Kate Park

The Latest from Kate Park

Apple Pay is now available in South Korea

After years of regulatory delays, Apple users in South Korea can finally start using Apple Pay from today.

Samsung commits $230B for five new chip plants in South Korea

Samsung Electronics said today that it plans to invest approximately $230 billion (300 trillion won) to build five new memory and foundry fabs in South Korea — a big move in line with the govern

LexxPluss expands into US with its warehouse robots

When Masaya Aso worked on autonomous driving technology at Bosch in Japan and Germany, he realized that “many tasks were still manual as over 85% of warehouses have almost no automation at all.&

Kakao to close Tapas Entertainment Korean office next month as part of a restructuring

Kakao Entertainment, owned by South Korean tech giant Kakao, will shut down the Korean branch of Tapas Entertainment, the U.S.-headquartered storytelling platform, next month.  Kakao Entertainment to

Metaverse payment platform Tilia gets strategic investment from J.P. Morgan

“Today, the way people transact has evolved,” newly appointed chief business officer (CBO) of Tilia Catherine Porter told me in an interview. “The rise of user-generated content (UGC

Indonesia’s Broom builds out automated asset-backed lending for used car dealers

The Indonesian used car market is on a course for growth fueled by a number of trends: the increasing digitization in used car sales; a larger variety of finance options; and the COVID-19 pandemic, w

Houseware launches out of stealth to help SaaS companies optimize revenue using data

Using data to make better decisions faster helps startups in the crowded SaaS space improve product development, identify hidden market opportunities and complete work with fewer false steps, importan

Growfin’s AI-based cash collection SaaS expands further to US and Asia

Cash management — tracking who needs to pay an invoice and whether it’s been done — can make or break a business. Now, a startup building SaaS software to help finance departments ma

Indent raises $8.1M funding for its AI-powered customer video review tool

According to a recent report, 92.4% of consumers use reviews when deciding to purchase products. It’s understandable. They want confidence in their purchase choice before buying a product online

E-commerce aggregator Una Brands lands $30M just five months after its Series B 

Una Brands, a Singapore-based e-commerce aggregator, has raised $30 million in pre-Series C financing just five months after announcing its $30 million Series B funding that was raised in September o

How are global chipmakers preparing for the US-China chip war?

It appears the U.S. isn’t content to wager that small actions can achieve the wide-ranging impacts necessary to gain an edge over China in the development of AI and machine learning technologies.

Poshmark lays off employees just two months after being acquired by Naver

Poshmark, a Redwood City, California-headquartered secondhand apparel marketplace, is laying off a proportion of its 800+ employees. The reduction is coming about two months after South Korean intern

Agtech Green Labs is the latest Korean startup to lay off employees 

Green Labs, a South Korean agtech startup that raised $140 million (170 billion won) Series C in January last year, is cutting a significant number of jobs. People familiar with the matter confirmed t

Japan’s central bank to pilot digital currency starting in April

Japan is joining a growing list of countries exploring the possibility of adopting a digital currency, with the country’s central bank, the Bank of Japan (BoJ), announcing that it would launch a

SEC charges Terraform Labs and founder Do Kwon with defrauding investors

The U.S. Securities and Exchange Commission has charged the collapsed blockchain firm and stablecoin operator Terraform Labs and its founder Do Kwon with defrauding U.S. investors who purchased the di

South Korea boosts its AI chip industry with $642M amid ChatGPT frenzy

South Korea hopes to be a key player in fulfilling the new global demand for next-generation AI chips, and today the government put some money where its mouth is: The country’s Ministry of Scien

Korea’s Portlogics makes international shipping easier for merchants with its software tool

Most merchants in South Korea keep track of their international shipping logistics via email until their cargo safely gets to its destination. This includes all the administrative processes, from ship

Binance acquires majority stake in Korean crypto exchange GOPAX

Binance Holdings plans to return to South Korea after pulling out of the market in 2021. The world’s largest cryptocurrency trading platform by volume said it had acquired a majority stake in S

Apple Pay gets the green light to launch its service in South Korea

A South Korean financial regulator said on Friday that the country had approved the Apple Pay launch to allow local credit card firms to introduce the Apple Pay service. The announcement comes nearly

Energy X secures $20M at $120M valuation to slash building sector emissions

Countries worldwide have pledged to reduce their energy usage and reach net-zero energy targets by 2050. To get there, they will need to find clever ways to decarbonize especially dirty businesses, in
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