The introduction of ChatGPT has lit a fire under the shares of companies that produce microchips, the brains of artificial intelligence. Bets on the potential of so-called generative A.I. have […]
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Back to news homeKorea’s Alwayz aims to make online shopping fun again with $46M in funding
Seoul-based e-commerce company Levit, an operator of the shopping app Alwayz, wants to make the shopping experience more entertaining and affordable. The two-year-old startup has recently raised $46 million in […]
Nexon takes 20-year-old MapleStory into web3 with Haechi’s help
Nexon, one of the biggest gaming companies in the world, is wading into web3 like some of its peers in Asia. The developer of MapleStory is creating a blockchain-powered ecosystem […]
In K-Pop’s Quest for Global Growth, Korean Fans Feel Cast Aside
In a nightclub in Seoul, the crowd cheered when Harim Choi played some of the latest K-pop hits. But the decade-old songs, like those by 2NE1 and Wonder Girls, seemed […]
Kakao Mobility picks up ‘super app’ startup Splyt, once backed by SoftBank and Grab
Kakao Mobility, the ride-hailing subsidiary of South Korean messaging and internet giant Kakao, has made its first acquisition as it looks to raise its international profile. It has acquired Splyt, […]
Korea’s Portlogics makes international shipping easier for merchants with its software tool
Most merchants in South Korea keep track of their international shipping logistics via email until their cargo safely gets to its destination. This includes all the administrative processes, from shippers […]
Energy X secures $20M at $120M valuation to slash building sector emissions
Countries worldwide have pledged to reduce their energy usage and reach net-zero energy targets by 2050. To get there, they will need to find clever ways to decarbonize especially dirty […]
Kakao Entertainment lands $966M from sovereign wealth funds, including Saudi Arabia’s PIFÂ
Kakao Entertainment announced today it has raised $966 million (1.2 trillion won) in financing from sovereign wealth funds, such as Saudi Arabia’s Public Investment Fund (PIF) and Singapore-based PWARP Investment. […]
Korean Solar Company Plans to Build $2.5 Billion Plant in Georgia
The climate and tax bill President Biden signed in August to increase the use of green energy and electric cars while expanding domestic manufacturing appears to be yielding some results.A […]
Korean handmade goods marketplace Backpackr gears up to expand into Southeast Asia
About a decade ago, Donghwan Kim helped his cousin, a ceramist, look for sales channels, like flea markets, to sell his ceramics. But they had a hard time locating a […]