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Finance
PG industry polarisation deepens as revenue grows and profitability stagnates
South Korea\'s payment gateway (PG) market is growing quickly, but profitability is not improving, deepening polarisation within the industry. The number of registered PG firms rose to 190 at end-2024, while sector revenue climbed to 9 trillion won. Gross profit stayed around 2.1 trillion won. The Financial Supervisory Service highlighted difficulties for smaller firms, as tighter rules after the T-Mep settlement issue and higher capital requirements add to pressures.
Industry
Hanwha Group opens Pompidou Center Hanwha in Seoul
Hanwha Group opened Pompidou Center Hanwha in Seoul, the world’s third Pompidou museum after Spain’s Malaga and Shanghai West Bund in China. Hanwha Culture Foundation held an opening ceremony on May 19 at the 63 Building annex in Yeouido, Seoul. Attendees included Hanwha executives and cultural figures as well as France’s ambassador to South Korea and the head of the Pompidou Center. The museum opens to the public on June 4.
Industry
Sandisk unveils new SSD that transfers 1 minute of 12K video in 1 minute
Sandisk unveiled next-generation portable SSDs and a revamped consumer storage lineup, including three pocket-sized portable models and three internal SSDs under its new SANDISK Optimus branding. The top Extreme PRO portable SSD offers up to 4,000MB/s and can transfer about 10 minutes of 12K video in under 1 minute, with 2TB and 4TB models launching first. Products will roll out through major domestic retail channels, with prices to be disclosed later.
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AI & Enterprise
MSIT pushes to join OpenAI TAC, to hold talks with CSO Jason Kwon next week
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Telecommunications & Media
Broadcasting Media and Communications Standards Commission clears backlog of digital sex crime cases in five weeks
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AI & Enterprise
Kim Yeon-su says Hancom has credentials for agentic OS business, highlights four strengths
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AI & Enterprise
Citadel CEO warns AI threatens even PhD-level jobs as Musk amplifies remarks
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AI & Enterprise
Dell CSO says resilience will decide cybersecurity in AI era
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Games & Commerce
Naver says nothing decided on report of consortium bid to buy Baemin
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Finance
KOSPI retreats to 7,270 as foreigners net sell over 6 trillion won
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Industry
Musk renews vow Tesla to expand unsupervised FSD across U.S. by year-end
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Crypto
NYDIG warns CLARITY Act may fail if it misses August vote, with midterms a key variable
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Telecommunications & Media
Apple seen rolling out sweeping Ultra lineup overhaul this fall
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Industry
Boston Dynamics Atlas moves 23 kg mini fridge, bringing factory deployment closer
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Crypto
Shiba Inu slides to two-month low, analyst says scaling-in zone
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Mobility
Tesla no longer just an EV maker as AI and energy support long-term investment case
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Crypto
Japan\'s SBI pushes bitcoin, XRP spot ETFs, eyes Tokyo Stock Exchange listing
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Industry
Intel steps up foundry push; Tan says it can compete with TSMC