korea

Korean internet giant Kakao is launching a blockchain company

Kakao, the Korean internet firm that operates the country’s largest messaging app, is moving deeper into crypto after it revealed plans to launch a blockchain-focused business unit. A Kakao repr

Here and Naver Labs ink robotics deal to map indoor spaces

Your trip through the airport or train station may soon become a little more crowded — not with people, but with robots, busily scanning and plotting the space so that one day, even more of thei

Korea’s Kakao eyes overseas acquisitions following $1 billion raise

Korea’s Kakao, the internet giant behind the country’s top messaging app, is actively seeking overseas investment opportunities after it raised $1 billion via a placement. Kakao is valued

South Korea may or may not ban bitcoin exchanges and that’s the news

The price of bitcoin and other cryptocurrencies dropped significantly today off the back of ‘news’ that South Korea’s government might ban trading exchanges. As ever in the world of

Samsung posts another record profit thanks to its chips business

Samsung posted another record quarter, and it again has its components business to thank for more stellar results. The Korea tech giant shrugged off scandals, which include a jail sentence for its de

Samsung’s new connected tags monitor pets or kids for a week on a single charge

Samsung has something worth your time if you like to keep tabs on kids, pets or other cherished items. The Korea electronics giant just announced Connect Tag, a small internet-enabled device that trac

First China, now South Korea has banned ICOs

South Korea has banned ICOs, the up-and-coming method of raising funding via crypto tokens, due to concerns over the potential for financial scams. China’s Central Bank became the first to outla

LG launches a mobile payment service in Korea

LG announced plans for its own mobile payment service way back in November 2015, and today it finally went official with the launch. The LG Pay service is initially limited to the G6, LG’s flags

Games firm Netmarble to raise $2.35B in Korea’s largest IPO since 2010

Netmarble, one of the world’s top mobile and PC gaming firms, has filed to raise as much as $2.35 billion (2.66 trillion won) through an IPO in its native Korea. The firm said in a filing [in K

Korea’s AIM raises $1.6M for its mobile trading service

Seoul-based startup AIM has closed $1.6 million in seed funding to bring its artificial intelligence-powered app for financial investments to market in Korea, and potentially other parts of Asia. Th

Pokémon Go is finally available in South Korea

Many may have stopped playing Pokémon Go, last year’s smash hit mobile game, but fans in Korea are just getting a taste of the action after it launched in their country today. That’s righ

Prosecutors in Korea want to arrest Samsung’s leader on bribery charges

Samsung is still getting over the Galaxy Note 7, but already an investigation into alleged bribery in its native South Korea is threatening to plunge it into yet another crisis.

Samsung forecasts 50% profit jump despite Galaxy Note 7 saga

Samsung had a pretty dire last quarter of business as profits sunk by 30 percent thanks primarily to the recall of the Galaxy Note 7. There's some New Year cheer, however, with news that the Korean fi

Crunch Report | Medium in the Hot Seat

CES 2017 kicks off, Vine edges closer to its death, Medium is shifting strategies and streamlining and Netflix's upcoming Korean TV show. All this on Crunch Report.

Netflix lands its first original drama from Korea, a series based on a love-finding app

Netflix's international expansion is more than just being available worldwide, it includes the creation of content from across the planet. Last year, aside from expanding to over 190 countries, the U.

Online Korean beauty retailer Memebox raises $60M more to sharpen its focus on the U.S.

Memebox, a Y Combinator startup that sells Korean beauty products in the U.S. and Asia, has raised $60 million. The cash is an extension of the firm's Series C round which initially closed at $65.95 m

Podotree, Korean chat app Kakao’s content business, raises $107M at a $428M valuation

Kakao, the Korean mobile and web giant, is beefing up its social media and content businesses after its Podotree affiliate raised 125 billion won (around $107 million). The deal values it at 500 billi

Naver to launch $43M fund to seek out investments for its Snow and Webtoon services

Naver, the company behind U.S.-Japan-listed chat app Line, has teamed up with SoftBank to launch a global investment fund worth $43 million to help two of its promising services push on.

Samsung’s profit plummets 30% following the Galaxy Note 7 crisis

The struggle is real for Samsung. The Korean electronics giant's operating profit plunged 30 percent year-on-year as the effects of the Galaxy Note 7 crisis begin to take a financial toll.

Samsung confirms it is recalling the Galaxy Note 7 after reports of explosions

Samsung has confirmed that it is recalling the Galaxy Note 7, its newest smartphone, following reports that some devices exploded.
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