Posts about "South Korea"

Ethereum's potential trajectory has become a topic of division among analysts, even as South Korean retail investors show strong interest by channeling significant funds into treasury companies. This surge in investment activity raises questions about the cryptocurrency's stability and future in a fluctuating market.

In a significant move to bolster its fintech capabilities, Naver Financial plans to acquire Dunamu, the operator of the cryptocurrency exchange Upbit. This acquisition is aimed at launching a stablecoin tied to the South Korean won, furthering Naver's expansion ambitions.

Following the implementation of a new regulatory framework, South Korea's National Pension Service (NPS) is evaluating opportunities to invest in digital assets. This move reflects a significant shift in investment strategies for the NPS as it seeks to diversify its portfolio and capitalize on the growing digital economy.

The South Korean government has unveiled an ambitious ₩530 billion initiative to foster AI sovereignty by enhancing local foundational AI models through substantial funding from the Ministry of Science and ICT. Five local companies, including LG AI Research and SK Telecom, have been chosen to reduce reliance on foreign AI technologies and ensure greater control over data.

In a bold move to assert itself as a leader in artificial intelligence, South Korea is leveraging its major tech firms to develop proprietary AI models. Companies such as LG and SK Telecom are at the forefront of this initiative, challenging giants like OpenAI and Google. This effort is seen as an assertive step towards technological self-sufficiency and global competitiveness.