Netflix announces a $2.5 billion investment in South Korean content over the next four years, as confirmed by streaming platform CEO Ted Sarandos after meeting with South Korean President Yoon Suk Yeol in Washington.
In a statement, Sarandos stated that "Netflix is delighted to confirm that we will…
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South Korea
South Korea exempts chip manufacturing and investment from taxes
South Korea's National Assembly has passed its own law to boost the country's semiconductor industry through tax breaks for manufacturers and investors, following a similar initiative by the United States.
The proposal, which has gone…
South Korea to launch Virtual Currency Tracking System
This year South Korea will implement the Virtual Currency Monitoring System, according to an announcement by the Ministry of Justice of the Asian country, which will have as its main objective to reduce crimes related to the crypto market,…
China to start tourist travel pilot plan in February
In a recent announcement by the Chinese Ministry of Culture and Tourism, it was revealed that they will launch a pilot tourist travel plan starting next February 6, resuming the activity suspended by the Covid-19 pandemic.
It is a pilot…
South Korea successfully launched its Nuri space rocket
South Korea successfully launched its Nuri rocket into space, which was developed and manufactured with its own technology. It is considered a very important advance in the galactic industry of the Asian country that positions it as one of…
South Korea elects conservative Yoon Suk-yeol as new president
The president of the United States, Joe Biden, has transferred his congratulations by telephone to the new president of South Korea, Yoon Suk-yeol, for his victory in the elections.
Both leaders have affirmed "the strength" of the alliance…
South Korea to build first floating metropolis
South Korea will build the first floating metropolis in the coastal and port area of Busan. The project, which has the approval of the United Nations through the Habitat program, would be completed in 2025, if the pilot plan that begins…
South Korea to impose restrictions on Google and Apple
The South Korean Legislation and Justice Parliamentary Commission plans to approve the reforms to the Telecommunications Companies Law, which includes aspects related to the collection of commissions. Companies like Google and Apple will…
Samsung will create 40,000 jobs in three years
Samsung Electronics will invest approximately $ 175 million over the next three years to underpin the South Korean giant's leadership in industrial restructuring after the Covid-19 pandemic, which will translate into the creation of 40,000…
Users of new ecological BeeVi toilet will be paid with cryptocurrencies
The National Institute of Science and Technology of South Korea invented BeeVi, a toilet that pays cryptocurrencies to anyone who uses it.
In mid-July, the Institute presented this very new toilet that has transformed the “hygienic…
Korea wants to institutionalize cryptocurrencies
The South Korean Democratic Party recently organized a crypto task force with the aim of "institutionalizing" cryptocurrencies with innovative legislation. The intention is to soften the attitude of the regulator and propose progressive…
E-commerce increases to $ 26.7 trillion
The e-commerce sector has presented an increase of 3 %, going from 16 % obtained in 2020 to 19 %, which is equivalent to 26.7 trillion dollars. This growth has been driven by traffic restrictions, all of them adopted by different countries…