Kate Park

The Latest from Kate Park

AmazeVR wants to scale its virtual concert platform with $17M funding

AmazeVR, a Los Angeles-based virtual concert platform, said Tuesday it has raised a $17 million funding round to create immersive music experiences through virtual reality (VR) concerts. Like other in

Interpol issues red notice for Terra founder Do Kwon

Interpol has issued a red notice for Do Kwon, requesting law enforcement agencies worldwide search for and arrest the Terraform Labs founder whose blockchain startup collapsed earlier this year. The c

Cloud kitchen startup CloudEats raises more capital to ramp up Southeast Asian expansion 

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

South Korea finds more suspicious crypto-linked foreign exchange transactions

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 “abnorm

Inside Seoul Robotics’s contrarian approach to autonomous vehicle tech

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, Seou

South Korean prosecutors say Do Kwon ‘obviously on the run,’ ask Interpol to issue red notice

South Korean prosecutors have refuted Do Kwon’s claim from over the weekend that he is not on the run and asked Interpol to issue a red notice against the Terraform Labs’ co-founder, escal

Samsung aims to make global operations and products carbon neutral by 2050

Samsung announced Thursday it will invest more than $5 billion (7 trillion KRW) in its carbon-neutral projects and environmental technologies through 2030, aiming to make its global operations and pro

Google, Meta fined $71.8M for violating privacy law in South Korea

South Korea has hit Google and Meta with a fine of ~$71.8 million (100 billion KRW) after finding they violated the country’s privacy law, South Korean authorities said on Wednesday. The watchdo

Synthetic DNA startup Catalog partners with Seagate for its DNA-based data storage platform

Data needs to be stored somewhere. However, data storage costs keep growing, and the data people keep producing and consuming can’t keep up with the available storage. According to Internet Data Cen

Josys secures $32M Series A for its SaaS management platform 

Corporations have been dealing with IT operations and security management since the coronavirus pandemic that has changed the way in which people work — remote or hybrid work — and acceler

Y Combinator, Global Brain back Tailor, a Japanese headless ERP startup

Tailor, a Japan-based back-end enterprise resource planning (ERP) platform, said today it has raised $4.3 million in seed funding from Y Combinator and Global Brain. Founded in 2021 by Yo Shibata and

LG Electronics launches NFT platform that lets users buy and sell digital artwork

LG Electronics said today it has released its non-fungible token (NFT) platform LG Art Lab, which lets users discover, buy, sell and trade NFTs on LG’s smart TVs. The announcement comes roughly eigh

Korean eyewear brand Gentle Monster jazzes up China’s AR startup Nreal with $15M funding

Augmented reality headsets have been around for years, but none of the market players has really expanded beyond the techy demographic and broken into the mainstream. An AR startup hopes to change tha

SoftBank-backed Tridge, a Korean platform that matches food agriculture buyers and sellers, bags $37.2M Series D at a $2.7B valuation

Supply chain disruption caused by the COVID-19 pandemic and the war in Ukraine is driving increased costs of goods and services, affecting not only the industrial sector (e.g., semiconductors), but al

SoftBank-backed Socar, South Korea’s largest car-sharing startup, tumbles on market debut

Socar, South Korea’s largest car-sharing startup, tumbled in its Seoul stock market debut Monday even after pricing shares below the bottom end of a marketed range. Shares of Socar rose 1.25% from i

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
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