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Apples Find My feature has finally been enabled in SouthKorea, according to a company announcement translated by Apple Insider. The company never explicitly stated why it limited access to Find My in SouthKorea, but it appeared to be related to local laws that could have allowed the government access to the location data.
SparkLabs , an accelerator program in SouthKorea that is bringing a Silicon Valley-like approach to the Asian country’s startup ecosystem, showcased its second batch of startups to investors at Demo Day today. Selling premium organic breads from local bakeries via an online platform is what this startup does. Zoyi (Marketing).
Riiid , a SouthKorea-headquartered AI-powered edtech company, acquired its Japanese distribution partner Langoo to expand its Japan footprint. . million users downloaded the Riiid Tutor app in SouthKorea and Japan. The company expects to address local remote learning and education in the market.
The company plan to strengthen its capabilities in local commerce with Danggeun Pay, or Karrot Pay, which is set to launch this year, and Danggeun’s platform Karrot enables approximately 300,000 local SMB partners to go digitalized by offering offline to online (O2O) service. Canada and Japan. “We
Demand for contactless payments and e-commerce has grown in SouthKorea during the COVID-19 pandemic. It is now used by 2,200 merchants, including Nike Korea and Philip Morris Korea. CHAI wants to fix this with an API that enables companies to accept over 20 payment systems. ”
Gbike , a SouthKorea-based micromobility Gcooter operator, is acquiring Hyundai Motor’s shared micromobility sharing platform ZET as it wants to increase its market share and create technological synergies via ZET’s fleet management system. . The financial terms of the deal were not disclosed. .
Viva Republica, an operator of South Korean finance super app Toss , has finalized a $405 million Series G funding and it says it is now valued at 9.1 SouthKorea’s currency has depreciated against the dollar this year.). SouthKorea’s BNPL Gross Merchandise Value (GMV) is projected to grow by about $36.6
In addition, participating startups get co-working space, will attend weekly classes and have access to four to six mentors who have expertise in various industries, not just in SouthKorea but global regions. . He added that its partners and mentors are all former entrepreneurs and have global business experience in both the U.S.
Dongnae , a SouthKorea-based startup that helps tenants find premium apartment rentals, has closed $16.4 Shampine noticed residential real estate was big in SouthKorea but also knew he didn’t know enough, especially about the local proptech space, he said. million to digitize real estate in SouthKorea.
Park also said SOCAR would replace a fleet of its vehicles with zero-emission, including electric or hydrogen-powered cars, by 2030 and strengthen its autonomous cars business. . The company already completed two acquisitions last month – South Korean online parking platform Modu Company and electric bike rental platform Elecle.
The goal is part of an ambitious plan that the Seoul-based startup has laid out to boost its business after pivoting no less than five times since it was founded six years ago, but also most recently closing out a Series A of $26 million. The plans also include launching a new security robot alongside its models dedicated to delivery.
Hwang said that its business model is similar to Outschool, the San Francisco-based after-school marketplace for children. Before the COVID-19 pandemic, Glorang pivoted its main business, the online class platform, and launched Gguge in 2020, Hwang said. The company claims Gguge has more than 100,000 users in SouthKorea. .
Green Labs , a South Korean agtech startup that raised $140 million (170 billion won) Series C in January last year, is cutting a significant number of jobs. People familiar with the matter confirmed to TechCrunch earlier rumors by local media outlets that a workforce deduction would happen.
Hyundai Motor is considering increasing its stake in, or fully acquiring, the SouthKorea-based lidar-free autonomous mobility platform 42dot , the latest signal of its growing interest in the fast-growing space. trillion WON) through 2030 into autonomous driving software technology and electric vehicle-related businesses.
Founded in 2016, TaniHub now has more than 45,000 farmers and 350,000 buyers (including businesses and consumers) in its network. Over the last couple of years, TaniHub has started exporting several types of fruits and spices to the United Arab Emirates, Singapore and SouthKorea.
“The [Asian] market is still very young, so we also want to set up local offices or teams in the regions like Vietnam, Indonesia, Singapore and Taiwan.”. QuotaBook claims that it has more than 3,500 startups and investor users on its platform, largely based in SouthKorea, where the company started. Image Credits: QuotaBook.
On the buyer side, Moov aims to help small businesses and universities around the world that don’t have the budget or network to acquire equipment to further their innovation. It also plans to expand its global presence in China, Taiwan, SouthKorea, Japan, and Europe.
Peeba says the lack of B2B-focused online wholesale solutions and tech infrastructure hampered Asia’s antiquated B2B retail, wholesale market in business growth and new market entries during the pandemic. Lai said its localization effort isn’t just focused on supporting multiple languages. Wholesale marketplace Abound raises $22.9M.
