Kate Park
Carousell, a Singaporean consumer-to-consumer (C2C) service platform operating across Southeast Asia, is letting go of about 110 employees, or 10% of its total headcount, in an effort to reduce costs amid a challenging market condition for the tech industry.
The announcement came from the company’s blog on Thursday, posted...
Two months ago, the Securities and Exchange Commission (SEC) said it had fined 16 Wall Street firms more than $1.1 billion for “widespread recordkeeping failures” regarding maintaining electronic communications, contravening federal securities laws. In addition, the SEC is now probing private equity firms on their employees’ use of...
South Korean prosecutors said Wednesday they have requested arrest warrants for eight people related to Terraform Labs for the alleged fraud as the local authorities widen their investigation into the collapse of the TerraUSD and Luna tokens that wiped tens of billions of dollars from the crypto market...
Many consumers and companies want to reduce their impact on the environment but may not know where to start or how to sustain the necessary changes. Tom Ferrier, the founder of Greener, an Australian cleantech startup, wants to help. He argues that sustainability and climate action doesn’t need...
The stock price of South Korea’s internet giant Kakao tumbled on Monday after a fire at a data center that cut off power on Saturday, causing several service malfunctions.
The blaze at the SK C&C data center, which houses the servers of Korea’s two largest internet companies — Kakao...
In South Korea, there are about 7.3 million small and medium-sized enterprises (SMEs) — defined as firms with less than 250 employees. Their workforces combined make up 83.1% of all corporation employees in the country, totaling about 17.1 million people, according to OECD data.
To help meet SMEs’ financial...
The Vision Fund, a venture capital arm of SoftBank, has launched a sweeping layoff process, cutting at least 30% of its workforce globally, or approximately 150 of the 500 employees, according to a report by Bloomberg.
The news comes nearly two months after SoftBank chief executive officer and founder...
A cloud kitchen — also known as a ghost kitchen or a shared kitchen — offers restaurant owners and food entrepreneurs a commercial kitchen space at a reduced cost for food delivery and takeout. This trend has been circling around the restaurant industry. More food entrepreneurs are turning...
South Korea’s Financial Supervisory Service (FSS) said on Thursday that it had found additional unusual foreign exchange transactions of $680 million, which brings the total amount of “abnormal” transfers to approximately $7.2 billion since June.
The authorities confirmed that most dubious foreign money remittances involved crypto-related activities because the transactions...
Seoul Robotics has taken a divergent path on the road to commercializing autonomous vehicles. Instead of developing and embedding the entire self-driving system, including sensors into a vehicle, Seoul is turning to surrounding infrastructure to do some of the heavy lifting.
And its contrarian approach has attracted a new...
