Kate Park

The Latest from Kate Park

South Korean antitrust regulator fines Google $177M for abusing market dominance

The Korea Fair Trade Commission (KFTC) said on Tuesday it fined Google $177 million for abusing its market dominance in the Android operating system (OS) market. The U.S. tech company has restricted m

Chinese crackdown on tech giants threatens its cloud market growth

As Chinese tech companies come under regulatory scrutiny at home, concerns and pressures are escalating among investors and domestic tech companies, including China’s four big cloud companies, BATH

Epic Games asks Apple to reinstate Fortnite in South Korea after new law

Epic Games has asked Apple to rejoin its Fortnite developer account in South Korea as the U.S. game maker plans to re-release Fortnite on iOS in South Korea, offering both Epic and Apple payments side

Teatis, low-sugar superfood powders developer for diabetics, closes seed round

Serial entrepreneur Hiroshi Takatoh recognized the need for convenient and nutritious food for critically ill consumers after losing his wife to cancer. Takatoh founded Teatis, a plant-based sugar-blo

PayPal acquires Japan’s Paidy for $2.7B to crack the buy now, pay later market in Asia  

PayPal Holdings, the U.S. fintech company, announced an acquisition of Paidy, a Japanese buy now, pay later (BNPL) service platform, for approximately $2.7 billion (300 billion yen), mostly in cash, t

H2O Hospitality secures $30M Series C to expedite hotel digital transformation

The pandemic has triggered more demand for contactless and staffless operations in the hospitality sector, and now H2O Hospitality, the unmanned hotel management company, has closed a $30 million roun

Online learning platform CLASS101 bags $26M Series B to support growth

Everything is switching from offline to online mode, spurred by the pandemic, and that also has turned around things for the creative economy. Creative professionals continue to look for ways to monet

Apple announces new settlement with Japan allowing developers to link to external websites  

Apple has reached a settlement with the Japanese regulator to allow developers of “reader” apps to link to their own websites for users to manage their accounts. The change goes to effect in early

Skit raises $23M Series B round led by WestBridge Capital to accelerate its growth

“Traditional voice-based call center service is difficult and costly. This is where artificial intelligence and voice technology have presented an opportunity for enterprises to overcome the challen

South Korea passes ‘Anti-Google law’ bill to curb Google, Apple in-app payment commission

After a number of delays, South Korea’s National Assembly today voted to approve the passage of its “Anti-Google law.” Nicknamed after the search giant but more wide-ranging, the law will preven

Coral Capital closes third fund with $128M for startups in Japan

Coral Capital, a Tokyo-based venture capital firm, announced today that it has closed its third fund, Coral Capital III, raising $128 million (14 billion yen). Coral Capital’s total assets under man

Korean 3D spatial data tool startup Urbanbase closes $11.1M Series B+ round

Urbanbase, a Seoul-based company that develops a 3D spatial data platform for interior planning and design, announced today it has raised $11.1 million (13 billion won) in a Series B+ round as it scal

AI voice, synthetic speech company LOVO gets $4.5M pre-series A funding

“Voice skins” have become a very popular feature for AI-based voice assistants, to help personalize some of the more anodyne aspects of helpful, yet also kind of bland and robotic, speaking voices

Final vote delayed for Korea’s plan to ban Google and Apple in-app payment rules

As Apple and Google continue to face increasing scrutiny over the rules they set for how third-party apps in their app stores charge for services, a significant development in that story is going down

Samsung to invest $205B in semiconductor, biopharma and telco units by 2023, creating 40,000 jobs

Samsung Group, South Korea’s tech giant, announced on Tuesday that it will invest $205 billion (240 trillion won) in their semiconductor, biopharmaceuticals and telecommunications units over the nex

Japan’s B2B ordering and supply platform CADDi raises $73 million Series B funding

With COVID-19 disrupting the entire manufacturing supply chain including semiconductor shortages, companies across multiple industries have been struggling to seek a procurement solution that can reba

South Korean online secondhand marketplace Danggeun Market raises $162M at a $2.7B valuation

Danggeun Market, the publisher of South Korea’s hyperlocal community app Karrot, announced it has raised $162 million in a Series D round of funding with a valuation of $2.7 billion. (By the way, Da