly results due to its AI focus and...

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Korean FinTech and Investment App Toss Raises $405M
Korean FinTech and Investment App Toss Raises $405M
December 21, 2022  |  Investments

South Korean investment app Toss has raised $405 million in a Series G funding round. The round lifts the company’s valuation to a reported 9.1...

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Korean Regulators to Probe Stablecoin, Money Laundering Link
Korean Regulators to Probe Stablecoin, Money Laundering Link
October 24, 2022  |  AML

In a bid to stop money launderers, South Korea’s Financial Services Commission (FSC) is planning a probe into the amount of stablecoins being used on...

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South Korea’s Crypto ‘Kimchi Premium’ Suspected in $3.4B FX Investigation
South Korea’s Crypto ‘Kimchi Premium’ Suspected in $3.4B FX Investigation
July 28, 2022  |  Cryptocurrency

When people talk about illicit Korean cryptocurrency transactions, people tend to think of North Korean hackers stealing billions in bitcoin to fund the country’s nuclear...

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Today in The Connected Economy: Apple Wants Drivers Paying For Gas With CarPlay
Today in The Connected Economy: Apple Wants Drivers Paying For Gas With CarPlay
June 30, 2022  |  Connected Economy

Today in the connected economy, Apple is set to debut a new version of its CarPlay technology that lets drivers buy gas right from their...

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Google Sues South Korea’s Regulator to Reverse Antitrust Fine
Google Sues South Korea’s Regulator to Reverse Antitrust Fine
February 11, 2022  |  ANTITRUST

Google is asking a judge to reverse the fine it received last year from South Korea’s competition regulator after the tech giant tried to force...

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Shares of Korea’s Kakao Jump After Three Execs Quit
Shares of Korea’s Kakao Jump After Three Execs Quit
January 21, 2022  |  Personnel

Shares of the Korean FinTech giant KakaoPay saw their biggest rise in two months after the company’s top three executives resigned at the same time...

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Korean eGrocer Kurly Expects $2.5B in GMV
Korean eGrocer Kurly Expects $2.5B in GMV
January 18, 2022  |  International

As it prepares to go public, the South Korean eGrocer Kurly expects to reach $2.5 billion in gross merchandise value (GMV) after crossing the $1.6...

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LG Adds More Unmanned Retail Shops to Meet Contactless Shopping Desires
LG Adds More Unmanned Retail Shops to Meet Contactless Shopping Desires
December 29, 2021  |  Retail

LG Electronics is expanding the number of its unstaffed retail stores from the original nine, which opened in May, to 19 as of Wednesday (Dec....

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