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Digital Finance

KakaoBank’s IPO Draws Record-Breaking Bids Amid Valuation Talks

July 24, 2021

E-commerce

Naver Beefs Up Online-Offline Commerce with Shinsegae Collaboration

July 24, 2021

Yanolja Cloud partnered with VNTravel to accelerate the digital transformation of Vietnam’s travel and leisure sector using cloud-based and SaaS solutions.

New Yanolja Unit Offers Digital Travel Tech With Vietnam’s VNTravel

by Hayoon Kim

July 22, 2021

Yanolja Cloud, a South Korean travel technology provider, formed a strategic collaboration with VNTravel, the leading travel company in Vietnam....

Hyundai Mobis presented M.Brain, the world’s first in-vehicle brainwave measuring healthcare technology, reducing drowsiness-caused vehicular accidents.

Hyundai Mobis Unveils World’s 1st In-Vehicle Brainwave Tech M.Brain

by Siwoo Jung

July 22, 2021

Hyundai Mobis, South Korea’s leading automotive parts supplier, announced that it succeeded in developing M.Brain after three years of research...

Bank of Korea selected Kakao’s Ground X, a blockchain tech firm, as its preferred bidder for the central bank digital currency program, aiming to digitalize financial services.

Kakao’s Ground X Joins Bank of Korea’s Digital Currency Project

by Martin

July 21, 2021

South Korea’s central bank, the Bank of Korea (BOK), officially selected Ground X, Kakao Corp.’s blockchain technology subsidiary, as a...

South Korea’s Digital New Deal provided extensive support to local technology startups, enabling them to expand their presence throughout overseas markets.

Korea’s Digital New Deal Sends Startups Across Global Stages

by KoreaTechToday Editor

July 21, 2021

In line with the Digital New Deal, South Korea’s Ministry of Science and ICT (MSIT) has proactively pursued investment strategies...

KAI formed a strategic alliance with SpaceX to launch the mid-sized next-generation No.4 satellite to actively monitor South Korea’s agricultural state.

KAI Partners with SpaceX to Launch Next-Gen No.4 Satellite Projectile

by Minseo Park

July 20, 2021

Korea Aerospace Industries (KAI), the only aircraft manufacturer in South Korea, formed a strategic alliance with Space Exploration Technologies Corp....

Samsung unveiled the latest model of the 1000-inch "The Wall", its next-gen modular display, offering cutting-edge features and a dynamic display platform. / photo courtesy of Samsung Electronics

Samsung Reimagines Display Tech with New 1,000-Inch ‘The Wall’

by Hayoon Kim

July 20, 2021

Samsung Electronics Co., one of the world’s largest TV manufacturers, officially unveiled the 2021 version of ‘The Wall,’ a next-generation...

South Korea shared its plans to boost space exploration-related investments to enhance national defense and earn a leading commercial space industry position.

Korea Strengthens National Defense with Space Exploration

by Siwoo Jung

July 19, 2021

South Korea’s Ministry of Science and ICT (MSIT) announced that it would expand its space exploration programs for enhancing national...

LG revealed its plans to apply 100% renewable energy to its domestic and overseas operations by 2050 in addition to its 2030 carbon neutrality goal.

LG Ensures Sustainability with 100% Renewable Energy Goal by 2050

by Martin

July 19, 2021

LG Electronics announced that it plans to comprehensively adopt renewable energy sources for its domestic and international operations by 2050....

KT partners with Samsung to introduce Korea’s first-ever commercial 5G Standalone (5G SA) network service using highly advanced RAN and vCore technologies.

KT, Samsung Offers First Commercial 5G SA Network in Korea

by KoreaTechToday Editor

July 16, 2021

KT Corp. and Samsung Electronics officially launched the first-ever commercial 5G Standalone (SA) network service in South Korea. Thanks to...

Yanolja, South Korea’s leading travel app, acquired $1.7 billion from the Softbank Vision Fund 2, increasing its travel and hospitality sector leadership.

Yanolja Leads Travel Sector Digitalization with $1.7B Softbank Funding

by Minseo Park

July 16, 2021

Yanolja Co., an industry-leading travel and hospitality platform and the only ‘unicorn’ among travel agencies in South Korea, received 2...

LG Chem shared its plans to cultivate new growth engines, including battery materials and life sciences, promoting value and sustainability.

LG Chem Delves Into Biomaterials, E-Mobility, And Innovative Drugs

by Hayoon Kim

July 15, 2021

LG Chem, South Korea’s largest chemical manufacturer, would invest 10 trillion won ($8.7 billion) through 2025 to expand its existing...

SK Telecom unveiled Ifland, a new 5G metaverse social networking platform, providing convenient and seamless VR interaction. / photo courtesy of SK Telecom

SKT Popularizes Social VR with Ifland Metaverse Platform

by Siwoo Jung

July 15, 2021

SK Telecom Co., one of the pioneers of the fast-growing South Korean metaverse market, officially launched Ifland, a new metaverse...

LG Innotek shared its ESG company accomplishments, including increasing green management tasks, providing employee support, and assisting shareholders. / photo courtesy of LG Innotek

LG Innotek Reorganizes ESG Efforts Amid Reduced Emissions

by Martin

July 14, 2021

LG Innotek, one of the leading South Korean electronic component manufacturers, shared its ESG-related accomplishments in the 2020-21 Sustainability Report....

Woowa Brothers launched the Dilly Tower, its autonomous food delivery robot, promoting contactless services and self-driving delivery technologies. / photo courtesy of Woowa Brothers

Woowa Brothers Fosters Contactless Era with Indoor Robot Deliveries

by KoreaTechToday Editor

July 14, 2021

Woowa Brothers Corp., a leading South Korean delivery app operator, announced that it had deployed a last-mile indoor robot providing...

Market researcher Moody’s announced traditional South Korean banks to provide more services similar to online banking platforms to boost market standing.

Traditional Korean Banks to Catch Up to KakaoBank Digital Bank Success

by Minseo Park

July 13, 2021

Numerous industry-leading traditional South Korean banks, including Hana, KB Kookmin, Shinhan, and Woori, plan to boost their online platforms. Moody’s...