Kate Park

The Latest from Kate Park

Japan’s health tech Ubie wants to fuel its US expansion with $19M Series C extension

Ubie, a Tokyo-based startup providing an AI-powered symptom checker app and hospital SaaS products, has closed a $19 million extension to its previous Series C round. This brings the health tech start

Akros Technologies, an AI-powered asset management platform, raises funding from Z Holdings

Artificial intelligence is taking over almost every industry. The investment and finance industry is no exception. In Deloitte’s 2019 report, the firm reveals that AI is transforming the financi

Seoul court rejects warrants for former Terraform Labs employees and investors over Luna collapse 

A Seoul court rejected a request from prosecutors for warrants to detain eight people related to Terraform Labs, including the co-founder of Terraform Labs, Daniel Shin, early investors and former eng

Singapore-based e-commerce platform Carousell lays off 10% of staff

Carousell, a Singaporean consumer-to-consumer (C2C) service platform operating across Southeast Asia, is letting go of about 110 employees, or 10% of its total headcount, in an effort to reduce costs

Shield, a communication compliance platform for financial institutions, raises $20M

Two months ago, the Securities and Exchange Commission (SEC) said it had fined 16 Wall Street firms more than $1.1 billion for “widespread recordkeeping failures” regarding maintaining ele

South Korean prosecutors seek arrest warrants for Terraform Labs co-founder, investors and engineers

South Korean prosecutors said Wednesday they have requested arrest warrants for eight people related to Terraform Labs for the alleged fraud as the local authorities widen their investigation into the

South Korean financial regulator confirms it is reviewing Apple Pay service for launch

  Apple is poised to launch its Apple Pay service in South Korea, one of the fastest-growing countries in the world for cashless services, yet as of right now untapped by both Apple and the other

SoftBank-backed on-demand laundry startup Laundrygo picks up $37M Series C

Mom-and-pop stores and franchises — mostly offline — account for about 95% of the laundry market in South Korea, according to Laundrygo CEO Sung-woo Cho. But his South Korea–headquartered st

Elephantech wants to create circuit boards that are kinder to the environment

Printed circuit boards (PCB), which perform essential functions in electronic devices, including displays and sensors, need a lot of energy to create. Moreover, traditional PCB manufacturing processes

Korean VC Sopoong closes $8M fund for startups focused on environmental impact

Two years ago, South Korea unveiled a plan to reach carbon neutrality by 2050. Getting there will be another story. Although Korean manufacturers say they are trying to change their ways, the country&

SoftBank, NEC, Sony, Toyota + more team up for Rapidus, Japan’s bid for next-gen chip domination

As the tech war between the U.S. and China intensifies, Japan has spotted an opening to build a viable alternative for semiconductors — not least so that its own consumer electronics firms do no

Web3 messaging infrastructure Notifi raises $10M seed round co-led by Hashed, Race Capital 

Notifi, a communication infrastructure platform for web3, said Tuesday it has raised $10 million in an oversubscribed seed funding co-led by previous backers Hashed and Race Capital. Other investors i

Line launches NFT marketplace on its platform DOSI 

Japanese messaging app Line’s non-fungible token (NFT) unit LineNext said Tuesday that it has launched a consumer-to-consumer (C2C) marketplace on the NFT platform DOSI. The C2C trading service al

Meet Seoul-based accelerator SparkLabs’ 19th batch of startups 

SparkLabs Korea, a Seoul-based seed to early-stage accelerator, held a demo Day on Thursday for its 19th cohort of companies. The latest demo day marks its tenth year after SparkLabs launched its acce

Samsung names Jay Y Lee executive chairman amid global economic downturn

Samsung Electronics has appointed Jay Y. Lee as the executive chairman to lead the world’s largest smartphone and memory chipmaker, two months after the heir received a presidential pardon that

Korean internet giant Naver eyes North America, Europe as it grows its C2C marketplace business

Naver is using its acquisition of Poshmark to expand in North America and Europe as it grows its consumer-to-consumer marketplace business.

Greener wants to help consumers and businesses be more sustainable

Many consumers and companies want to reduce their impact on the environment but may not know where to start or how to sustain the necessary changes. Tom Ferrier, the founder of Greener, an Australian

Kakao co-CEO resigns, company to invest over $300M to build data center after mass outage

Whon Namkoong, the co-chief executive of Kakao, has resigned in a remarkable demonstration of corporate accountability after a fire incident at an SK C&C data center in Pangyo, south of Seoul, cau

Shares of Korean internet giant Kakao slide after fire disrupts service

The stock price of South Korea’s internet giant Kakao tumbled on Monday after a fire at a data center that cut off power on Saturday, causing several service malfunctions. The blaze at the SK C&

AgriWebb’s software seeks to boost yields, lower environmental impacts for farmers and ranchers

AgriWebb is on a mission to help livestock producers feed the world efficiently, profitably and sustainably by providing its comprehensive, ground-truth database for beef production worldwide. The Aus
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