language AI startup
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Korean startups
Acqui-hire practices increase in S.Korea’s startup ecosystem
Jobis & Villains, the operator of artificial intelligence-powered accounting platform 3.3, announced that it recently acquired video messenger s...
Mar 21, 2022 (Gmt+09:00)
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Korean startups
AI startup Twelve Labs secures $5 million in seed round
South Korean startup Twelve Labs announced Sunday it secured $5 million in a seed round from Index Ventures.On its website, the venture capital firm...
Mar 21, 2022 (Gmt+09:00)
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Naver launches conversational search engine service
South Korea’s internet juggernaut Naver Corp. announced Friday it has launched a conversational search engine service called Knowledge Interac...
Mar 18, 2022 (Gmt+09:00)
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Private equity
Goldman exits Korean beauty startup without profit
Goldman Sachs has divested of its stake worth 75 billion won ($62 million) in South Korea's cosmetics startup GP Club Co. without a profit due to de...
Mar 18, 2022 (Gmt+09:00)
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IPOs
Korean IPOs delayed after bourse's sweeping reshuffle
Scores of South Korean initial public offerings slated for the first half of this year have been delayed after the bourse operator carried out a lar...
Mar 17, 2022 (Gmt+09:00)
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Korean startups
Private equity consortium buys 30% stake in biotech firm Medipost
South Korea’s first generation biotech firm Medipost Co. will sell a 30% stake to a private equity consortium, the company announced after W...
Mar 17, 2022 (Gmt+09:00)
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Corporate strategy
Samsung looks to metaverse, robots for future growth
South Korea's Samsung Electronics Co. is eyeing the metaverse and robotics as keys to the global tech giant’s future. At the same time, it is ...
Mar 16, 2022 (Gmt+09:00)
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IPOs
Biotech startup Voronoi withdraws IPO plans
South Korea’s biotechnology startup Voronoi Inc. scrapped its plan to go public this month. The new drug developer announced Wednesday it...
Mar 16, 2022 (Gmt+09:00)
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Korean startups
Service robot maker Bear Robotics raises $81 mn in Series B
South Korea’s robotics startup Bear Robotics Inc. announced Wednesday it raised $81 million in Series B funding from venture capital heavywe...
Mar 16, 2022 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1, Eugene plan $80.5 mn fund for Korea defense startups
LIG Nex1 Co., South Korea’s major defense exporter, plans to set up a $80.5 million venture investment fund with Eugene Investment & Secur...
Mar 16, 2022 (Gmt+09:00)
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Korean startups
Nine out of 10 VC heads in S.Korea say startups overvalued: Survey
Heads of South Korea’s leading venture capital firms say domestic startups have entered a phase of overvaluation. The Korea Economic Dail...
Mar 15, 2022 (Gmt+09:00)
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Korean startups
Visual effects startup VA Corp joins ranks of unicorns
Visual effects production startup VA Corporation announced Monday it received 100 billion won ($80.4 million) from private equity fund Paratus Inv...
Mar 15, 2022 (Gmt+09:00)
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Korean startups
Translink and Banks Foundation form $10 mn fund for S.Korean startups
South Korea’s venture capital firm Translink Investment and non-profit organization Banks Foundation for Young Entrepreneurs agreed to launch ...
Mar 14, 2022 (Gmt+09:00)
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Edtech startup Riiid joins Fast Company's list of most innovative firms
South Korea’s AI education startup Riiid has made it onto Fast Company's annual list of the World’s Most Innovative Companies. Since 20...
Mar 11, 2022 (Gmt+09:00)
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Korean startups
AI startup InterMinds builds Smart Stores with conglomerates
Convenience stores are hotbeds for South Korean IT companies to test their artificial intelligence (AI) technology.That is because the establishment...
Mar 08, 2022 (Gmt+09:00)
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Chief Executives
Thanks to deep learning, we're in biggest tech boom cycle: GFT Ventures
"We believe we're in one of the biggest technology boom cycles,” said Jeff Herbst, co-founding managing partner of Palo Alto-based GFT Venture...
Mar 08, 2022 (Gmt+09:00)
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Upcoming IPOs
Korea’s Voronoi in talks with global firms on drug designs
South Korea’s biotechnology startup Voronoi Inc. is in talks with global biomedical companies on drug designs as it aims to expand the busines...
Mar 04, 2022 (Gmt+09:00)
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Korean startups
Ridi becomes first Korean content platform unicorn
Ridi Corp., often referred to as South Korea's Kindle, has received funding of 120 billion won ($100 million) from Singapore's GIC and three domesti...
Feb 28, 2022 (Gmt+09:00)
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Artificial intelligence
LG AI Research: Foundation of group’s long-term future
Artificial intelligence that composes music and creates images, a forecasting model that reduces the development period of customized anticancer dru...
Feb 27, 2022 (Gmt+09:00)
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Artificial intelligence
LG AI Research forms 'Hyperscale' AI alliance with 13 companies
LG AI Research unveiled an alliance network consisting of 13 corporations and organizations based in South Korea and abroad on Tuesday. There a...
Feb 23, 2022 (Gmt+09:00)
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Korean startups
Chicken startup shakes up crowded market with robotic arms
Preparing fried chicken requires a simple, but laborious process: Placing pieces of chicken on dough and frying powder; putting them into an iron ba...
Feb 22, 2022 (Gmt+09:00)
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Venture capital
Live commerce platforms like Grip to keep growing in Asia Pacific: Google
In April 2021, there were some 200 unicorns in the Asia Pacific region, second only to the United States which had 290 startups each valued at $1 bi...
Feb 22, 2022 (Gmt+09:00)
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SK Group head Chey to assume chair post at SK Telecom
SK Group chairman Chey Tae-won will assume an additional post as a chairman of SK Telecom Co.The conglomerate’s holding company SK Inc. announ...
Feb 22, 2022 (Gmt+09:00)
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Chief Executives
AI translation service Iyuno SDI chair expects continued surge in demand
“As demand for over-the-top (OTT) services grows, so will the bid for companies that provide translated subtitles in multiple languages,&rdq...
Feb 21, 2022 (Gmt+09:00)
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Automobiles
KT provides AI-powered voice recognition service to Mercedez
South Korea’s top wireless carrier KT Corp. announced Thursday that it has launched an AI-powered voice recognition service for Mercedez-Benz ...
Feb 18, 2022 (Gmt+09:00)
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Electronics
With Samsung’s new Bespoke lineup, it’s home made perfect
Samsung Electronics Co. on Thursday unveiled a new lineup of its flagship Bespoke home appliances, including a newly introduced premium line of Besp...
Feb 17, 2022 (Gmt+09:00)
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Korean startups
Korean drone manufacturer aims for 2023 Kosdaq IPO
South Korea's commercial drone manufacturer Nearthlab plans to apply for an initial public offering this year to get listed on the junior Kosdaq mar...
Feb 17, 2022 (Gmt+09:00)
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Korean biotech startup signs license deal with US firm
South Korea's biotech startup Novelty Nobility Inc. has signed a global license agreement for its antibody treatment candidate with a US biopharmace...
Feb 17, 2022 (Gmt+09:00)
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Korean chipmakers
SK Hynix develops memory chip with computing capabilities
SK Hynix Inc. has developed a next-generation memory chip with computing capabilities, which the company says will provide solutions for data conges...
Feb 16, 2022 (Gmt+09:00)
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Artificial intelligence
LG's AI designer debuts at New York Fashion Week
South Korean fashion label Greedilous showcased its 2022 Fall-Winter collection on the main stage of the New York Fashion Week on Monday local time....
Feb 16, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer