E-Commerce Startup Kurly Eyes Domestic IPO After Raising $200M

Local e-commerce startup Market Kurly announced it would be listing its shares domestically, aiming to use investments to boost its first-class deliveries.

Market Kurly Inc., a South Korean logistics and food delivery service provider announced that it would list its shares in...

South Korea MSIT Data Dam began distributing AI data to multiple essential sectors to improve existing technologies and services, further advancing the Digital New Deal.

South Korea MSIT Data Dam Kickoff Fuels AI Innovation Across Industries

by Siwoo Jung

July 8, 2021

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As part of South Korea’s Digital New Deal, the Ministry of Science and ICT (MSIT) kicked off the Data Dam...

Naver Fortifies OTT Market Footing with CJ ENM’s TVing Partnership

by Siwoo Jung

July 2, 2021

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Naver Corp. strategically invested 40 billion won ($35 million) worth of shares in the South Korean entertainment giant CJ ENM...

Netmarble Neo began its IPO process, aiming to go public within 2021’s second half and potentially catch up to industry leaders, including Krafton.

Netmarble’s Mobile Game Developer Unit Netmarble Neo Sets IPO

by Siwoo Jung

June 29, 2021

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Netmarble Neo, a game developer spinoff of Netmarble Corp., South Korea’s largest mobile gaming company, announced that it had begun...

South Korea reinforced its global 6G network leadership with a 220 billion-won investment, significantly propelling development and commercialization.

South Korea MSIT Invests 220 Billion Won For Next-Gen 6G R&D

by Siwoo Jung

June 24, 2021

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The South Korean Ministry of Science and ICT (MSIT) announced that it would be investing over 220 billion won ($193...

Samsung announced the global rollout of the upgraded 2021 Odyssey gaming monitor lineup, improving gameplay with versatile, all-inclusive, and high-performing devices. / photo courtesy of Samsung Electronics

Samsung Offers Gaming Versatility with 2021 Odyssey Lineup

by Siwoo Jung

June 22, 2021

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Samsung Electronics Co., one of the globally leading gaming monitor industry players, unveiled the upgraded 2021 Odyssey monitor lineup. The...

Kia formed an electric mobility partnership with Uber to accelerate Europe’s BEV adoption, offering educational campaigns and test drives to Uber drivers. / photo courtesy of Kia Corporation

Kia Boosts Europe’s Zero-Emission BEV Adoption with Uber

by Siwoo Jung

June 17, 2021

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Kia Corporation’s European unit and Uber Technologies Inc. announced that they had formed a strategic electric mobility partnership. The two...

Kakao received preliminary approval from the FSC for t its new digital-only non-life insurance platform launch scheduled for 2022.

Kakao Diversifies Its Portfolio with 2022 Digital Non-Life Insurance Launch

by Siwoo Jung

June 15, 2021

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Kakao Corp., one of South Korea’s leading online platform operators, shared that it plans to enter the insurance industry. South...

Naver Corp. vowed to further invest in smaller companies in various sectors after the D2SF-supported startups’ combined valuation reached 1.3 trillion won.

Naver D2SF Accelerates Startups’ Growth, Generating 99% Survival Rate

by Siwoo Jung

June 10, 2021

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Naver Corp., South Korea’s leading Internet portal operator, shared the D2 Startup Factory’s (D2SF) robust performance and future investment plans. D2SF...

Lotte and Shinsegae aim to lead the local e-commerce industry, becoming the two final competitors in eBay Korea’s acquisition after submitting binding bids.

Lotte, Shinsegae Bid to Acquire eBay, Korea’s 3rd-Largest Retail Platform

by Siwoo Jung

June 8, 2021

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The two South Korean retail companies, Lotte Group, and Shinsegae Group submitted their binding bids to acquire eBay Korea. Investment banking sources said...

Siwoo Jung