Toss Payments Partners with Korean Bar Association to Launch Payment Service for Law Firms
Toss Payments announced on September 2 that it has partnered with the Korean Bar Association to offer a member-exclusive payment service for law firms and legal offices affiliated with the association.The service is tailored to the needs of legal offices, allowing clients to pay fees through a payment link sent via text message or notification without needing to visit the office in person.For clients who are not comfortable using digital devices, payments can also be facilitated through phone co
Dunamu Receives Customs Commissioner Award for Cooperation in Digital Asset Crime Investigations
Dunamu, the operator of the digital asset exchange Upbit, announced on September 2 that its employees were awarded the 56th Customs Commissioner Award for their contributions to investigations into new trade crimes involving the misuse of digital assets.The Customs Service annually recognizes individuals who have contributed to the advancement of customs administration and the establishment of national economic order on its anniversary.This year, the award acknowledged the efforts of Dunamu empl
SK Biopharm Acquires 128 NVIDIA B200 AI Accelerators for Drug Development
SK Biopharm has secured a large-scale AI computing infrastructure by acquiring 128 of NVIDIA's latest AI accelerators, the B200. The company plans to develop AI models specifically for drug discovery and accelerate the overall AI transformation in its research. On September 2, SK Biopharm announced the introduction of 128 B200 units based on NVIDIA's Blackwell architecture. The computational performance of these units reaches 576 petaflops (PFLOPS) based on FP8 standards, equivalent to approxima
Yang Kyung-sook Sentenced to 5 Years for Investment Fraud Linked to North Korean Mask Project
Broadcast personality Yang Kyung-sook, who previously served as the head of programming at Internet radio station Radio 21, has been sentenced to five years in prison for investment fraud amounting to approximately 3.3 billion won (about $2.5 million).According to legal sources on September 2, the Supreme Court's first division, led by Justice Seo Kyung-hwan, upheld the lower court's five-year sentence for Yang, who was charged with violating the Specific Economic Crimes Act (fraud).Yang was ind
G20 Finance Ministers Meeting Fails to Reach Joint Statement Due to China's Opposition
The G20 finance ministers and central bank governors meeting held in the United States concluded on September 1 without a joint statement due to opposition from China. China blocked the U.S.-led global economic solutions by opposing issues such as "freedom of navigation in the Strait of Hormuz" and "resolving trade imbalances."The U.S. Treasury Department announced a chair's statement consisting of 17 points instead of a joint declaration after the meeting. The statement focuses on cooperation a
South Korea Expands Green Transition Cooperation with Multilateral Development Banks
The South Korean government is partnering with major multilateral development banks (MDBs) such as the World Bank to support domestic environmental companies in entering overseas green markets. This year, joint technical support projects in the environmental sector, including waste and water management, will be launched in four countries in Africa and Asia.On September 2, the Ministry of Climate, Energy and Environment and the Korea Environmental Industry and Technology Institute announced the f
LG Electronics Partners with Marriott to Develop Smart Hotels
LG Electronics is teaming up with global hotel chain Marriott International to build next-generation smart hotels. The collaboration will extend beyond hotel TV supply to include the joint development of a platform that encompasses cloud-based room content and device management, expanding LG's business into the hotel digital infrastructure market. On September 2, LG Electronics announced that it signed a memorandum of understanding (MOU) at Marriott's headquarters in Bethesda, Maryland, to enh
Qualcomm Unveils Dragonwing Edge Chips for AI in Kiosks and Factories
Qualcomm announced the launch of its 'Dragonwing Q-2390' and 'IQ-2390' processors on September 2, targeting the commercial, consumer, and industrial edge AI markets. The focus is on enabling AI processing directly on devices, from kiosks and smart appliances to factory controllers, thereby reducing costs and design complexity.The Q-2390 is a new addition to the Dragonwing Q2 series. It integrates a central processing unit (CPU), graphics processing unit (GPU), on-device AI, and camera, display,
Mr. Blue Shares Surge on First Day of Trading After Stock Consolidation
Mr. Blue experienced a surge in its stock price on the first day of trading following a stock consolidation.According to the Korea Exchange, as of 9:52 a.m. on September 2, Mr. Blue's shares were trading at 2,495 won, up 575 won (29.95%) from the previous trading day.The trading of Mr. Blue's shares resumed today following a change in listing due to the stock consolidation. The resumption of trading after a halt has led to a surge in buying interest.Earlier, in May, Mr. Blue's board of directors
U.S.-Iran Conflict Drives Oil Prices, Interest Rates, and Dollar Strength
The won-dollar exchange rate has risen to the 1,370 won range due to rising oil prices and inflation concerns stemming from the U.S.-Iran military conflict.As of 9:35 a.m. in the Seoul foreign exchange market, the exchange rate stood at 1,370.2 won against the U.S. dollar. At 6 a.m. that day, the rate was trading at 1,375.0 won, an increase of 4.6 won from the previous day's closing price.The rise in international oil prices, coupled with increasing U.S. Treasury yields and a stronger dollar, ha