Naver D2 Startup Factory
Scope
Date
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Aerospace & Defense
Hanwha completes Australia plant for howitzers, armored vehicles
South Korea’s Hanwha Aerospace Co. has completed building its first overseas plant — producing howitzers and ammunition carriers in Aust...
Aug 23, 2024 (Gmt+09:00)
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Regulations
Korea tightens rules on Netflix, Spotify subscription billing
South Korea’s antitrust body is slated to tighten the leash on subscription businesses of streaming service providers such as Netflix Inc. and...
Aug 22, 2024 (Gmt+09:00)
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Artificial intelligence
Naver’s HyperCLOVA X Vision proves a picture is worth a thousand words
A picture is worth a thousand words, as the adage goes, stressing the power of vision over text.People also say eyes are windows to the soul, emphas...
Aug 22, 2024 (Gmt+09:00)
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The KED View
What's wrong with making money from startup exits?
In South Korea, those who struck it rich from property investments are the subject of envy, but startup founders who make big money from their exits...
Aug 22, 2024 (Gmt+09:00)
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Korean startups
Enormous market ahead for Hopae, S.Korean DID pioneer
To Hopae Inc., a digital identity solution-developing startup native to South Korea, its home market is small. After successfully accommodating more...
Aug 22, 2024 (Gmt+09:00)
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Blockchain
SY Lee: A Korean startup creator who fetched $80 mn for Story Protocol
Seung Yoon Lee, a South Korean startup creator, was in his early 20s when he co-founded Radish Fiction Inc., a US-based mobile fiction platform, in ...
Aug 22, 2024 (Gmt+09:00)
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Mergers & Acquisitions
STIC to buy Korean flooring firm Nox from TPG for $336 mn
Seoul-based private equity firm STIC Investments has agreed to acquire global leading luxury vinyl tile (LVT) flooring firm Nox Corp. at 450 billion...
Aug 21, 2024 (Gmt+09:00)
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Electric vehicles
EV firefighting startup Lee Mobility gets seed round
South Korean startup Lee Mobility announced on Tuesday that it got a seed round investment from Bluepoint Partners, a domestic early-stage venture c...
Aug 21, 2024 (Gmt+09:00)
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Venture capital
Korea Investment, most generous venture capitalist in H1
Korea Investment Partners Co. spent the most on local startups among venture capitalists in the first half, while South Korean game developer Smileg...
Aug 20, 2024 (Gmt+09:00)
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Batteries
EcoPro BM, GEM cement partnership for nickel, precursors
EcoPro BM Co., a South Korean cathode materials producer, said on Tuesday it has signed a memorandum of understanding (MOU) with GEM, a Chinese batt...
Aug 20, 2024 (Gmt+09:00)
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Artificial intelligence
Naver Cloud takes the lead in Korea’s public AI business
South Korean online giant Naver Corp.'s cloud subsidiary is expanding its presence in the country’s public artificial intelligence market by w...
Aug 16, 2024 (Gmt+09:00)
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E-commerce
Korean e-commerce startup funding sharply drops since 2022
South Korean e-commerce companies have seen a sharp decline in series A funding over the past three years amid intensifying competition with Chinese...
Aug 06, 2024 (Gmt+09:00)
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Korean startups
MLOps startup Vessl AI eyes 50% sales from US in 2025
Vessl AI, a South Korea-native MLOps platform-operating startup, is envisioning a takeoff in the US next year after building a concrete client base ...
Aug 05, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Shinsegae buys low-cost cosmetics brand Amuse from Naver Snow
South Korea's Shinsegae International Inc. announced on Friday that it will acquire 100% of Amuse Corp., a cosmetics brand, for 71.3 billion won ($5...
Aug 05, 2024 (Gmt+09:00)
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Corporate investment
Samsung invests in US AI security startup Protect AI
Samsung Venture Investment Corp., Samsung Electronics Co.'s venture capital firm, has invested in Protect AI Inc., a US startup offering a security ...
