Coupang, the unicorn that is defining e-commerce in Korea, announced today that it has hired Jay Jorgensen, Walmart’s former global chief ethics and compliance officer, to serve as its general counsel and chief compliance officer. Jorgensen will relocate to Seoul for the position. Founded in 2010, with a total of $3.4 billion raised from investors […]
View More Korean e-commerce unicorn Coupang hires Walmart’s former global chief compliance officerCategory: korea
This robotics museum in Korea will construct itself (in theory)
The planned Robot Science Museum in Seoul will have a humdinger of a first exhibition: its own robotic construction. It’s very much a publicity stunt, though a fun one — but who knows? Perhaps robots putting buildings together won’t be so uncommon in the next few years, in which case Korea will just be an […]
View More This robotics museum in Korea will construct itself (in theory)Wattpad’s latest deal will turn its stories into TV shows and movies in Korea
Wattpad’s ambitions to grow beyond a storytelling community for young adults took another leap forward today with the announcement of a new partnership that will help expand its reach in Asia. The company has teamed up with Huayi Brothers in Korea, who will now be Wattpad’s exclusive entertainment partner in the region. The two companies […]
View More Wattpad’s latest deal will turn its stories into TV shows and movies in KoreaGlobal investor SparkLabs launches a consultancy business for corporates
Global investor SparkLabs is adding another business line after it announced a new consultancy division that’s aimed at working with Fortune 500 companies and other global corporates keen to deepen their position in tech. Best known for its funds — which cover global deals, a crypto vehicle and a Korea-based fund — and over half a dozen accelerator programs worldwide, […]
View More Global investor SparkLabs launches a consultancy business for corporatesFoxconn pulls back on its $10 billion dollar factory commitment
Well that didn’t last long. In 2017, Foxconn announced the largest investment of a foreign company in the United States when it selected Mount Pleasant, Wisconsin for a new manufacturing facility. Buttressed by huge economic development grants from Wisconsin, an endorsement from President Trump, and Foxconn CEO Terry Gou’s vision of a maker America, the […]
View More Foxconn pulls back on its $10 billion dollar factory commitmentSandra Oh makes history at the 2019 Golden Globes, and she thanks her parents in Korean
At the 2019 Golden Globe Awards, Sandra Oh became the first actress of Asian descent to win multiple Golden Globes, the first person of Asian descent to host the ceremony, and the first woman of Asian descent in 39 years to win the Globe for best actr…
View More Sandra Oh makes history at the 2019 Golden Globes, and she thanks her parents in KoreanPayment service Toss becomes Korea’s newest unicorn after raising $80M
South Korea has got its third unicorn startup after Viva Republica, the company beyond popular payment app Toss, announced it has raised an $80 million round at a valuation of $1.2 billion. This new round is led by U.S. firms Kleiner Perkins and Ribbit Capital, both of which cut their first checks for Korea with this […]
View More Payment service Toss becomes Korea’s newest unicorn after raising $80MSouth Korea charges 9 people for selling Samsung’s foldable phone secrets to China
Sherlock, it seems to be a case of Techspionage.
South Korean prosecutors have filed charges against nine people and two companies for selling Samsung’s intellectual trade secrets to a Chinese company, Bloomberg reported late Wednesday evening per a …
Chat app Line’s games business raises $110M for growth opportunities
Messaging app firm Line has given up majority control of its Line Games business after it raised outside financing to expand its collection of titles and go after global opportunities. The Line Games business was formed earlier this year when Line merged its existing gaming division from NextFloor, the Korea-based game publisher that it acquired in […]
View More Chat app Line’s games business raises $110M for growth opportunitiesFirst DJI, now Bang & Olufsen gets Line Friends-themed products
Line is a pretty busy company. Beyond a messaging app that claims over 160 million users, the company operates service like music streaming, manga, food delivery, games and it is also venturing into crypto. The company has long been known for its playful characters — Line Friends — which are a core part of its […]
View More First DJI, now Bang & Olufsen gets Line Friends-themed productsMessaging firm Line launches a dedicated crypto fund
Messaging company Line is continuing to burrow deep into the crypto space after it announced the launch of a $10 million investment fund. The fund will be operated by Line’s Korea-based blockchain subsidiary Unblock Corporation, which is tasked with research, education and other blockchain-related services. The fund will be called Unblock Ventures and it’ll initially have […]
View More Messaging firm Line launches a dedicated crypto fundMusical.ly investor bets on internet radio with $17M deal for Korea’s Spoon Radio
One of the early backers of Musical.ly, the short video app that was acquired for $1 billion, is making a major bet that internet radio is one of the next big trends in media. Goodwater Capital, one of a number of backers that won big when ByteDance acquired Musical.ly last year, has joined forces with […]
View More Musical.ly investor bets on internet radio with $17M deal for Korea’s Spoon Radio