space launch vehicle startup
Scope
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Korean startups
Startup accelerator D.Camp opens Busan office
For the first time, South Korea’s startup accelerator D.Camp has opened an office in the port city of Busan. The joint effort between D...
May 16, 2022 (Gmt+09:00)
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Future mobility
S.Korea to launch $1.3 bn air taxi research project
The South Korean government will launch a 1.6 trillion won ($1.3 billion) project to set basic standards for urban air mobility (UAM), or air taxi, ...
May 13, 2022 (Gmt+09:00)
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Earnings
NCSOFT profit beats forecasts as Lineage W drives sales to record
NCSOFT Corp., South Korea’s leading game developer, surprised investors with stronger-than-expected profit in the first quarter as Lineage W, ...
May 13, 2022 (Gmt+09:00)
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Entertainment
CJ ENM, Naver to launch drama studio joint venture in Japan
South Korean entertainment powerhouse CJ ENM Co. and online platform giant Naver Corp. are launching a drama production studio in Japan to tap into ...
May 12, 2022 (Gmt+09:00)
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Logistics
Samsung SDS takes smart logistics platform Cello Square to China
Samsung SDS Co., the information technology service unit of Samsung Group, is taking its smart logistics platform, Cello Square, to China to offer l...
May 12, 2022 (Gmt+09:00)
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Korean startups
CJ ventures into fandom platform with $17 mn investment
CJ Group, one of South Korea’s largest family run conglomerates, or chaebol, is venturing into the fandom platform business with a 22.4 billio...
May 11, 2022 (Gmt+09:00)
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Metaverse
SK Telecom to launch metaverse platform in Europe
South Korea’s top mobile carrier SK Telecom Co. and its spin-off investment firm SK Square Co. joined hands with Europe’s largest teleco...
May 09, 2022 (Gmt+09:00)
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Korean startups
Fabless startup FADU eyes unicorn status with $157 mn funding
FADU Technology, a fabless startup that develops architecture for solid-state drive (SSD) controllers and storage products, is seeking to raise 200 ...
May 06, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Quantum computing firm IonQ hit by short seller report
IonQ Inc., a US-listed quantum computing firm, has become a new target of short selling-focused Scorpion Capital, taking a hit from the US hedge fun...
May 05, 2022 (Gmt+09:00)
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Korean startups
Retail investment amount in startups triples on-year in Q1
South Korea’s retail investors are increasingly more bullish in startups than in manufacturing or retail firms. The Ministry of SMEs an...
Apr 28, 2022 (Gmt+09:00)
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Korean startups
Yoon admin to launch special startup-support track
The incoming Yoon Suk-yeol administration will lend extra support to the startup ecosystem – biotech and artificial intelligence firms in part...
Apr 27, 2022 (Gmt+09:00)
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Private equity
Blackstone taps ex-Citibank Korea CEO as Seoul office head
The Blackstone Group has named Ha Yung-Ku, who had led Citibank Korea for nearly 14 years, as chairman of its South Korean operations as the US inve...
Apr 27, 2022 (Gmt+09:00)
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Webtoons
Kakao to launch webtoon platform in Indonesia for SE Asia
Kakao Entertainment Co. will launch a webtoon platform in Indonesia, the most populous country in Southeast Asia, to expand the business in the regi...
Apr 27, 2022 (Gmt+09:00)
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Korean startups
Startup accelerator Klim Ventures secures $4 mn in bridge capital
South Korea’s startup accelerator Klim Ventures announced Tuesday it has secured 5.5 billion won ($4 million) worth of bridge capital. ...
Apr 26, 2022 (Gmt+09:00)
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Venture capital
S.Korean accelerators FuturePlay and Bluepoint Partners rev up for IPOs
South Korea’s two well-known accelerators FuturePlay and Bluepoint Partners are preparing for initial public offerings, buoyed by record high ...
Apr 25, 2022 (Gmt+09:00)
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Korean startups
Online education startup Day 1 Co. completes $28 mn Series D funding
Education content provider Day 1 Company announced Thursday it has completed a Series D funding worth 35 billion won ($28 million.)A number of ventu...