Aug 02, 2024 (Gmt+09:00)
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Fintech
BalanceHero sees record high H1 sales in India
BalanceHero, a South Korean fintech startup that entered the Indian market, announced on Friday that its sales and loan execution amounts for the fi...
Aug 02, 2024 (Gmt+09:00)
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Venture capital
SoftBank-backed Tridge in trouble amid Korean startup doom
Tridge Co., South Korea’s first agricultural product and food trading platform operator invested in by SoftBank Group Corp., is in financial t...
Jul 31, 2024 (Gmt+09:00)
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Retail
Shinsegae Factory Store to enter Laos in 2025
South Korea's Shinsegae Department Store announced on Wednesday that its off-price retail chain, Shinsegae Factory Store, will expand its global foo...
Jul 31, 2024 (Gmt+09:00)
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Korean games
NCSOFT invests in Swedish game startup Moon Rover Games
NCSOFT Corp., a South Korean game developer, said on Tuesday it has made an early stage investment of $3.5 million in Swedish game startup Moon Rove...
Jul 30, 2024 (Gmt+09:00)
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K-pop
SM Entertainment, S.Korean startup Jienem to build K-Pop hotel
South Korea's residence operator startup Jienem announced on Monday that it signed a memorandum of understanding (MOU) with Kreation Music Rights (K...
Jul 30, 2024 (Gmt+09:00)
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Electronics
Dreamtech builds electronics, medical device factory in India
South Korean electronics components maker Dreamtech said on Monday that it built a new factory in India's Greater Noida.The company invested 85.1 bi...
Jul 30, 2024 (Gmt+09:00)
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Korean startups
Colosseum poised for next leap with global expansion drive
Colosseum Corporation Inc., a fulfillment startup based in South Korea, has set its sights on global conquest with its nationwide and international ...
Jul 29, 2024 (Gmt+09:00)
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Korean startups
Baemin founder strikes out for new trophy platform
Kim Bong-jin, a former chairman and CEO of Woowa Brothers Corp., operator of South Korea’s No. 1 food delivery app Baedal Minjok — Baemi...
Jul 26, 2024 (Gmt+09:00)
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Earnings
LG Electronics posts record Q2 profit, to accelerate transition into AI leader
LG Electronics Inc., a leading South Korean electronics maker, on Thursday posted its highest quarterly operating profit and sales for the April-Jun...
Jul 25, 2024 (Gmt+09:00)
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Korean startups
Korea to build startup campuses in Seoul, Busan by 2026
South Korea will establish startup hubs in Seoul and Busan, the country’s largest port city, by the first half of 2026 to build Asia’s N...
Jul 25, 2024 (Gmt+09:00)
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Korean startups
Asan Nanum Foundation opens startup merchandise pop-up
The Asan Nanum Foundation announced on Wednesday that it opened a merchandise pop-up store in South Korea's startup for Maru Collect until August 25...
Jul 24, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion’s new plant in Songdo poised for commercial production
South Korea’s largest biosimilar maker Celltrion Inc. said on Tuesday that its third plant in Sondgo, west of Seoul, is undergoing process val...
Jul 23, 2024 (Gmt+09:00)
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Artificial intelligence
S.Korea's Rebellions secures investment from Aramco
Rebellions Inc., a South Korean artificial intelligence chip design startup, announced on Tuesday that it secured investment from Saudi Arabia's sta...
Jul 23, 2024 (Gmt+09:00)
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Artificial intelligence
Naver launches Saudi digital twin project for smart cities
South Korean internet giant Naver Corp. and the Saudi Arabian government have started a five-year project to build digital twin platforms for Riyadh...
Jul 23, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Samsung Elec calls for C-Lab Outside applications
Samsung Electronics Co. announced on Monday that it will enlist startups to participate in its external startup incubation program C-Lab Outside unt...
Jul 22, 2024 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet