AI operations automation
Scope
Date
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Korean startups
Korea's sole AI chip designer takes on automotive chip market
South Korea-based semiconductor intellectual property provider Openedges Technology Inc. has come into the limelight with global automaker Hyundai M...
Jul 28, 2021 (Gmt+09:00)
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Korean startups
AI startup DevUnlimit gamifies home fitness to offer stress-free exercise
South Korea-based fitness content startup DevUnlimit Inc. has developed an artificial intelligence-based fitness platform that gamifies exercise rou...
Jul 27, 2021 (Gmt+09:00)
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Korean startups
4by4's AI solution for high-def video content lures metaverse players
Displays are everywhere – refrigerators, automobiles, and even robots. And this display boom has sparked a fresh opportunity for 4by4 Inc., a ...
Jul 21, 2021 (Gmt+09:00)
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Korean startups
Top industry talents launch AI chip startup; market takes note
South Korea-based artificial intelligence (AI) startup Rebellions Inc. is drawing industry attention as AI chips become mainstays of the semiconduct...
Jul 15, 2021 (Gmt+09:00)
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Korean startups
Qraft's AI-powered ETFs wow Wall Street with winning stock picks
South Korea-based fintech startup Qraft Technologies Inc. captured the attention of Wall Street in May 2019, when it listed two artificial intellige...
Jul 13, 2021 (Gmt+09:00)
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Entertainment
SAMG animation hits No.1 in China, LatAm; eyes 2022 IPO
South Korea-based 3D animation company SAMG Entertainment Co. is enjoying great success in China and Latin America thanks to its animation series' p...
Jul 13, 2021 (Gmt+09:00)
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Earnings
POSCO returns from pandemic blues with record quarterly profit
South Korea’s largest steelmaker POSCO is emerging stronger from the pandemic-caused economic slowdown, with a record quarterly profit on robu...
Jul 09, 2021 (Gmt+09:00)
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Earnings
LG Electronics flags highest Q2 operating profit in 12 years
LG Electronics Inc. on Wednesday reported a likely 66% jump in its second-quarter operating profit on the back of strong pent-up demand for home app...
Jul 07, 2021 (Gmt+09:00)
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Earnings
Samsung Elec's Q2 operating profit beats forecast on strong chip business
Samsung Electronics Co. said its operating profit in the second quarter likely surged more than 50%, beating market expectations, thanks to its heal...
Jul 07, 2021 (Gmt+09:00)
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Korean startups
Neosapience develops AI voice actors that sound like humans, not robots
In February 2020, a South Korean broadcasting network aired a virtual reality (VR) reunion between a grieving mother and her late daughter. The docu...
Jul 06, 2021 (Gmt+09:00)
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Electronics
LG Electronics sees decent growth in US home appliance business
South Korea’s LG Electronics Inc. expects to post significant revenue growth in its home appliance business in the second quarter, driven by p...
Jul 06, 2021 (Gmt+09:00)
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Artificial intelligence
Naver says it's constructing world’s first robot-friendly building
The world’s first “robot-friendly” building will complete construction in the second half of this year by South Korea’s tech...
Jul 05, 2021 (Gmt+09:00)
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Smart logistics
LG CNS to launch Korea’s first drive-through micro-fulfillment center
Micro-fulfillment is on everyone’s lips these days, or so it seems, as retailers compete to drastically slash delivery times for online orders...
Jul 05, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai innovates EV manufacturing with smart factory system
South Korea’s top carmaker Hyundai Motor Co. is making innovations in its electric vehicle manufacturing processes. The company on July 1 reve...
Jul 02, 2021 (Gmt+09:00)
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Korean startups
Atlas Labs makes it easy to transcribe phone calls via AI technology
South Korean startup Atlas Labs is making it easier for people to keep track of their phone conversations via Switch, an app that uses artificial in...
Jun 30, 2021 (Gmt+09:00)
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Korean startups
AI startup Voyager X raises over $25 mn in Series A funding round
South Korea-based artificial intelligence startup Voyager X Inc. has successfully raised around 30 billion won ($26.4 million) in a Series A funding...
