D.CAMP ramps up support for Korean startups' foray abroad

D.CAMP, the largest non-profit foundation for startups in South Korea, plans to offer enhanced support for local startups' eyeing overseas expansion...

Tencent increases appetite for Korean gaming startups

Chinese technology giant Tencent Holdings has been gobbling up South Korean gaming startups that have yet to launch their first products, a move see...

S.Korean startups' combined valuation tops $150 billion

South Korean startups' combined valuation has topped 170 trillion won ($150 billion), accounting for nearly half of the country's junior bourse Kosd...

Seed investors shy from investing in early stage startups amid pandemic

Early stage startups are almost always risky ventures, promising but unprofitable, and far from market-ready – often making it challenging to ...

Orion boosts presence in India's $15 bn confectionery market

South Korea-based confectionery Orion Corp. has set up a plant in India, the second-most populous country in the world, to respond quickly to local ...

Kakao's edtech startup eyes 2022 listing

South Korea-based edtech startup Yanadoo is the latest affiliate of Kakao Corp., the country's largest messaging app operator, to prepare for an ini...

Netmarble buys majority stake in US game maker Kung Fu Factory

Netmarble Corp., a South Korean mobile game developer, has acquired a majority stake in Kung Fu Factory, a US independent game company, for an undis...

Korean game firms target global market with IP portfolio

The growth of South Korea's game industry this year is likely to be led by new titles created by cashing in on the intellectual property of popular ...

Match Group buys Korean video chat startup for $1.73 bn

Match Group, the operator of the world’s largest dating app Tinder, has agreed to buy 100% of South Korea’s leading video chat startup...

Startups spice up Korean food export market

South Korean startups are at the forefront of the Korean food export boom as they boost global awareness of popular dishes such as spicy fermented c...

Hyundai, KDB launch fund to foster mobility startups

Hyundai Motor Group and Korea Development Bank have decided to create a 74.5 billion won ($67 million) fund to invest in startups that offer future ...

US auto startup set to buy 51% of Ssangyong Motor for $250 mn

HAAH Automotive Holdings Inc., a US automobile distributor, is planning to inject $250 million into South Korea's Ssangyong Motor Co. to take a 51% ...

Startup foundation D.CAMP generates $6 bn in economic value

D.CAMP, South Korea's largest non-profit foundation for startups, has generated 6.7 trillion won ($6 billion) in economic value, including 32,523 ...

Naver-invested startups line up for IPOs; market seems welcome

South Korean startups invested in by top online portal Naver Corp. are gearing up for debuts on the local bourse amid expectations of a welcome mark...

ESG becomes name of the game on Korean corporate boards

South Korea’s big companies, such as Samsung, Hyundai and LG, are increasingly embracing environmental, social and governance (ESG) standards ...

S.Korean game behemoth invests $16 mn in Elon Musk's SpaceX

The founder of South Korea's leading game company Nexon Co. has invested $16 million in SpaceX, the aerospace company headed by Elon Musk, chief e...

K-startup products sweep CES 2021 innovation awards honors

A number of products and technologies of Korean startups have received Innovation Awards honors at the Consumer Electronics Show (CES) 2021, the wor...

Hyundai, Kia rev up SUV sales in India amid pandemic lockdown

Hyundai Motor Co. and its sister firm Kia Motors Corp. are emerging as preferred sport-utility vehicle brands in India, as one in every two SUVs sol...

Satellite launcher startup raises over $7 mn in Series A funding

South Korea's Innospace Co., which develops launch systems to carry small satellites into space, is set to complete its Series A funding round of ...

S.Korean game industry boasts strong growth; set to exceed $16 bn

South Korea’s game market size is projected to exceed 18 trillion won ($16.6 billion) this year, driven by game enthusiasts who have remained ...

Seoul stock markets brimming with startup IPOs in Jan

Singapore-based biosimilar maker Prestige BioPharma and nine startups are set to make initial public offerings in Seoul to raise at least 640 billio...

D.CAMP eyes tech startups for global expansion

D.CAMP, South Korea's largest non-profit foundation for startups, is on the lookout for domestic tech startups with the potential to go big in glo...

Autonomous driving startup 42dot plans Level 4 self-driving in Seoul

42dot, a South Korea-based autonomous driving startup, plans to launch a Level 4 self-driving service in some areas of Seoul next year.The company s...

Kakao Games injects $173mn into S.Korean game company

Kakao Games Corp. has injected around 190 billion won ($173 million) into South Korean game company Neptune Corp., pouring in nearly half the proc...

Samsung clinches 2nd deal to make Nvidia’s latest gaming chips

Samsung Electronics Co. will manufacture Nvidia Corp.’s latest gaming chips in the second such contract of the year from the US chipmaker, as ...

Neptune rises as dark horse in global game industry

A South Korean game company is hoping to shake up the global game landscape with its latest title, Eternal Return: Black Survival, a PC game that ...

S.Korean games, entertainment eye China return after 3-year ban

South Korea's game and entertainment companies saw their share prices surge on rising expectations of a return to the Chinese market after a Korea...

Global NAND market in game of chicken as Samsung ups ante

Samsung Electronics Co. is upping the ante to extend its leadership in the memory chip sector with a vow to invest heavily in the NAND business next...

Saudi crown prince to be top shareholder of Seoul-listed gaming firm

The Crown Prince of Saudi Arabia Mohammed bin Salman has agreed to buy 240 billion won ($217 million) worth of shares in the South Korea-listed game...

Techstars to invest in 30 Korean startups by 2022

Global startup accelerator Techstars plans to invest in 30 startups in South Korea, which has a more mature and open-minded venture capital market c...