Search results for Crosshub
AI & Enterprise
MSIT, KTOA hold competition to find adventurous, challenging AI startups
South Korea\'s Ministry of Science and ICT and the Korea Telecommunication Operators Association held a final round of a competition to identify investment targets among adventurous and challenging AI startups, selecting 8 winners. A total of 268 companies applied, a 33.5-to-1 competition rate. Winners will receive 80 million won in prize money and investment opportunities linked to the Korea IT Fund. An AI venture fund will also be newly created this year.
AI & Enterprise
NIPA hosts XTC Korea 2026; Omelette takes top prize
South Korea\'s National IT Industry Promotion Agency held the Extreme Tech Challenge Korea 2026 competition online on Aug. 12 in cooperation with Extreme Tech Challenge and the Global Digital Innovation Network. The event aims to support promising domestic AI startups in expanding overseas and attracting investment, focusing on companies contributing to the U.N. Sustainable Development Goals. Omelette won first place and the XTC Applied AI Excellence Award.
Crypto
Woori Bank to pursue easy payment infrastructure for foreign visitors with Crosshub
Woori Bank plans to develop a foreigner-only digital wallet to improve payment convenience for foreign visitors to South Korea. The bank signed a memorandum of understanding with fintech startup Crosshub on June 10 to jointly develop services aimed at easing payments for visiting foreigners. The partners aim to launch the wallet in the second half. They also plan a prepaid card charged in the user’s home currency and to test a stablecoin-based payment environment.