Apr 22, 2022 (Gmt+09:00)
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IPOs
Korea’s tough IPO review drives bio startup to Nasdaq
A South Korean bio startup is aiming for a Nasdaq listing, deeming that the country’s exchange sets the bar too high for an initial public off...
Apr 22, 2022 (Gmt+09:00)
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Economy
Yoon administration to launch strategic committee for semiconductors
President-elect Yoon Suk-yeol’s transition team announced Thursday it is considering a joint public-private committee that will be in charge o...
Apr 22, 2022 (Gmt+09:00)
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Korean startups
Top-ranking S.Korean universities become hotbeds for promising startups
South Korean universities have become hotbeds for promising startups. Leading the trend are two of the country's best-known higher education ...
Apr 21, 2022 (Gmt+09:00)
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Venture capital
KDB resumes global venture IR event in Singapore
South Korea’s state-run Korea Development Bank (KDB) said on Thursday that KDB NextRound, the bank’s venture investment platform, will h...
Apr 21, 2022 (Gmt+09:00)
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Artificial intelligence
CJ integrates AI infrastructure and data to launch CJ AI center
CJ Corp. launched an artificial intelligence center Wednesday, which it hopes will lead the conglomerate's digital innovation. The new CJ AI Cente...
Apr 21, 2022 (Gmt+09:00)
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Bio & Pharma
Boryung takes 'health is wealth' to whole new level – space
South Korean biotech and pharmaceutical companies are expanding their footholds in the global space medicine market. Boryung, formerly Boryung Pharm...
Apr 20, 2022 (Gmt+09:00)
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Robotics
KT showcases AI-powered robots, traffic control program at tech fair
KT Corp., a major South Korean telecommunications company, unveiled its new digital transformation services using artificial intelligence, big data ...
Apr 20, 2022 (Gmt+09:00)
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Future mobility
Hyundai Motor expands partnership with quantum computing firm IonQ
IonQ and Hyundai Motor Co. announced a new project on Wednesday designed to apply quantum machine learning to image classification and 3D object det...
Apr 20, 2022 (Gmt+09:00)
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Samsung Group
CJ, Samsung to launch $600 million e-commerce logistics fund
CJ Logistics and an affiliate of Samsung Life Insurance have joined forces to launch a real estate investment fund worth 740 billion won ($600 milli...
Apr 18, 2022 (Gmt+09:00)
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Electric vehicles
Korean refiners: Lubricating the future of electric vehicles
With the rise of electric vehicles globally, South Korea’s major oil refiners are jockeying to become leading suppliers of lubricants and cool...
Apr 17, 2022 (Gmt+09:00)
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Automobiles
Kia chooses Coupang as first partner for purpose-built vehicle rollout
Kia Corp., South Korea’s second-largest automaker, has chosen Coupang Inc. as its first partner for the production of a purpose-built vehicle ...
Apr 15, 2022 (Gmt+09:00)
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Venture capital
US and German startups funded by Mirae Asset join ranks of unicorns
Mirae Asset Venture Investment Co. is forecast to rake in more than 400 billion won ($325 million) for its investment in Moloco Inc. Mirae As...
Apr 15, 2022 (Gmt+09:00)
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Korean startups
S.Korea’s luxury e-commerce startups poised to become unicorns
South Korea’s e-commerce startups are enjoying massive hikes in their valuations on the back of robust online spending by millennials and memb...
Apr 14, 2022 (Gmt+09:00)
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IPOs
Kakao's game unit behind Odin valued at $2.7 bn before IPO
Lionheart Studio Corp., the firm behind South Korea’s popular mobile game Odin, is preparing to go public as early as this year, with its ente...
Apr 12, 2022 (Gmt+09:00)
Latest News
- 1 Samsung’s AI-powered robot vacuum cleaner takes on China’s Roborock
- 2 SK Hynix, Samsung to cut legacy DRAM output as Chinese firms catch up
- 3 Perigee, Quantum Aero to cooperate on military UAV
- 4 DevSisters, VNG Games sign Cookie Run Asia publishing deal
- 5 S&P upgrades SK Innovation credit rating to BBB-