This is a hallmark of great power competition: Competitive initiatives like AUKUS provide visible ways to counter or balance or complicate China’s military activities but don’t necessarily help allies meet […]
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Back to news homeApps to reach record highs in Q3 of 36B downloads and $34B in consumer spending
A new forecast on the state of the app economy indicates the third quarter will see record-breaking revenues spent on apps and games. According to App Annie, consumers worldwide will […]
Epic Games asks Apple to reinstate Fortnite in South Korea after new law
Epic Games has asked Apple to rejoin its Fortnite developer account in South Korea as the U.S. game maker plans to re-release Fortnite on iOS in South Korea, offering both […]
Driven by live streams, consumer spending in social apps to hit $17.2B in 2025
The live streaming boom is driving a significant uptick in the creator economy, as a new forecast estimates consumers will spend $6.78 billion in social apps in 2021. That figure […]
H2O Hospitality secures $30M Series C to expedite hotel digital transformation
The pandemic has triggered more demand for contactless and staff-less operations in the hospitality sector, and now H2O Hospitality, the unmanned hotel management company, has closed a $30 million round […]
China’s Weibo Suspends BTS, Blackpink and EXO Fan Accounts
Agnes He, a university student in the southeastern Jiangsu Province of China, said that she believed it could help rein in fan behavior that had gone too far. But she […]
Korean 3D spatial data tool startup Urbanbase closes $11.1M Series B+ round
Urbanbase, a Seoul-based company that develops a 3D spatial data platform for interior planning and design, announced today it has raised $11.1 million (13 billion won) in a Series B+ […]
Apple and Google’s Fight in Seoul Tests Biden in Washington
WASHINGTON — For months, Apple and Google have been fighting a bill in the South Korean legislature that they say could imperil their lucrative app store businesses. The companies have […]
South Korean online secondhand marketplace Danggeun Market raises $162M at a $2.7B valuation
Danggeun Market, the publisher of South Korea’s hyperlocal community app Karrot, announced it has raised $162 million in a Series D round of funding with a valuation of $2.7 billion. […]
Clop ransomware gang doxes two new victims days after police raids
The notorious Clop ransomware operation appears to be back in business, just days after Ukrainian police arrested six alleged members of the gang. Last week, a law enforcement operation conducted […]