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Asia

The Korea Times

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Tech

Sat, June 3, 2023 | 07:18

Crypto exchanges Upbit, Bithumb raided over opposition lawmaker's cryptocurrency scandal

Crypto exchanges Upbit, Bithumb raided over opposition lawmaker's cryptocurrency scandal

Prosecutors raided two of South Korea's local cryptocurrency exchanges Monday as part of an investigation into the snowballing suspicions surrounding opposition lawmaker Kim Nam-kuk's digital assets, officials said.

2023-05-15 21:55

Samsung to collaborate with Bank of Korea on CBDC

Samsung to collaborate with Bank of Korea on CBDC

Samsung Electronics will conduct joint research with the Bank of Korea (BOK) to develop an ecosystem for a central bank digital currency (CBDC), according to the company, Monday. The two sides signed a memorandum of understanding that day at Samsung's headquarters in Suwon, Gyeonggi Province. CBDC is a central bank-issued digital currency and many countries are preparing to l...

2023-05-15 16:43

Italy's antitrust watchdog probes Apple over competition in app market

Italy's antitrust watchdog probes Apple over competition in app market

Italy's antitrust authority is probing allegations that Apple is abusing its dominant position in the app market, thwarting competition, officials said Thursday.The authority alleges that Apple's privacy policy for third-party developers is more restrictive than the one applied to its own apps, using language that discourages tracking.

2023-05-11 20:10

Korea urged to dive deeper into space industry, beef up partnership with US: experts

Korea urged to dive deeper into space industry, beef up partnership with US: experts

Amid growing interest in space following the success of the Nuri launch vehicle and the Danuri lunar orbiter, experts said Wednesday that the space industry will be one of the major drivers of Korea's industrial development in the future. While President Yoon Suk Yeol's state visit to the United States last month led to a decision to strengthen cooperation with Washington in ...

2023-05-11 16:21

[INTERVIEW] OLED displays: another axis in S. Korea-US alliance

INTERVIEWOLED displays: another axis in S. Korea-US alliance

The core of today's high-profile contest between the United States and China is Washington's aim of trying to curb Beijing's steady growth in chip-related areas. Especially in artificial intelligence, quantum technology, nanotechnology, quantum computing and data science.

2023-05-11 08:04

Desire to use AI outweighs job insecurity fears: Microsoft

Desire to use AI outweighs job insecurity fears: Microsoft

Many people are worrying that artificial intelligence (AI) will lead to job insecurity, but at the same time, they also want to hand over as much work as possible to AI so as to reduce their workloads, Microsoft Korea said Wednesday.

2023-05-10 16:04

Korea needs to diversify chips portfolio to address industry cycle: KDI

Korea needs to diversify chips portfolio to address industry cycle: KDI

Korea needs to diversify its chip portfolio as its heavy dependence on memory chips has made the country more vulnerable to the industry's cycle, a state-run think tank said Wednesday.

2023-05-10 13:57

6G era kicks off in Incheon with personal aerial vehicle tests over western islands

6G era kicks off in Incheon with personal aerial vehicle tests over western islands

Korea's westernmost islands of Ongjin County in Incheon have become a test bed for the country's first 6G-based personal aerial vehicles (PAV), making the city a front-runner in the future technology.

2023-05-10 08:24

Korea, Saudi Arabia sign MOUs for mobility, road projects

Korea, Saudi Arabia sign MOUs for mobility, road projects

Korea and Saudi Arabia signed two initial agreements on Tuesday for future mobility and roads, the transport ministry said, in the latest move to boost cooperation between the two countries.

2023-05-09 20:34

Korea to offer tax benefits on investment in EV sector

Korea to offer tax benefits on investment in EV sector

Korea's finance ministry said Tuesday the government will expand support on the electric vehicle (EV) sector under a new tax code that centers on lending hands to strategic industries amid ailing exports and economic uncertainties.

2023-05-09 15:27

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