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Finance
Big Tech expands territory beyond payments into financial infrastructure
Fintech and Big Tech firms are expanding financial services beyond payments and transfers into identity verification, offline payments, venture capital and corporate finance. Toss, Kakao Pay and Naver Pay can use a government network to verify resident registration cards, strengthening non-face-to-face checks and fraud prevention. Naver Pay launched Npay Startup with the Financial Supervisory Service. Kakao Pay Securities secured an investment dealing licence. Financial groups are revamping second-half strategies as household lending rises and regulators review IT controls and network separation rules.
Crypto
Will a bitcoin bull market start in September? Five things to watch this week
Bitcoin is extending losses after failing to break $64,000 and sliding toward $62,500, with $64,000 again seen as near-term resistance. Views differ on when the current downturn could end, with some traders expecting a possible rebound as early as September while others say it is too soon. Analysts flagged risks of further declines, though some see a rebound signal on weekly charts. Markets are watching geopolitical risks, oil and bond yields, U.S. inflation data and on-chain wallet flows.
AI & Enterprise
Korea Post to pilot AI-based logistics AX at mail centers
Korea Post will allow parts of its nationwide mail centers to be used to test private-sector AI-based logistics technology. The Ministry of Science and ICT’s Postal Service signed an agreement with the Ministry of Land, Infrastructure and Transport and the Korea Integrated Logistics Association to promote an AI transition in logistics. The pilot will include designated tasks such as automated rolltainer transfer and automated sorting of very small parcels, as well as open proposals from companies.
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Crypto
Ethereum 2.0 era coming, Tom Lee sets out ETH recovery scenario
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Crypto
KOSPI slide after semiconductor rally raises question of retail shift to crypto
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AI & Enterprise
Bespin Global builds generative AI customer service assistant for AIA Life on private cloud
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AI & Enterprise
Sparrow registers 'Sparrow Enterprise' app security testing solution with Korea procurement platform
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AI & Enterprise
SK Shieldus named a top company in Frost & Sullivan cybersecurity services category
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AI & Enterprise
Dassault Systemes to hold AAKRUTI innovation competition for students worldwide
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AI & Enterprise
ITCEN PNS partners with American Binary and RCK on PQC business
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Crypto
XRP faces risk of sharp drop as Binance metrics signal funding rate reset
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Finance
Shinhan Bank holds small business management seminar with Seoul and Financial Supervisory Service
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Finance
Woori Bank opens WE:TH volunteer platform for employees
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Finance
iM Bank reviews second-half strategy, expands cooperation with external platforms
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Finance
South Korea financial regulators signal overhaul of leveraged single-stock ETFs
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Industry
JNTC steps up global supply chain for TGV glass substrates
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Industry
Court blocks Samsung Electronics staff move to SK Hynix
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Industry
President Lee says future response fund to be backed by semiconductor tax windfall; 2027 spending to top 800 trillion won