Moncler Korea Fined Over Customer Data Breach Moncler, the luxury fashion brand known for its iconic down jackets, has recently found itself in hot water as its South Korean division faced consequences for a serious breach of customer data. The company’s Korean arm was targeted by hackers who managed to infiltrate its servers using sophisticated […]
South Korea to grant crypto firms venture company status
South Korea Grants Crypto Firms Venture Company Status South Korea has taken a significant step towards fostering innovation and growth in the cryptocurrency sector. The Ministry of SMEs and Startups recently announced the removal of restrictions on crypto trading and brokerage businesses, paving the way for these firms to receive venture company status. This move […]
South Korea’s Depressed Art Market Puts a Damper on Frieze Seoul
South Korea’s Depressed Art Market Puts a Damper on Frieze Seoul South Korea’s art scene has long been known for its vibrancy and innovation, attracting artists and collectors from around the world. However, recent data suggests that the country’s art market is currently facing some challenges, casting a shadow over events like Frieze Seoul. Frieze […]
KKR Buys South Korea’s Samhwa in $528 Million Deal
KKR Buys South Korea’s Samhwa in $528 Million Deal In a strategic move that underscores the growing prominence of South Korea’s cosmetics industry on the global stage, KKR, a leading global investment firm, has recently acquired Samhwa Paints Industrial Co. in a deal worth $528 million. This acquisition not only signifies KKR’s confidence in Samhwa’s […]
South Korea to sharply increase spending to power AI-based growth
South Korea to Boost AI Spending for Economic Growth In a bid to stimulate economic growth and foster innovation, South Korea is set to significantly increase its spending on artificial intelligence (AI). With the country’s economy facing pressure, the government in Seoul has put forth a bold proposal to allocate a substantial budget of 728 […]
South Korea unveils five-year AI blueprint for ‘super-innovation economy’
South Korea’s Ambitious Plan: Investing $71 Billion in AI to Foster ‘Super-Innovation Economy’ South Korea, known for its technological advancements and innovative strategies, is set to embark on a transformative journey towards establishing a ‘super-innovation economy’ powered by artificial intelligence (AI). The East Asian nation has recently unveiled an ambitious five-year blueprint that outlines a […]
Video: South Korea unveils all-muscle humanoid robot with human-level control
Video: South Korea Unveils All-Muscle Humanoid Robot with Human-Level Control South Korean robotics giant WIRobotics has unveiled ALLEX, its first general-purpose humanoid robot, at the forefront of innovation in robotics technology. ALLEX represents a significant leap forward in the field of robotics, boasting an all-muscle design that enables human-level control and movement precision. One of […]
KKR-Backed Korea Fashion Retailer Musinsa Considering IPO
KKR-Backed Korea Fashion Retailer Musinsa Considering IPO Musinsa, the South Korean fashion retailer backed by private equity firm KKR, is making waves in the business world with considerations of going public through an initial public offering (IPO). While specific details of the IPO have not been disclosed by Musinsa, local media outlets have hinted at […]
South Korea unveils megagrowth plan with AI expressway and energy reform
South Korea’s Bold Move: AI Expressway and Energy Reform to Drive Megagrowth South Korea is setting the stage for a groundbreaking transformation with President Lee’s administration unveiling an ambitious plan to propel the country’s growth to new heights. At the core of this strategy lies the introduction of an ‘AI expressway’, a pioneering initiative that […]
Thailand ends 9-month outflow streak as Asia stocks rally
Thailand Ends 9-Month Outflow Streak as Asia Stocks Rally After a challenging period of nine months marked by continuous outflows, Thailand is finally seeing a positive shift in its stock market as foreign investors return to Asian stocks. This change in momentum comes as part of a broader trend across the region, with countries like […]