Kate Park
Terraform Labs co-founder Do Kwon pleaded not guilty in a Montenegrin court on Thursday to a charge of forging his passport and travel documents.
Kwon’s hearing comes a month after Kwon and Chang-joon Han, Kwon’s former colleague, who also pleaded not guilty, were arrested at the airport in Podgorica, the...
Kakao Pay, the online payment service of South Korean messaging and internet giant Kakao, announced that it has acquired a stake in Siebert Financial, a brokerage firm based in New York. Kakao spent $17 million on this transaction and the company now owns a 19.9% stake in Siebert.
This...
Japanese shared micromobility startup Luup has raised $30 million (4.5 billion yen) in a Series D financing round, which consists of 3.8 billion yen in equity and 700 million yen in debt.
Luup has now amassed a total of $68 million in equity, debt, and asset financing to date,...
SoftBank is selling one of its venture capital arms, South Korea-based SoftBank Ventures Asia (SBVA), to The Edgeof, a Singaporean investment firm, according to the two companies.
The deal’s financial terms have not been disclosed, but the Singaporean VC firm aims to complete the acquisition this year.
Last month, SoftBank...
South Korea’s Fair Trade Commission (KFTC) has fined Alphabet’s Google 42.1 billion won (~ $32 million) for blocking developers from releasing mobile video games on a Korean competitor platform called One Store.
On Tuesday, the KFTC said that Google allegedly required Korean video game companies to exclusively release their...
Samsung Electronics plans to cut back memory chip production as its operating profit in the first quarter of 2023 is expected to plummet about 96% from the previous year. This will be the lowest profit posted by the South Korean tech giant since Q1 2009.
The global macroeconomic slowdown,...
Green Labs, a Seoul-based agritech startup, has secured $38.4 million (50 billion won) in debt financing from existing investors BRV Capital Management and Skylake Incuvest. The new funding comes just a month after the startup laid off around 70% of its workforce, or 350 people, in February as part of a...
Do Kwon, the founder of Terraform Labs, which operated the so-called TerraUSD stablecoin and its sister token LUNA, was arrested in Montenegro Thursday morning after months in hiding while trying to board a flight to flee Dubai with falsified documents.
Thursday night — a few hours after Kwon was arrested...
The startup funding environment is more challenging right now, but some companies and industries still draw investors’ attention and money. The luxury fashion resale market is one of them in Asia.
Kream, a reselling platform that buys, sells and trades luxury goods like handbags, clothing, accessories, said it has...
After months of regulatory delays, Apple users in South Korea finally saw the launch of Apple Pay today. As with other markets, Apple’s wallet and payment service in Korea will work across iPhone, Apple Watch, iPad and Mac.
The question now is whether Google, which also has been trying...
