Naver to acquire web novel platform Wattpad for $593 mn

South Korea’s portal giant Naver Corp. will acquire Wattpad, the world's largest web novel platform based in Toronto, for 653.2 billion wo...

NCSoft’s UNIVERSE fuels competition in K-pop entertainment platforms

South Korean game publisher NCSoft Corp. is fueling competition in the online entertainment platform market with the planned launch of its own app, ...

Hyundai Motor unveils all-new electric vehicle platform E-GMP

Hyundai Motor Co. has unveiled a new platform, which will underpin its electric vehicles in coming years as South Korea’s largest automotive g...

Fashion platforms Musinsa, Zigzag hit jackpot thanks to Gen Zers and millennials

South Korea’s online fashion apps are booming thanks to their ability to attract Gen Zers and millennials. This year, the top five players&r...

S-Oil says at least 20 more years to go for oil-powered cars

The penetration of electric and hydrogen-powered vehicles into the transportation industry will unlikely become a major threat to refiners over the ne...

Home interior platform nears unicorn status via $70mn funding

South Korea-based startup Bucketplace, an operator of home interior app OHouse, has raised $77 million in Series C funding, moving a step closer to ...

Hanwha Systems unveils Butterfly, personal air vehicle mockup

Hanwha Systems Co., a defense and information technology service unit of Hanwha Group, on Wednesday unveiled the mockup of its personal air vehicle (P...

Hyundai Motor to install Nvidia’s in-vehicle system in entire fleet from 2022

Hyundai Motor Group will use US chipmaker Nvidia Corp.’s in-vehicle information and entertainment system for its entire fleet of Hyundai Motor C...

Kakao webtoon platform Piccoma becomes No.1 grossing app worldwide

Kakao Corp., South Korea's platform giant, announced on Nov. 9 that its webtoon (digital comics) platform Piccoma has become the No. 1 grossing mobile...

Korean teachers' fund pockets sweet returns from US cloud-based platform

The Korean Teachers' Credit Union (KTCU) has secured returns nearly four times its $37.6 million investment in the US cloud-based platform provider El...

Hyundai makes inroads into Europe’s hydrogen commercial vehicle market

Hyundai Motor Co. has delivered seven hydrogen-powered trucks to Switzerland in its foray into Europe’s eco-friendly commercial vehicle market, ...

Hyundai Mobis to invest $25 mn in UK vehicle smart display firm

Hyundai Mobis Co., South Korea’s largest auto parts maker, said on Oct. 7 it will invest $25 million in a UK automotive smart display company in...

Top Korean travel platform Yanolja to join startups lining up for IPOs

South Korea’s largest travel platform Yanolja is planning to list on the domestic stock market in 2022, paving the way for Singapore’s GIC...

Hyundai exports hydrogen vehicles to world’s No. 1 oil producer Saudi Aramco

Hyundai Motor Co. has shipped four hydrogen-powered vehicles to Saudi Arabian Oil Co., the world’s largest oil producer, at a time when even the...

LS Electric develops battery temperature sensor for ESS

LS Electric Co., a South Korean electric power and automation equipment maker, has developed a battery cell temperature sensor (BTS) that can monitor ...

S. Korea's Kakao Work to rival Slack, messenger platform apps

Kakao Enterprise Corp., the artificial intelligence service unit of South Korea’s Kakao Corp., has launched a business messenger platform to com...

Korea’s car-sharing platform becomes 12th unicorn following $42.5 mn injection

South Korea’s leading car-sharing platform Socar Inc. has become the country's 12th unicorn valued at around 1.1 trillion won after re...

How Korean platform giants disrupted the digital comics market with webtoons

South Korean webtoons (mobile and digital comics) are taking over the digital comics markets in Japan and the US. Market watchers claim it is&nbs...

Global partnership pushes Hanwha into final round of Aussie armored vehicle deal

Hanwha Defense Co. has reached the final stretch in a race to win Australia’s 5-trillion won (US$4.2 billion) project to buy new infantry fighti...

[Interview] Manga platform Piccoma ready to take over Japan's comics market

Manga platform Piccoma is gearing up to take over Japan’s massive digital comics market as the company continues to see prominent growth in its ...

Korean game platform seeks $323 mn IPO in non-contact business boom

Kakao Games Corp., a unit of South Korea’s top mobile messaging app operator, is seeking to raise up to 384 billion won ($323 million) from an i...

Naver inks $83.8 million investment deal in SM Entertainment to boost streaming platform

Naver, a Korean online platform giant, has invested 100 billion won ($83.8 million) in SM Entertainment's subsidiaries SMEJ Plus and Mystic Story in a...

Korean travel platform My Real Trip raises $36 million amid sluggish travel industry

My Real Trip, Korea’s leading online travel platform, has received 43.2 billion won ($36 million) in funding from domestic and overseas investor...

Buzzvil eyes unicorn status with ad platform

Reading the biographical novel of nuclear physicist Lee Whi-so made his heart beat. "I, too, want to be a creator of something that will change the wo...

Meritz Sec commits $425 mn to India’s housing finance platform

Meritz Securities Co. Ltd. has committed $425 million to a housing finance platform in India as an anchor investor, in its first foray into the countr...

Self-guided trip platform expands into themed travels

Planning a trip is no vacation. Booking a flight and hotel isn't the end and searching for activities and mode of transportation is a must. This is wh...

Naver to challenge Amazon with launch of Smart Store platform in Spain

South Korea’s top online portal operator Naver Corp. is taking its online shopping platform Smart Store to Spain to support small merchants in...

Samsung Electronics opens gaming-focused shopping platform(edited)

Samsung Electronics Co. on Monday launched the "Samsung Game Portal" on Samsung.com in Korea, as the South Korean tech giant seeks to strengthen i...