Music and entertainment

HYBE chair to sell $48.5 mn subscription rights to buy new shares

Chairman Bang Si-hyuk of HYBE Co., the music and entertainment powerhouse behind BTS, is partially selling his subscription rights ahead of the company’s rights offering in June. According to the industry on May 18, Bang will only purchase 500,000 shares out of the total 7

Content platforms

Chat fiction app operator eyes global expansion, webtoon market

As smartphones have become essential to everyday life, chat fiction -- storytelling in the form of fictional text messaging -- has become popular among teenagers. And while South Korea isn't the birthplace of chat fiction, domestic startup Eine Blume Co.'s app Chatie has expanded

Startups

Team Blind secures $37 mn in Series C round; eyes Nasdaq listing

Teamblind Inc., the operator of Blind, an anonymous social platform for discussion on workplace issues, has successfully concluded its $37 million Series C round, the company announced on May 18. Participants of the latest funding include previous investors such as US-based ven

Market resilience

Hyundai Motor set for rise as chipmakers gear up

Shares of Hyundai Motor Co. have been trapped in a boxed range for more than four months after falling from an all-time high in early January of 289,000 won. Back then, investors snapped up the stock for days on media reports that the top South Korean automaker looked to be in early stages of talks with Apple Inc. to jointly develop and produce self-driving electric cars. However, the company denied the reports and investors dumped the stock in