kakao ai startup fund

South Korean startup Twelve Labs announced Sunday it secured $5 million in a seed round from Index Ventures.On its website, the venture capital firm...

South Korea’s internet juggernaut Naver Corp. announced Friday it has launched a conversational search engine service called Knowledge Interac...

Goldman Sachs has divested of its stake worth 75 billion won ($62 million) in South Korea's cosmetics startup GP Club Co. without a profit due to de...

Scores of South Korean initial public offerings slated for the first half of this year have been delayed after the bourse operator carried out a lar...

South Korea’s first generation biotech firm Medipost Co. will sell a 30% stake to a private equity consortium, the company announced after W...

South Korea's Samsung Electronics Co. is eyeing the metaverse and robotics as keys to the global tech giant’s future. At the same time, it is ...

Government Employees Pension Service (GEPS) of South Korea posted a 8.61% rate of return in 2021, the pension fund announced on March 15. It has ear...

South Korea’s biotechnology startup Voronoi Inc. scrapped its plan to go public this month. The new drug developer announced Wednesday it...

South Korea’s robotics startup Bear Robotics Inc. announced Wednesday it raised $81 million in Series B funding from venture capital heavywe...

Hanwha Systems Co., the defense and air mobility unit of South Korea’s Hanwha Group, made another investment of $11 million in Kymeta Corp., a...

LIG Nex1 Co., South Korea’s major defense exporter, plans to set up a $80.5 million venture investment fund with Eugene Investment & Secur...

Heads of South Korea’s leading venture capital firms say domestic startups have entered a phase of overvaluation. The Korea Economic Dail...

Visual effects production startup VA Corporation announced Monday it received 100 billion won ($80.4 million) from private equity fund Paratus Inv...

Kakao Corp. founder and chairman Brian Kim said on Monday that he will step down from the tech giant’s board of directors, following a series ...

Kakao Corp. founder and chairman Brian Kim said on Monday that he will step down from the board of directors, following a series of scandals that ro...

South Korea’s venture capital firm Translink Investment and non-profit organization Banks Foundation for Young Entrepreneurs agreed to launch ...

Kakao Entertainment Corp., a unit of South Korea's top mobile messenger app, is in the final stages of talks to buy a controlling stake in SM Entert...

South Korea’s AI education startup Riiid has made it onto Fast Company's annual list of the World’s Most Innovative Companies. Since 20...

Convenience stores are hotbeds for South Korean IT companies to test their artificial intelligence (AI) technology.That is because the establishment...

"We believe we're in one of the biggest technology boom cycles,” said Jeff Herbst, co-founding managing partner of Palo Alto-based GFT Venture...

Cloud management service provider Cloocus Co. has received 50 billion won ($40.8 million) from SK Inc. C&C, those familiar with the investment...

SK Group stands out from other South Korean conglomerates in making good use of private equity funds to raise money for business expansion.The count...

South Korea’s biotechnology startup Voronoi Inc. is in talks with global biomedical companies on drug designs as it aims to expand the busines...

Kakao Corp., the No. 1 digital comics platform in Japan, will expand deeper into the neighboring country's comics market by launching a platform whe...

National Pension Service (NPS) of South Korea said on Feb. 28 it selected Millennium Management LLC, Starboard Value LP and Systematica Investment...

National Pension Service (NPS) of South Korea announced on Feb. 28 it selected Adams Street Partners LLC, Benefit Street Partners LLC and Clearlak...

Ridi Corp., often referred to as South Korea's Kindle, has received funding of 120 billion won ($100 million) from Singapore's GIC and three domesti...

South Korea's SK Ecoplant Co. has raised a total of 1 trillion won ($830 million) from four domestic private equity firms, including 390 billion won...

Artificial intelligence that composes music and creates images, a forecasting model that reduces the development period of customized anticancer dru...

‘Beyond Korea’ is South Korean tech juggernaut Kakao Corp.’s new vision for the future. Kakao’s new CEO nominee Namkoon...