Korea
Alchemy Pay Raises US$10 Million to Accelerate South Korean Expansion Plans
Singaporean payments provider Alchemy Pay announced that it has secured US$10 million in funding from multi-stage web3 investment firm DWF Labs. Alchemy Pay is now estimated to be valued at U$400 million and will be using the new funds to
Read More
ComfortDelGro Partners Alipay+ to Accept Mobile Payments From Malaysia, S. Korea
Singaporean taxi operator ComfortDelGro Taxi has partnered with Alipay+ to enable mobile payments from Malaysia and South Korea through Touch ‘n Go eWallet and Kakao Pay respectively in all its Comfort and CityCab taxis. Users of these mobile wallets can
Read More
Kakao Sets up Non-Profit Entity in Singapore To Lead Klaytn Blockchain’s Expansion
South Korean Internet giant Kakao has set up a non-profit entity headquartered in Singapore named the Klaytn Foundation to accelerate the sustainable growth of Klaytn blockchain and its ecosystem. Klaytn is a service-centric blockchain platform that was previously led by
Read More
GME Remittance Joins RippleNet for Payments Push From South Korea to Thailand
Global Money Express (GME Remittance), a non-bank remittance service provider in South Korea, has joined Ripple‘s blockchain-based payments network, RippleNet to accelerate and scale payments from South Korea to Thailand. This partnership was established through SBI Ripple Asia, a joint
Read More
Here Are the 10 Startups That Graduated From F10 Singapore’s Accelerator Programme
Swiss-based fintech incubator and accelerator F10 announced that ten startups from the UK, Israel, Nepal, Malaysia, India and Singapore have graduated successfully from its early-stage startups’ programme during a virtual Demo Day on 15th July 2021. The teams went through
Read More
F10 Partners Seoul Fintech Lab, K Accelerator for South Korean Expansion
Fintech startup incubator and accelerator F10 has partnered with Seoul Fintech Lab which is funded by the Seoul Metropolitan Government and K accelerator, a fintech support center based in Seoul, to expand its incubation programme to South Korea. The programme
Read More
Digital Risks Of Mobile Apps Are On The Rise
Recently, a security firm looked into the apps available on Google Play Store and the App store stated that over 85% of those apps violates at least one security risk. About half of these applications had insecure data storage or
Read More
Korea Launches Fintech and Cybersecurity Focused Startup Centre in Singapore
The K-Startup Centre (KSC) in Singapore, the first Korean startup centre in Southeast Asia, was officially launched today by South Korea’s Ministry of SMEs and Startups (MSS). They said it is a reflection of the strong interest among the Korean
Read More
Raising US$90 Mil From a Private Round, Kakao’s Ground X Now Opens ICO to The Public
Kakao Group just raised US$90 million in a private coin offering to bolster Ground X, its blockchain development arm—and the company is already eyeing its next funding round. According to Jason Han, CEO of Kakao’s Group X, the initial funding
Read More
LINE Acquires Online Security Research Center
LINE Plus Corporation (the chat app) announced last week that it has acquired GrayHash, an online security research center specializing in “offensive research” and counter-hacking techniques. With the acquisition, the Korea-based GrayHash has been renamed GrayLab and tasked with developing
Read More