Kate Park
According to eMarketer, Japan and Korea’s e-commerce markets were estimated at $144 billion and $121 billion, respectively, in 2021. Despite the large e-commerce market size, both countries have fewer e-commerce aggregators than other countries with smaller markets, South Korean e-commerce aggregator New Vessel said.
The startup announced today it has raised...
Atommerce, a Korean startup that helps users connect with mental health professionals via a mobile app MiNDCAFE, plans to scale its service for growth with a $16.7 million Series B, which was three times oversubscribed within two months.
With the recent funding, Atommerce plans to enhance artificial intelligence and...
Most companies today recognize the importance of global warming. As such, they are redefining their goals in an effort to address the climate change issue.
Envisioning Partners, a Seoul-based venture capital firm, has secured its latest impact fund, the oversubscribed $64 million (76.8 billion KRW) Envisioning Climate Solutions (ECS)...
Morai, which provides autonomous vehicle developers with automotive simulation tools to verify the safety and reliability of self-driving systems, announced today it has raised $20.8 million (25 billion KRW) in a Series B funding round as it wants to increase its global presence, specifically into the U.S., Germany,...
Zigbang, a South Korean proptech startup that provides real estate transactions service, announced on Thursday that it will acquire Samsung SDS’ home internet of things (IoT) unit to make a foray into the smart home industry.
Samsung SDS sells the smart home IoT division, which is the only B2C business...
South Korea’s electric vehicle battery maker LG Energy Solution made a successful market debut on Thursday. The market capitalization of LG Energy stood at $98.3 billion (118 trillion KRW) at the close of trading on local stock exchanges, making it the country’s second valuable firm after Samsung Electronics.
The...
Refract, a Singapore-based extended reality (XR) startup, announced today it has closed approximately $8.5million SGD (approximately $6million) Series A led by Sea Limited along with international family offices and individual investors.
The latest funding will be used to intensify R&D for AXIS, a wearable and game-oriented full-body motion...
Greenlabs, a South Korean agtech startup, announced this week it has closed a $140 million Series C led by BlueRun Ventures, with participation from Skylake Incuvest and SK Square.
The startup plans to use the Series C, which brings its total raised to $170 million to date, to expedite...
South Korea-based human resources management platform flex announced today it has closed a $32 million Series B round at a valuation of $298 million. The latest funding, which brings its total raised to $42 million, was led by Greenoaks, with participation from DST Partners.
The startup’s mission is to...
North Korean hackers launched at least seven attacks on cryptocurrency platforms last year to steal almost $400 million worth of digital assets, according to a report by blockchain analysis firm Chainalysis.
“From 2020 to 2021, the number of North Korean-linked hacks jumped from four to seven, and the value...
