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The Korea Herald

Startups

August 18, 2024
Rebellions, Sapeon Korea merges to challenge Nvidia

Artificial intelligence startup Rebellions and Sapeon Korea officially signed a merger, signaling the birth of the country's first AI unicorn, SK Telecom, Sapeon Korea’s parent company, said Sunday. Rebellions, a fabless chip designer valued at 900 billion won ($664 million), and Sapeon Korea, th...
August 18, 2024
SK Networks to invest $30m in SBVA’s AI-focused fund

SK Networks said Friday it will commit $30 million in a $130 million fund formed by SBVA to invest in artificial intelligence startups. It is the second-largest investment among fund participants. The SBVA-led fund -- Alpha Intelligence Fund -- plans to focus on investing in promising early-stage ...
June 17, 2024
'Korea's Space X' Innospace to go public in July

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
May 22, 2024
A.Virtual's air sanitizer hits Dubai market

Air sterilization solutions provider A.Virtual said Wednesday it would introduce its air sanitizer to the Dubai market through a partnership with Sharaf DG, the largest electronics retailer in the Middle East. A.Virtual's air sanitizer with sterilization capabilities will be exclusively available ...
May 13, 2024
Toss Securities logs record quarterly profit in Q1

Toss Securities, the online-only brokerage arm of Korean fintech giant Viva Republica, continues its upward trajectory, marking a significant milestone with its highest-ever quarterly net profit in the first quarter. The company announced Monday that its net profit soared to a record 11.9 billion ...
April 24, 2024
Korean robot startup aims to transform human walking

South Korean robotics startup WIRobotics aims to transform the walking experience via its award-winning wearable robot WIM, made lighter and more convenient for everyday use, the company's chief said Wednesday. "We believe humans will be able to enhance walking and physical abilities with the assi...
April 22, 2024
[Herald Interview] Why Toss invited hackers to penetrate its system

Aiming to enhance South Korea’s overall security level, each day at Toss is a step closer to realizing that dream, he added. However, Hellsonic stressed that this doesn't imply Toss' defense system is flawless. In fact, "cybersecurity can never be perfect," he stated. He likened digital defense t...
April 16, 2024
AI startup Upstage attracts about W100b as it seeks global expansion

Artificial intelligence (AI) startup Upstage said Tuesday it has attracted about 100 billion won ($71.7 million) from investors, as it seeks to make inroads into the global generative AI market. New investors, including state-run Korea Development Bank, KT and Mirae Asset Venture Investment, parti...
April 15, 2024
Lunit wins shareholders' approval for Volpara Health acquisition

Lunit, a South Korean medical artificial intelligence (AI) startup, said Monday it has won shareholders' approval for the takeover of Volpara Health Ltd., a breast cancer solution firm in New Zealand. At a general shareholders' meeting Friday (local time), 96.92 percent of Volpara Health's stockho...
March 11, 2024
Airbnb fined, ordered corrective measures in S. Korea over unfair biz practices

South Korea's antitrust regulator announced a decision Monday to impose a fine and corrective measures on Airbnb Ireland UC for its failure to properly verify information of short-term rental hosts for customers. The home rental platform was fined 500,000 won ($379.6) for the violation of the coun...
February 18, 2021
Woowa Brothers' founder joins super wealthy donation campaign

Kim Bong-jin, the founder and chairman of a local delivery app operator Woowa Brothers, on February 18 joined the bandwagon of South Korea‘s self-made and young rich donating substantial amounts of their assets to society. Kim said he and his wife have joined The Giving Pledge, a global campaign...
January 07, 2021
Korean venture capital E& leads merger of clinical stage biotech firms

E& Investment, a South Korean venture capital that specializes in the bio and health care sectors, said Thursday that NeuroBo Pharmaceutical, in which the company owns a 40 percent stake, had acquired a US COVID-19 treatment developer. NeuroBo, a Nasdaq-listed clinical-stage biotechnology company,...
November 24, 2020
Fintech startup Qarasoft raises $3M in series A funding

QARA Soft, a South Korean fintech startup, said Nov. 24 that it has raised $3 million from Mirae Asset, Naver, Nexon’s NXC and Kinsley Asset Management in its Series A funding round. QARA, founded in 2014, provides a robo-adviser solution called Market Dreamer to a slew of local financial firms, ...
November 23, 2020
Home interior platform Ohouse raises $70m

Bucketplace, which operates interior decor platform Ohouse , raised $70 million in its Series C funding round, the South Korean startup announced on Nov. 23. With the latest fundraising, the company has raised a total of 88 billion won ($79.15 million) in investment. The latest funding round was...
November 19, 2020
Toss to launch brokerage unit next year, targeting 20s, 30s

South Korea’s leading fintech startup Viva Republica is set to launch a mobile brokerage unit in the first half of next year as it received operational approval from the financial regulator. Named Toss Securities, the envisioned brokerage is the first local securities firm to be set up in 12 yea...

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EDITOR'S PICKS

Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099