Kate Park

The Latest from Kate Park

YC grad QuotaBook raises $11M to scale its equity management platform

QuotaBook, a Seoul-based equity management platform, has raised $11 million in funding led by Elefund, with participation from Access Ventures, Hana Securities and South Korean fintech company Viva Re

Mycel’s mushroom-based biomaterials sprout $10M in funding

Mycel, a South Korean startup making fungal-based biomaterials that can replace leather and meat, said it has raised $10 million (13 billion WON) in a pre-Series A round of funding. Co-founder and CEO

Samsung heir receives presidential pardon in a bid to ‘overcome economic crisis’

Samsung Electronics vice chairman Jay Y. Lee will receive a presidential pardon on Monday, South Korea’s Ministry of Justice said, paving the way for the heir to the country’s biggest comp

Singapore-based cryptocurrency exchange Crypto.com enters South Korea via acquisitions 

Singapore-based cryptocurrency platform Crypto.com has acquired two startups in South Korea — payment service provider PnLink and virtual asset provider OK-BIT — for an undisclosed amount,

Kakao says emoji subscription purchases fell by a third due to Google’s new in-app policy

The number of emoji subscription purchases on the South Korean messaging app KakaoTalk has dropped by a third over the year, parent firm Kakao said in quarterly earnings call Thursday. It blamed Googl

MarqVision grabs $20M to nab counterfeiters with an AI-powered IP protection platform

As of 2020, the clothing sector lost about $27 billion in annual sales due to counterfeits, an illicit trade that results in huge losses to both brands and buyers. Clothes, accessories and luxury goo

Hyundai Motor eyes acquisition of Korean lidar-free self-driving startup 42dot

Hyundai Motor is considering increasing its stake in, or fully acquiring, the South Korea-based lidar-free autonomous mobility platform 42dot, the latest signal of its growing interest in the fast-gro

Japanese e-commerce enabler AnyMind raises funding in equity, debt for acquisitions

The pandemic has triggered more demand for online shopping and fueled many smaller retailers to establish their own online offerings. Japanese commerce enabler AnyMind, which helps brands and influenc

South Korean e-scooter company Gbike acquires Hyundai Motor’s micromobility platform ZET 

Gbike, a South Korea-based micromobility Gcooter operator, is acquiring Hyundai Motor’s shared micromobility platform ZET as it wants to increase its market share and create technological syne

Powin raises $135M funding from Singapore’s GIC, Trilantic North America and Energy Impact Partners 

Powin, an energy storage technology developer, said today it has raised $135 million in funding led by Singapore’s sovereign wealth fund GIC, with participation from existing investors Trilantic Ene

Kakao confirms it is removing its external payment option after standoff with Google 

South Korean messaging giant Kakao confirmed today it will remove an external payment option after Google blocked the South Korean company behind KakaoTalk from issuing updates.  Kakao continued usin

Japan’s SmartBank raises $20M Series A for its prepaid card and finance app

Shota Horii, his twin brother Yuta Horii and Jun Taketani co-founded SmartBank in 2019 after selling their previous startup Fablic, a Japanese online secondhand marketplace, to Rakuten in 2016. W

Posterity Health raises seed funding to help address male fertility needs

The recent decision to overturn Roe vs. Wade leaves plenty of unanswered questions about conception and what rights women have over their bodies. One startup, Posterity Health, is focusing on a long-

AI chipmaker Rebellions gets $22.8M Series A extension from Korean telco company KT 

South Korean AI chip developer Rebellions has raised a $22.8 million (30 billion KRW) extension to its Series A financing from strategic investor KT, one of the largest telecom companies in South Kor

Google halts KakaoTalk updates on Play Store in Korea after messaging app refused to remove its own payment links 

Google has stopped providing updates to popular messaging app KakaoTalk in South Korea, according to a local report, after Kakao continued using an external payment link in its Android app, against Go

Samsung Electronics starts 3-nanometer chip production ahead of TSMC

Samsung Electronics said Thursday it has kicked off mass production of 3-nanometer chips, becoming the first company to do so globally, as it aims to beat Taiwan Semiconductor Manufacturing Co, or TSM

AlgiKnit’s seaweed-sourced materials could mend the textile industry’s toxic habits

AlgiKnit is on a mission to offer more environmentally conscious materials for the heavily polluting fashion and textile industries. The startup is developing materials from seaweeds such as Macrocyst

LG Electronics is moving into the EV charging business

LG Electronics has acquired AppleMango, a South Korean electric vehicle battery charger developer, as the race to produce everything related to EVs ramps up globally. The acquisition, which was made j

Tiger Global backs SaaS omnichannel social commerce platform SleekFlow in $8M funding

Social commerce — the process of buying and selling products or services directly through social media platforms like Facebook, Instagram and TikTok — is becoming the most natural way for consumer

Lime suspends operations in South Korea due to “chaotic scooter environment”

Shared micromobility operator Lime will temporarily shut down its operations in several South Korean cities at the end of the month. Lime attributes its withdrawal to regulatory shortfalls, like the l
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