south korea
Samsung Medison, a medical device unit of Samsung Electronics that specializes in developing diagnostic imaging devices, said on Wednesday it plans to acquire Sonio, a Paris-based startup that makes AI-powered software…
StealthMole, an AI-powered dark web intelligence startup that specializes in monitoring cyber threats and detecting cybercrime, announced Thursday that it has raised a $7 million Series A funding round. The…
A South Korean startup called QuotaLab is on a quest to follow in the footsteps of Carta, the cap table management company that’s used by a host of startups and…
Meta CEO Mark Zuckerberg, who is touring Asian countries this week, said in a meeting with South Korean President Yoon Suk Yeol on Thursday that Meta wants to beef up…
Humane reveals first international market for the Ai Pin, partnering with South Korea’s SK Telecom
Hyped hardware startup Humane has announced plans for its first international market, inking a deal with South Korean carrier SK Telecom. The announcement comes shortly after the San Francisco-based company…
Techtaka, a South Korean online shopping fulfillment startup that provides third-party logistics services for e-commerce sellers, has raised $9.5 million (12.6 billion KRW) in a Series B round of funding…
Samsung Electronics executive chairman Jay Y. Lee has been declared not guilty on the charge of stock price manipulation and accounting fraud related to the merger of Samsung affiliates in…
Myrealtrip is the latest travel tech company to ride a growing post-pandemic tourism industry. The Seoul-based startup said today it has raised $56.7 million (75.6 billion KRW) in a Series…
While micromobility companies around the globe have been in limbo and hitting snags like bankruptcy, shutdown and layoffs, a Seoul-based shared e-scooters and e-bikes operator called Gbike is gearing up to go public on the…
ImpriMed, a California-based precision medicine startup, builds AI-powered dog cancer treatment technology that helps veterinarians identify the most suitable drugs for individual canine and feline blood cancers. The startup, which…
South Korean internet giant Kakao — in the middle of multiple investigations over antitrust and securities violations — has appointed a new CEO as it tries to turn the ship…
Twitch, the popular video streaming service, plans to shut down its business in South Korea on February 27 after finding that operating in one of the world’s largest esports markets…
The Bank of Korea (BOK) rolled out details on its pilot program for its retail central bank digital currency (CBDC), stating that 100,000 selected Korean citizens will join the trial…
Despite crypto’s badly tarnished reputation following FTX’s collapse, some large corporations are warmly embracing its underlying distributed ledger technology. LG CNS, the IT solutions subsidiary of the South Korean conglomerate,…
More South Korean investors are putting money into Southeast Korea startups, creating an “investment corridor” between the two regions. The latest one is KIPSEA. Short for Korea Investment Partners Southeast…
South Korea’s telecommunication regulator, the Korea Communications Commission (KCC), said Friday that it plans to levy fines on Google and Apple, which could total up to $50.5 million, for violating…
Goodnotes said today it has invested $1.9 million into South Korea-based digital stationery company WeBudding.
Coupang, a Seattle-headquartered e-commerce company, said it will accelerate its investment in Taiwan after four straight quarters of profits. Coupang was the most downloaded app in the second quarter of…
South Korea’s digital lender Toss Bank in advanced talks to close $154M funding at a valuation of $2.1B
Fresh off a $154 million funding round in March 2023, South Korean digital lender and neobank Toss Bank is close to raising another $154 million (200 billion won) in equity…
Musinsa, a Seoul-based fashion marketplace, said Wednesday it has raised a $190 million round of Series C funding led by KKR, with participation from Wellington Management. The new capital put…
Seoul-based e-commerce company Levit, an operator of the shopping app Alwayz, wants to make the shopping experience more entertaining and affordable. The two-year-old startup has recently raised $46 million in…
A former executive of Samsung Electronics stole the juggernaut’s confidential semiconductor data to build a copycat chip facility in China, South Korean prosecutors alleged on Monday. The 65-year-old defendant, who…
Venture capital firms often open a physical office or hire local investors to make inroads into new markets, especially when expanding internationally. But funds are increasingly exploring a variety of…
Five investors talk about the uniqueness of South Korean startups, how they’ve fared in a post-pandemic world and their investment thesis.
Nexon, one of the biggest gaming companies in the world, is wading into web3 like some of its peers in Asia. The developer of MapleStory is creating a blockchain-powered ecosystem…
After the stunning success of “Squid Game” in 2021, Netflix is doubling down on South Korea in hopes of another home run out of the country’s entertainment industry. The U.S.…
As tech slumps, SoftBank sells VC unit to Singapore-based firm led by Masayoshi Son’s brother
SoftBank is selling one of its venture capital arms, South Korea-based SoftBank Ventures Asia (SBVA), to The Edgeof, a Singaporean investment firm, according to the two companies. The deal’s financial…
Samsung Electronics plans to cut back memory chip production as its operating profit in the first quarter of 2023 is expected to plummet about 96% from the previous year. This…
Ava Labs, a company that launched the layer-1 blockchain Avalanche, has partnered with SK Planet, a data management and marketing platform unit of South Korean company SK Square. SK Planet…
Green Labs, a Seoul-based agritech startup, has secured $38.4 million (50 billion won) in debt financing from existing investors BRV Capital Management and Skylake Incuvest. The new funding comes just a month after…
