Author: Seoul Reporter

Kim, a 20-something workplace employee at a telecommunications firm in Seoul, lately started utilizing a fee service powered by facial recognition expertise.She mentioned that though the registration course of was a bit prolonged, as soon as accomplished, it was very handy since she may make funds just by displaying her face, while not having a pockets or smartphone.“I used to be shocked by how briskly it was. It was so fast that I even doubted whether or not the fee had truly gone via,” she mentioned.The development of creating funds with out bodily playing cards is quickly gaining momentum as…

Xpeng founder and Chairman He Xiaopeng introduces the second-generation mannequin of humanoid robotic “Iron” on the 2025 Synthetic Intelligence (AI) Day occasion held at Xpeng headquarters in Guangzhou, China on Nov. 5. (Picture courtesy of Xpeng Motors) Xpeng Motors, dubbed “China’s Tesla,” will start mass manufacturing of modular flying automobiles on a scale of 5,000 items subsequent yr. The corporate additionally unveiled its next-generation flying automobile “A868,” revealing its ambition to preempt the flying automobile market. Xpeng founder and Chairman He Xiaopeng introduced on the 2025 Synthetic Intelligence (AI) Day occasion held at Xpeng headquarters in Guangzhou, China on Nov. 5…

Hana Monetary Group’s Built-in Knowledge Heart at Cheongna Worldwide Metropolis in Incheon (Captured from Seoul Financial Every day TV)  Hana Monetary Group is launching an initiative to safe dominance within the digital monetary market with won-backed stablecoins and synthetic intelligence (AI) as its two important pillars. Whereas Hana Monetary is a latecomer among the many 4 main monetary teams, it goals to shake up the prevailing panorama by taking the lead in digital monetary transformation. Hana Monetary introduced on Nov. 6 that it might pursue a serious transformation with digital belongings and AI as the…

Semiconductor chips are seen on a printed circuit board on this illustration image taken February 17, 2023. REUTERS. China has mandated using Chinese language-made synthetic intelligence (AI) semiconductors in new information facilities that obtain even minimal state funding. This transfer is interpreted as China’s intention to counter america, with which it’s engaged in fierce competitors in superior expertise by elevating AI chip self-sufficiency charges. NVIDIA CEO Jensen Huang issued a warning that the U.S. AI chip embargo measures are merely serving to China turn into the winner within the AI battle. In keeping with a…

A historic milestone for Ok-pop has been achieved. The animated Netflix manufacturing KPop Demon Hunters and BLACKPINK’s Rosé have grow to be the primary Ok-pop acts ever to earn nominations within the Grammy Awards’ prestigious Basic Fields classes — signaling the style’s rising recognition within the international pop panorama.In response to the Recording Academy, Rosé picked up three nominations, together with two Basic Fields — Track of the 12 months and Document of the 12 months — for her viral hit “APT.”In the meantime, the KPop Demon Hunters authentic soundtrack secured 5 nominations, together with Track of the 12 months…

Ramen merchandise are on show at a big grocery store in Seoul. (Captured from SBS) “Ok-food plus exports,” combining exports of Korean agricultural meals merchandise and agricultural trade, elevated 5.7% from January to October, crusing easily towards attaining the best efficiency ever. Consultant Ok-food objects equivalent to on the spot noodles, kimchi, and grapes drove exports by aligning with abroad Korean Wave consumption traits. The federal government goals to realize this 12 months’s goal of $14 billion by strengthening logistics, customs help, and promotional actions by year-end. In line with the “October Ok-food Plus Export…

Caregen collaborating in ‘BIO-Europe 2025’ and assembly with world pharmaceutical firms and funding establishment officers. (Supplied by Caregen) Korean peptide specialist biotech firm Caregen introduced that it efficiently accomplished enterprise conferences with world pharmaceutical firms and funding establishment officers after collaborating as a Platinum Sponsor in ‘BIO-Europe 2025’, Europe’s largest pharmaceutical and bio partnering occasion held in Vienna, Austria from November 3 to five. BIO-Europe is a number one life sciences enterprise platform representing Europe, with this yr’s occasion attracting over 5,000 business leaders from greater than 60 nations. As a Platinum Sponsor, Caregen operated…

Dunamu’s CI (Picture courtesy of Dunamu) The Monetary Intelligence Unit (FIU) underneath the Monetary Providers Fee imposed a superb of 35.2 billion received (roughly $24.27 million) on Dunamu, the operator of the cryptocurrency alternate Upbit, on Nov. 6 for violating buyer verification obligations. In an on-site inspection for anti-money laundering (AML) compliance performed at Dunamu final 12 months, the FIU detected roughly 8.6 million violations of the Act on Reporting and Utilizing Specified Monetary Transaction Info, together with 5.3 million circumstances of violating buyer verification obligations, round 3.3 million circumstances of violating transaction restriction obligations,…

Celltrion’s head workplace in Songdo, Incheon (Photograph courtesy of Celltrion) Celltrion has disclosed expanded preclinical outcomes on the anticancer efficacy of its antibody-drug conjugate (ADC) new drug candidates on the World ADC convention, which was held in San Diego, United States, via Nov. 6 (native time). On the third day of the occasion, Nov. 5, the corporate introduced for the primary time, in poster kind, the analysis outcomes for its independently developed new drug candidates “CT-P70” and “CT-P71.” The World ADC is the world’s most prestigious ADC convention, the place greater than 1,400 consultants and trade…

The KOSPI index closed at 4,026.45 on Nov. 6, up 22.03 factors from the previous session. (Captured from Channel A Information) Amid a steep market decline triggered by considerations over synthetic intelligence (AI) inventory valuations on Nov. 5, investor deposits within the South Korean inventory market elevated by greater than 1 trillion gained (roughly $688.9 million) in a single day, hitting an all-time excessive. In the meantime, short-selling transaction worth additionally reached its highest degree in two years and three months. In line with the Korea Monetary Funding Affiliation on Nov. 6, investor deposits totaled…