housing finance platform
Scope
Date
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Artificial intelligence
Twelve Labs secures $12 mn for AI-powered video analysis platform
Twelve Labs Inc., a South Korean artificial intelligence-powered video search platform developer, closed its seed extension round with an additional...
Dec 06, 2022 (Gmt+09:00)
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Mergers & Acquisitions
LG Uplus poised to acquire homegrown OTT platform Watcha
South Korea’s third-largest mobile carrier LG Uplus Corp. is slated to acquire homegrown over-the-top (OTT) platform Watcha Inc., investment b...
Dec 06, 2022 (Gmt+09:00)
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Banking & Finance
BNK Capital launches operations at Kyrgyzstan subsidiary
Korea's loan and financing company BNK Capital on Thursday said its subsidiary in Kyrgyzstan, MCC BNK Finance LLC, has launched operations as its si...
Dec 02, 2022 (Gmt+09:00)
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Capital raising
Industrial Bank of Korea provides Silicon Valley-style financing for startups
Industrial Bank of Korea (IBK) on Friday launched the IBK Venture Loan, which provides bridge loans to promising startups struggling to borrow funds...
Dec 02, 2022 (Gmt+09:00)
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Economy
Average household debt in South Korea exceeds $69,000 so far this year
The average household debt in South Korea has exceeded 90 million won ($69,284). While the figure appears to be high by Korean standards, average ho...
Dec 01, 2022 (Gmt+09:00)
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Content platforms
KT conducts reshuffle ahead of launching South Korea's top OTT service
Korea's telecom giant KT Corp. has reshuffled its media business units ahead of the pending absorption of its over-the-top (OTT) video platform Se...
Dec 01, 2022 (Gmt+09:00)
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Korean SMEs
LG U+ and Korea Fanuc to devise smart factory solutions for SMEs
Korean telecom giant LG Uplus Corp. on Tuesday said it will develop a smart factory solution for small and medium enterprises (SMEs) jointly with th...
Nov 30, 2022 (Gmt+09:00)
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Mobile networks
SK Telecom to team up with Singapore's Singtel for metaverse venture
SK Telecom Co. on Tuesday said it signed a memorandum of understanding (MOU) with Singapore's top telecom provider Singtel Group on joint business o...
Nov 29, 2022 (Gmt+09:00)
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Construction
Vietnam to get its first Korean-style industrial complex
A groundbreaking ceremony was held Friday for Vietnam's first Korean-style industrial complex, to be built in the country's northern Hung Yen Provin...
Nov 25, 2022 (Gmt+09:00)
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Economy
Finance ministry stresses need to reduce maximum corporate tax rate
A total of 103 companies, a mere 0.01% of the total number of corporations in South Korea, are paying more than 40% of the country’s total cor...
Nov 22, 2022 (Gmt+09:00)
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Korean startups
Medical data platform operator JNPMEDI raises $10 mn in Series A funding
Medical data platform operator JNPMEDI Inc. announced on Tuesday that it raised 14 billion won ($10.3 million) in a Series A round. Pavilion Ca...
Nov 22, 2022 (Gmt+09:00)
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Economy
Seoul more expensive than Tokyo for expats due to high real estate costs
TOKYO — The monthly rent of a commercial building in Seoul has surpassed that of Tokyo for the first time.The rent for an office building in t...
Nov 20, 2022 (Gmt+09:00)
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IPOs
Miniforce producer aims to become Asia's top children's platform with IPO
The South Korean producer of famous animated series such as Miniforce aims to become Asia’s top children's platform by way of an initial publi...
Nov 15, 2022 (Gmt+09:00)
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Travel & Leisure
Yanolja to expand overseas business with global partner
South Korea's tourism platform Yanolja is expanding its overseas air and travel operations.Yanolja Cloud, an artificial intelligence-based software ...
Nov 15, 2022 (Gmt+09:00)
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Artificial intelligence
LG, Altair build AI-powered validation platform for automotive parts
LG Electronics Inc., an industry frontrunner in applying artificial intelligence to home appliances, said on Wednesday it has joined forces with Alt...