Jun 23, 2021 (Gmt+09:00)
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Private equity
Korean PEFs buy Spyder's S.Korean license for over $50 mn
A consortium of three South Korean private equity firms has acquired the domestic operations of the US sportswear brand Spyder for 60 billion won ($...
Jun 11, 2021 (Gmt+09:00)
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Korean startups
FastFive secures near $30 mn; pushes to become office solutions provider
South Korea's co-working space provider FastFive Co. announced on June 11 that it has raised 30 billion won ($27 million) from seven investors, brin...
Jun 11, 2021 (Gmt+09:00)
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Automobiles
Parts maker Mando to split off self-driving operations
Mando Corp., a South Korean auto parts maker under Halla Group, is splitting off the autonomous driving business into a separate entity to sharpen i...
Jun 09, 2021 (Gmt+09:00)
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IPOs
AI edtech startup Buzzvil readies for 2022 listing; hires IPO manager
South Korea-based artificial intelligence startup Buzzvil is preparing to make a trading debut on the country’s junior bourse Kosdaq in the th...
Jun 09, 2021 (Gmt+09:00)
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Korean startups
Shopping app Ably raises another $55 mn
South Korea-based Ably Co., operator of the fashion app Ably, announced on Jun. 2 that it has raised 62 billion won ($55.7 million) in a Series B ex...
Jun 02, 2021 (Gmt+09:00)
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Korean startups
AI chip startup FuriosaAI wraps up $70 mn Series B round
South Korea-based artificial intelligence startup FuriosaAI has recently wrapped up an 80 billion won ($72.1 million) Series B round, attracting inv...
May 31, 2021 (Gmt+09:00)
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Artificial intelligence
Samsung, Bayer join $90 mn investment in AI healthcare app Ada Health
Samsung Electronics Co. and Germany’s pharmaceutical giant Bayer AG have made a joint investment in the Berlin-based artificial intelligence (...
May 28, 2021 (Gmt+09:00)
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Korean startups
AI-based startup Riiid raises $175 mn from SoftBank
Artificial intelligence-based learning platform Riiid Inc. has raised $175 million from SoftBank Vision Fund 2, the South Korean company said on May...
May 25, 2021 (Gmt+09:00)
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Korean startups
Fashion platform Ably looks to raise over $20 mn
South Korea-based Ably Corporation, the operator of fashion platform Ably, is seeking to raise around 40 billion won ($35.3 million), attracting a p...
May 20, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Chat fiction app operator eyes global expansion, webtoon market
As smartphones have become essential to everyday life, chat fiction -- storytelling in the form of fictional text messaging -- has become popular am...
May 18, 2021 (Gmt+09:00)
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Earnings
Dongkuk Steel’s Q1 operating profit hits 5-year high as economy recovers
Dongkuk Steel Mill Co., South Korea’s third-largest steelmaker, on Monday reported its largest quarterly operating profit in nearly five years...
May 17, 2021 (Gmt+09:00)
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Construction & Planning
Hyundai CE, Amazon develop AI-based equipment diagnosis technology
Hyundai Construction Equipment Co. (Hyundai CE), an affiliate of Hyundai Heavy Industries Holdings Co., said on May 17 that it has jointly developed...
May 17, 2021 (Gmt+09:00)
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Artificial intelligence
LG Group to invest $106 mn in advanced AI tech development
South Korea’s LG Group will spend about 120 billion won ($106 million) over the next three years to establish a massive high-performance compu...
May 17, 2021 (Gmt+09:00)
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Earnings
Facebook's operating profit surges sixfold in S.Korea; tops $10 mn
Last year's South Korea-based earnings for some global IT firms were disclosed publicly for the first time only this year, following a revision to...
Apr 13, 2021 (Gmt+09:00)
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Latest News
- 1 Lotte Chemical, HD Hyundai seek big deal via merger of naphtha cracking facilities
- 2 South Korea accelerates stablecoin framework in global race
- 3 Lee vows policy overhaul to spur dividend payouts
- 4 IFEZ to apply for designation of southern Gangwha as free economic zone
- 5 Jollibee to buy chicken chain Norang Tongdak amid global K-food frenzy