In an ambitious move aimed at fostering advanced urban development, South Korean tech giant Naver Corporation has joined forces with Saudi Arabia’s National Housing Company to establish a joint venture focused on digital twin technology. This collaboration is set to play a crucial role in enhancing smart city initiatives and revolutionizing urban planning in the […]
Tech Entrepreneur Sentenced for Bitcoin Theft
Ilya Lichtenstein, a New York tech entrepreneur, has received a five-year prison sentence for laundering stolen cryptocurrency from Bitfinex, one of the world’s largest cryptocurrency exchanges. The case highlights significant issues surrounding cybersecurity and cryptocurrency theft, raising questions about regulatory measures and the responsibilities of cryptocurrency platforms. In 2016, Lichtenstein was involved in a sophisticated […]
New Visa-Affirm Collaboration Aims to Streamline Payments
Visa, a global leader in payment solutions, has recently announced a significant partnership with the fintech company Affirm. This collaboration aims to introduce an innovative card that combines the convenience of debit transactions with the flexibility of buy now, pay later (BNPL) options. As consumer expectations evolve, this partnership reflects a broader trend towards more […]
South Korea's Chip Industry Faces Rising International Pressures
South Korea’s semiconductor industry, a pivotal pillar of its economy, is currently experiencing a tumultuous period characterized by escalating international pressures. President Yoon Suk Yeol has publicly expressed his concerns regarding potential tariff threats from the incoming United States administration, particularly under President Trump. These threats could undercut the export prices of South Korean chip […]
Klarna’s Bold Move: Filing for a US IPO Amid Industry Challenges
In a significant development within the financial technology sector, Swedish payment firm Klarna has officially filed for an initial public offering (IPO) in the United States. This decision concludes months of speculation surrounding the company’s plans for a stock market listing and stifles earlier hopes of a European IPO. By confidentially submitting a draft registration […]
South Korea Tests CBDC for Digital Financial Services
South Korea is taking significant steps towards a digital financial future with the recent approval of a pilot program for a Central Bank Digital Currency (CBDC). This initiative, backed by the Financial Services Commission and in collaboration with the Bank of Korea and the Ministry of Science and ICT, aims to enhance the convenience of […]