Nov 09, 2022 (Gmt+09:00)
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IPOs
E-book platform Millie's Library drops IPO plan on tepid market interest
South Korean e-book platform Millie’s Library dropped its listing plan on Nov. 8 due to tepid demand from institutional investors, marking the...
Nov 09, 2022 (Gmt+09:00)
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Earnings
KT posts highest Q1-Q3 operating profit since 2012
KT Corp., South Korea’s major telecommunications firm, posted 1.5 trillion won ($1.1 billion) in cumulative operating profit for the first thr...
Nov 08, 2022 (Gmt+09:00)
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Investment banking
Korea's KB Securities to earn market's 1st quadruple crown
In a first for a Korean brokerage, KB Securities has led all major performance categories this year and could achieve the domestic sector's first "q...
Nov 03, 2022 (Gmt+09:00)
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Banking & Finance
Korean American women leaders in finance stress finding joy in work
NEW YORK – One by one, impeccably dressed Korean American women flocked into the Anchorage Capital Group’s headquarters in New York City...
Nov 03, 2022 (Gmt+09:00)
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Corporate strategy
Market Kurly drops Market from platform name to expand business scope
South Korea’s Kurly Inc. has changed the name of its grocery delivery service platform Market Kurly to Kurly as part of its corporate strategy...
Nov 02, 2022 (Gmt+09:00)
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Retail
Lotte Shopping joins hands with UK's Ocado to build online grocery store
Lotte Shopping Co. will join forces with the Hertfordshire, England-based Ocado Group, which licenses grocery fulfillment technology to retailers.&n...
Nov 01, 2022 (Gmt+09:00)
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Webtoons
Naver Webtoon to pursue profits with Yonder app launch in US
South Korea’s Naver Webtoon Corp. has been successful in the domestic market with its loyal subscribers willing to pay to read a diverse libra...
Oct 31, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Korea’s FTC to toughen reviews on platform sector M&As
South Korea’s antitrust body is set to strengthen reviews on acquisitions for different businesses in the platform industry to resolve the pro...
Oct 21, 2022 (Gmt+09:00)
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Korean startups
DRIMAES to produce cloud-based car control platform with Qualcomm
Daegu-based startup DRIMAES is poised to develop and mass produce a cloud-based vehicle control platform using San Diego-based semiconductor giant Q...
Oct 21, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Zuckerberg meets with Samsung executives over Meta Quest Pro
SILICON VALLEY – Mark Zuckerberg, chief executive of US tech giant Meta Platforms Inc., has met with senior officials of Samsung Electronics C...
Oct 17, 2022 (Gmt+09:00)
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E-commerce
Korea's luxury e-commerce platform Balaan completes Series C
South Korean luxury e-commerce platform operator Balaan Co. will complete the attraction of 25 billion won ($17.3 million) in investment in a Series...
Oct 16, 2022 (Gmt+09:00)
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Korean startups
Edtech Onuii breaking barriers to private tutoring one tablet at a time
In an interview with The Korea Economic Daily, CEO of Onuii Go Yejin said she used to love contemplating a lot of random things since her elementary...
Oct 12, 2022 (Gmt+09:00)
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Automobiles
Hyundai Mobis, Luxoft to unveil infotainment system for future mobility
South Korea’s largest auto parts maker Hyundai Mobis Co. and Swiss technology company Luxoft have jointly developed an advanced in-vehicle inf...
Oct 11, 2022 (Gmt+09:00)
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Batteries
LG Energy to launch battery swapping services
LG Energy Solution Ltd., a South Korean rechargeable battery maker, has launched two in-house ventures to enter the battery swapping and energy aggr...
Oct 05, 2022 (Gmt+09:00)
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E-commerce
Naver to buy Poshmark at $1.6 bn to boost US e-commerce biz
Naver Corp. is set to take over US Poshmark Inc. for some $1.6 billion to make inroads into the e-commerce sector in North America as South Korea&rs...
Oct 04, 2022 (Gmt+09:00)