South Korea Stories

South Korean banks call for crypto regulation and virtual asset business law

South Korea hosted "The National Assembly Seminar for the Virtual Asset Business Law" in Seoul in September 2020. This conference was a congregation of...

South Korea enters CBDC race, plans to launch pilot testing programme in 2021

The Bank of Korea (BoK) is reportedly close to announcing the pilot testing plans for its CBDC, the Digital Won. The bank has been...

Korean Fintech Kakao Pay all set for public offering

Kakao Pay, the fintech payments arm of Kakao Corp., is all set for its IPO on the Korean stock market soon. The actual public...

Chinese EV battery maker CATL faces criticism after three GAC electric cars ignite fires

China has seen a string of electric vehicles (EV) catching fire in its streets in recent months. Three prominent instances come to mind -...

Quantum Technology based Banking Security enters in South Korean Market

SK Technologies announced the first quantum security-based financial services on 5G smartphones on August 20, 2020. The company plans to employ this technology to DGB...

EV sales surge in South Korea, Hyundai and Kia planning to catch up with Tesla

South Korea formed the latest feeding ground for EV-makers across the world, as Tesla, Audi, and Mercedes-Benz saw significant sales numbers in the country....

Tesla sees competition in South Korea with launch of Audi’s all-electric SUV

Audi launched its first all-electric SUV, the E-Tron 55 Quattro, in South Korea on July 1, and it saw huge success in its first...

Tesla Model 3 success prompts Hyundai to move to electric engines

Tesla Motors seems to be making a strong impression on its Korean consumers, dominating not just the electric vehicle (EV) market, but also the...

LG Chem claims top spot in global EV battery usage, beats CATL and Panasonic

LG Chem of South Korea was reported to be the largest used electric vehicle battery in the world for January-June 2020. Reports published by...

Tesla launches subscription-based ‘Premium Connectivity’ service in South Korea

Tesla proved its mettle yet again by expanding the ‘Premium Connectivity’ feature in South Korea. This is a subscription-based service that allows Tesla users...

Tesla achieves more than 1500% year-on-year sale in South Korea

Tesla is progressively moving ahead in its growth scale chart, especially in the South Korean electric car market. The globally acclaimed EV manufacturer in...

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