South Korea exports set to rise for 12th straight month as chip boom reshapes global trade

Three Samsung affiliates — Samsung Securities, Samsung SDS, and Samsung Card — announced on May 28 the combined acquisition of a 4% stake in Dunamu, the operator of South Korea’s dominant crypto exchange Upbit, for approximately 612.8 billion won or $408 million — the latest in a growing wave of South Korean financial institutions racing to secure strategic positions inside the country’s most valuable digital asset company. Related Reading: Worldcoin’s FOMO Rally Cracks After On-Chain Activity Explodes The shares will be purchased from a group of Kakao-affiliated funds including Kakao Investment and Kakao Ventures, at a per-share price of approximately 439,250 won — a valuation implying Dunamu’s total corporate worth at approximately 15.3 trillion won, or roughly $11.1 billion, per Wu Blockchain and Korea Times. Samsung Securities will acquire a 2% stake, while Samsung SDS and Samsung Card will each take 1%, with the transaction scheduled to close June 19, per Korea Times. Three Affili

ByteDance's custom CPU development highlights a shift towards vertical integration, impacting traditional chipmakers' market share and revenue. The post ByteDance develops custom CPUs to support AI infrastructure amid chip shortages appeared first on Crypto Briefing.

Nvidia's strategic focus on South Korea strengthens its semiconductor supply chain, enhancing AI capabilities and ensuring stable growth. The post Nvidia CEO Jensen Huang to visit South Korea next week appeared first on Crypto Briefing.

AI infrastructure bottlenecks could hinder tech industry growth and innovation, necessitating strategic investments and diversification efforts. The post Wiwynn warns AI infrastructure bottlenecks will persist through 2028 appeared first on Crypto Briefing.

AtlasEdge's strategic focus on secondary markets and sustainable investments could reshape Europe's AI infrastructure landscape amid regulatory constraints. The post AtlasEdge secures over €1.2B for AI infrastructure rollout across Europe appeared first on Crypto Briefing.

Core42, the G42-owned sovereign cloud and AI infrastructure company, has secured $550 million through two structured trade finance facilities with HSBC — a $240 million facility completed in February and a $310 million facility closed in May. CFO Neha Gupta described the deal as a defining moment for the AI infrastructure sector, reflecting institutional recognition of AI […]

South Korean prosecutors have arrested and indicted five suspects in what authorities say is the country’s first criminal case targeting a rug pull on a decentralized exchange, with the alleged scheme leaving 256 investors with approximately $600,000 (900 million won) in combined losses. CATFI, a Fake Influencer, and a DEX Exit The case centers on […]

The introduction of leveraged ETFs in South Korea could heighten market volatility and systemic risk, impacting investor sentiment and stability. The post Goldman Sachs warns South Korea’s leveraged ETFs may boost volatility appeared first on Crypto Briefing.