For most people interested in technology, the American Silicon Valley will be the first place that comes to mind. However, the Far East and hi-tech can also present multiple solutions that have been implemented in the U.S. and are made by specialists from China, Japan, or South Korea.
Popular American companies in the Far East
The tense situation between China and the United States doesn’t necessarily impact the flow of know-how and tight relationships between the U.S. and other countries, such as Korea and Japan.
The Far East and hi-tech come together with cutting-edge AI solutions and it’s no surprise which company brings the most interest. NVIDIA stock price generates incredible hype worldwide, in Korea and Japan as well. Multiple industries can use its GPU technology to develop machine learning algorithms.
Several other tech companies with a worldwide range have a strong presence in the Far East. Apple market capitalization also comes from the impressive results of the giant in Asian markets. Japanese are Korean businesses and individuals also keep tabs on the development of Upstart Holdings and SoFi Technologies. Moreover, the EV revolution also arrived in the Far Eastern countries. Interest in Lucid stock price grows daily, as does the number of electric vehicles in Seoul and Tokyo.
Far East and hi-tech: Own solutions
People who associate the Far East with high technology think of electronic devices and reliable vehicles. Multiple car manufacturers have a stark position in regional and worldwide exchanges. Toyota’s stock price relies on multiple factors, including the technological advancements of its vehicles.
Moreover, everyone who is interested in investing in assets connected with the Far East and hi-tech has to understand the economic situation in this region. Advanced traders pay attention not only to the research of particular assets but also to the bigger picture. The USD to KRW currency pair can reflect the situation in both countries and the current economic relationship between them.
How about cryptocurrencies?
With hi-tech and AI assets, traders usually pay attention to cryptocurrencies as well. Due to their volatility, cryptos attract a lot of interest, similar to commodities. Is the situation similar in Korea and Japan?
First, traders have to deal with several government regulations regarding cryptocurrencies. The main objective is to take care of citizens’ financial security and anti-money laundering policies. Nevertheless, Bitcoin in Korea brings more and more interest, especially from businesses. What’s even more absorbing is the fact that the Bitcoin Dollar rate is much lower than what Koreans pay for BTC. Traders can track these differences by analyzing the Korean Premium Index.
In China, Bitcoin mining and crypto are technically banned. However, a couple of years before that decision from the Chinese government, there was an idea of implementing its own cryptocurrency. The crypto called NEO still exists, yet its value constantly decreases due to multiple issues regarding regulations, communication, and technical aspects.
What’s next for the Far East and hi-tech?
Trade wars between China and the United States impact these countries and the worldwide economy. Nevertheless, other countries of the Far Eastern region have a chance to develop even faster. Due to the tighter relationship with the United States, developed countries such as South Korea and Japan can benefit from this cooperation.
The Far East and hi-tech stand firmly together. Due to the massive urbanization and focus on the development of the biggest cities such as Seoul or Tokyo, AI, and hi-tech solutions will keep growing in these countries.
