The Latest Breaking News on Asian tech

A South Korean court ordered the chairman of No. 2 conglomerate SK Group to transfer cash of 66.5 billion won ($50.68 million) in a division of property, as part of a divorce ruling on Tuesday that kept any stock from changing hands.

IT spending in Asean, South Korea, Australia and New Zealand is expected to drop by 1-3% in 2023 despite immense economic challenges as enterprises shift to digital business to grow their revenue, according to International Data Corporation (IDC), a global tech market research firm.

Thailand should have 20,000 tech startups and 3.9 million workers capable of coding in order to propel the country to become a tech hub in Asean, says the Digital Council of Thailand (DCT).

The semiconductor industry is poised to benefit from the megatrend of digitization, which may not lose momentum soon. Furthermore, growing corporate investments and government support should drive the industry’s growth. Thus, fundamentally sound semiconductor stocks Taiwan Semiconductor Manufacturing (TSM), United Microelectronics (UMC), Photronics (PLAB), and Xperi (XPER) could be ideal…