▶주메뉴 바로가기
▶본문 바로가기
Car sharing firm Socar said on Oct. 16 that it has newly attracted 60 billion won of funding from investors, achieving unicorn status with a corporate value of 1 trillion won ($872.6 million). With Socar’s latest addition to the unicorn list, South Korea now has 12 unicorn companies, includ...
Yanolja, the largest accommodation and leisure activity booking platform operator in South Korea, is taking steps toward an initial public offering, according to news reports Tuesday. The accommodation booking services firm is a local startup unicorn with a market value exceeding 1 trillion won ($85...
The offering price of shares of Big Hit Entertainement, a local agency behind K-pop sensation BTS, was fixed at 135,000 won ($115.04) per share, the top end of its indicative price range, the company said in a regulatory filing on Sept. 28. At the two-day book building which wrapped up on Friday,...
Standard Chartered Bank Korea said on Sept. 28 that it has partnered with Toss -- a financial services app operated by Viva Republica -- to launch a short-term lending program on Wednesday. Under the partnership, SC Bank Korea outsources credit evaluation process to Toss. SC Bank Korea is the fi...
Kasa Korea, a property technology startup, said on Sept. 24 it has raised some 9.2 billion won ($7.8 million) in a series B funding round. The latest funding was led by the state-run Korea Development Bank. Silicon Valley venture capitals and domestic investment firms, including Northern Light Ve...
Coupang is inching its way into the computer parts industry by offering lower prices and replacing distributors and retailers. Most recently, on Sept. 17, Nvidia’s GeForce RTX 3080 graphics cards were released in South Korea via Coupang. Intech & Company had imported the graphics cards ...
In its heyday, South Korea’s top actor Hyun Bin was the face of TLX Pass, a revolutionary fitness platform that made waves throughout the industry. TLX offered passes that could be used at multiple sports centers, bypassing the need to sign up for lengthy memberships. The idea was to free use...
Kakao, operator of South Korea’s top mobile messaging platform, announced on Sept. 17 that the company has launched a new enterprise messenger. The new corporate messenger developed by Kakao’s artificial intelligence unit Kakao Enterprise has combined existing user interface of popula...
Startup festival “Try Everything 2020” kicks off online Sept. 16, the Seoul Metropolitan Government said on Sept. 15. The three-day event will be held in partnership with the 2020 World Knowledge Forum, an annual business convention hosted by Maekyung Media Group. Due to the recent s...
Education technology firm Yanadoo announced on Sept. 8 that the company has recently secured investments worth 30 billion won ($25.2 million). Yanadoo, which merged with Kakao Kids to become a comprehensive education platform, is currently evaluated at 300 billion won, according to the company. ...
The total value of orders placed on food delivery apps in South Korea reached 1.2 trillion won (US$1.01 billion) in August, up 28 percent from July and setting a new monthly record, as the government introduced stricter social distancing regulations after COVID-19 cases rose again, according to data...
Coupang began procedures for the construction of a large-scale high-tech logistics base in Gwangju in partnership with the regional government, the firm said on Sept. 4. Gwangju Mayor Lee Yong-seop and Coupang’s new business division head Park Dae-joon met on Sept. 4 and signed a business ...
Toss Lab, an operator of Slack-like team collaboration platform JANDI, said on Sept. 2 that it has newly raised 14 billion won ($11.8 million) from a group of investors. The investors include Softbank Ventures, SV Investment, Atinum Investment, Must Investment and Spark Labs. Relat...
Viva Republica, Korea’s leading fintech startup and operator of mobile financial service Toss, on Aug. 28 announced that it has raised $173 million in the latest funding round. The latest fundraising, which puts the company’s valuation at $2.6 billion, came as the company pushes to expa...
E-commerce giant Coupang is trialing a buy-now, pay-later service. The new service is applied to products directly bought from and sold by Coupang, which are available for its next-day delivery service, Rocket Delivery, according to one official at the company, allowing users to purchase items on...
Korea’s top finance firms put aside W1.7tr for Hong Kong-tied ELS compensation
Samsung mobile chief, Google device head meet in Seoul
Posco Future M, Honda to launch battery materials venture in Canada
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
Experts raise concerns about Japan putting pressure on Naver over Line
SK hynix profits soar on AI chip boom