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Finance
Cross ENF, KB Kookmin Card cooperate on daily finance services for foreign residents
Fintech startup Cross ENF will work with KB Kookmin Card to build daily financial services aimed at improving financial access for foreigners living in South Korea. Cross ENF said on Aug. 11 it signed a partnership with KB Kookmin Card to lay the groundwork for such services. The two companies plan to expand access to tailored services, identify benefits for foreign residents and link digital-based daily finance infrastructure.
Industry
LG Electronics secures in-house certification for European security rules to cut development time
LG Electronics said it will cut the time from product development to launch by strengthening its ability to respond to European security regulations. Its software-accredited testing lab under the CTO recently obtained designated test laboratory status from global certification body TUV Rheinland for the EU Radio Equipment Directive's cybersecurity rules. The company can now conduct certification tests in-house, avoiding overseas shipment of prototypes and reducing time and costs, while lowering the risk of information leakage.
Industry
Science ministry launches self-driving lab industry-academia-research council to build K-Moonshot foundation
South Korea's Ministry of Science and ICT said it will hold a launch ceremony on Aug. 11 in Seoul for an industry-academia-research council on self-driving laboratories. The ministry described self-driving labs as platforms that link equipment, robots and AI to automate repeated experiments around the clock. The government sees them as a core foundation for K-Moonshot and plans to build a closed-loop system spanning hypothesis, experiment, analysis and revised hypotheses.
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Crypto
XRP slides after two down quarters, can Q3 rebound pattern return
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Crypto
Vitalik Buterin changes Ethereum roadmap priorities, raises focus on quantum resistance
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Crypto
Bitcoin rebound stalls as Peter Brandt says he would bet on decline
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Crypto
Bitwise CIO says bitcoin unfazed by bad news, expects year-end rally
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Crypto
XRP faces worst week among major cryptos as Clarity bill delay tests $1 level
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Crypto
Mara cuts bitcoin holdings by 34 percent, steps up shift to AI data centres
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Finance
KakaoBank expands interest support for small merchants nationwide, to supply 1.2 trillion won in guaranteed loans
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Finance
Korea Credit Data says foreign-issued card sales up 9.6 times in 3 and a half years
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Fintech
Techfin Ratings, MainBiz Association partner to boost competitiveness in corporate credit ratings
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Crypto
Whale accumulates 6,494 bitcoin in 3 weeks, moves $423 million to Binance-linked address
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Crypto
Strive buys 147 more bitcoin, ranks 7th among corporate holders
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Crypto
U.S. crypto market structure Clarity Act has 25 percent chance of passage, TD Cowen says
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Crypto
Bitcoin hits August high overnight as focus turns to U.S. CPI and PPI this week
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Crypto
Bitcoin active addresses return to 2018-2019 bear market levels, raising bottom-signal question
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AI & Enterprise
Korean police warn of Gunra ransomware spread, issue joint South Korea-U.S. cybersecurity advisory