Gate News message, April 23 — Bonanza Factory, a South Korean compliance solutions provider, has completed a proof-of-concept (PoC) with Vietnam's Military Commercial Joint Stock Bank (MB Bank) for VND-based deposit and withdrawal integration between the bank and digital asset exchanges, and is

Gate News message, April 23 — SK Hynix reported a strong first quarter on Thursday, with net profit jumping over 400% to $25.4 billion and revenue surging 198% to $35.55 billion. The March quarter marked the first time the South Korean chipmaker exceeded 50 trillion won in quarterly revenue, with sa

Gate News message, April 23 — South Korea's economy expanded 1.7% in the first quarter, beating the central bank's 0.9% forecast and marking the fastest quarterly growth in five and a half years. Strong chip exports and a rebound in investment drove the expansion. Exports rose 5.1% and imports

Gate News message, April 23 — South Korea's Korea Exchange (KRX) announced on April 23 that it is constructing a domestic tokenized securities (STO) platform and working to establish a new securities market to support the initiative. According to KRX Chairman Jung Eun-bo, the exchange is

POSCO International issued Korea's first non-financial blockchain digital bond (about 1.4 trillion KRW) with HSBC as lead underwriter, cutting settlement to three days. Abstract: POSCO International issued a blockchain-based digital bond in a private placement of about 1.4 trillion KRW, with HSBC as sole lead underwriter, marking the first such issue by a South Korean non-financial company and the second digital bond in the country after Mirae Asset Securities. The bond uses blockchain for issuance, registration, trading, and settlement, offering enhanced security, faster settlement, and broader global investor access (three-day settlement vs. five). This follows POSCO’s prior blockchain-based payment system deployment and aligns with Hong Kong's subsidy program to promote digital bonds. POSCO and HSBC plan further collaboration in blockchain, digital finance, and transformation, including potential STO market participation.

Gate News message, April 23 — South Korean payment company Danal and Japanese payment specialist UPC (UNIVA Paycast) have established a strategic partnership to advance yen stablecoin payments and circulation, building a cross-border payment ecosystem. The two companies will collaborate on

Gate News message, April 23 — A finance employee in his 20s at a South Korean company was sentenced to three years in prison by Busan District Court for embezzling corporate funds to invest in cryptocurrency, according to Korean media Newsis. Between 2021 and 2025, the employee transferred company f

Gate News message, April 22 — Samsung Electronics has ordered 2,031 employees across 143 units to remain on duty during a planned strike, citing South Korea's Labor Union Act requirement to maintain safety protection facilities. The unions plan an 18-day walkout from May 21 to June 7, with a rally s

Gate News message, April 22 — South Korea's central bank has entered a new monetary phase with newly appointed governor Shin Hyun-song placing central bank digital currencies (CBDCs) at the forefront of the country's financial system. In his inaugural address, Shin positioned CBDCs and bank-issued d

SK Telecom and Nvidia push A.X K2 under Korea’s Proprietary AI Foundation Model initiative, expanding from A.X K1 to a full-stack, open-source AI platform via the Krafton-Rebellions consortium for academic and commercial use. Abstract: The article reports SK Telecom’s partnership with Nvidia to develop A.X K2 as a successor to A.X K1 under Korea’s government-backed program. The effort aims to create a full-stack, open-source AI platform through a Krafton-Rebellions-led consortium, with research focused on multimodal and vision-language models and open access to A.X models for academia and industry.