In SouthKorea, P2P lending marketplaces must pass yearly requirements to get a license from Financial Services Commission (FSC) to run their business. To operate its business in 2023, PeopleFund, which reports that it is making a profit loss, must own a minimum capital ranging from $400,000 to $2.4 million (326.8
It also partners with brands, small e-commerce businesses and seller aggregators. If a business has 10 orders, they are going to send 10 drivers and everyone is going to pick up one order,” said Bhardwaj. Bhardwaj said its batching engine is geography-agnostic, so it requires minimal localization for new markets.
Mike was there at the beginning of Amazon Games, and his leadership and perseverance helped build the games business from the ground up,” Amazon spokesperson Ryan Jones said in a statement to Bloomberg. Its free-to-play Lost Ark , which was initially available only in SouthKorea, has also been well-received.
“For years SouthKorea and Japan have produced large and iconic D2C brands. The fashion commerce firm , whose IPO was subscribed over 80 times, will begin trading on local Indian exchanges on Wednesday and is expected to see more than a 50% bump in its final issue price. Four years is a long time in the startup world.
The Singapore-based startup with offices in Indonesia and SouthKorea intends to launch its service officially in Indonesia in the first quarter of next year. Bang founded Plugo two months ago with five founding members. Approximately 200 D2C brands have already started using Plugo’s beta service in Indonesia.
But building out charging infrastructure to handle passenger EVs is going to be a challenge for any company that wants to build a business there. Gogoro also pitches its battery stations as a way to aid the local energy grid during times of peak demand. For one thing, electric scooters are smaller and draw less power.
Una currently has teams in Singapore, Malaysia and Australia and plans to expand in Southeast Asia before entering Taiwan, Japan and SouthKorea. To scale up, the company is currently building technology to automate its valuation process and will also have local teams in each of its markets.
Radish claims millions of users in North America, and the acquisition will be help Kakao Entertainment expand its own webtoons and web novel business there, and in other English-speaking markets. Radish will retain management autonomy and continue operating as its own brand. Serialized fiction startup Radish raises $63.2M
It also plans to penetrate to other overseas countries this year by forming strategic partnerships with local agtech and foodtech players, which play similar strategies to Greenlabs, Shin said. Its comparable peers include Farmers Business Network , Climate Corporation, Indigo Ag and Ninjacart in the global market, the company said.
A new study bike lanes increase sales of localbusinesses because they make the streets safer places for pedestrians, which increases foot traffic, so THERE! Shop owners should stop complaining to their local transportation authorities when parking spots get repurposed for bike lanes. A few words on bike lanes… .
Citing “economic downturn and investment markets tightening up,” CEO Robin Reecht said that the company failed to procure the necessary funding and struggled to scale its business model, which relied on selling meals to individual and corporate customers at $3 a head. To sum it up: Remember SumUp ? Startups and VC. Bless them.)
million since its 2021 inception, will help Akros to scale its software platform and asset management products and ramp up its users, including local and global financial institutions and fintech companies. The latest funding, which brings Akros’s total amount raised to $6.1
I’ll start with you, Sundar; why is it important that Google is in the hardware business? And third, to do this well, you have to build a sustainable business. We are committed to it, we are building a business we want to grow and do well, as well. It’s running locally on-device. Sundar Pichai: It’s a good question.
Back in 1995, in the early days of the internet, a San Francisco innovator named Craig Newmark started a small email distribution list for friends, highlighting local events across the Bay Area. Editors’ note: This article is from the Summer 2022 issue of the Nonprofit Quarterly , “Owning Our Economy, Owning Our Future. ”. In many U.S.
The SouthKorea and Japan-based startup automates front and backend processes including accommodation reservation, room management and front desk duties, and it will be using the funds to continue expanding its business. SevenRooms raises $50M to double down on reservations, ordering and other tools for hospitality businesses.
Europe, SouthKorea and New Zealand, and soon more will be able to download the app from the app store. The ChatGPT app for iOS is now available to users in 11 more countries — Albania, Croatia, France, Germany, Ireland, Jamaica, Korea, New Zealand, Nicaragua, Nigeria, and the UK. based company to stop processing locals’ data.
And then something miraculous happened: it finally came out — in SouthKorea only. At the time, Segway told The Verge it planned a 2020 launch for businesses and a 2021 launch for consumers, though it didn’t yet have a price to announce. I always see them at my local Lowes. To be clear, they did actually come out.
More people are booking local holidays in the wake of the COVID-19 pandemic, Bloomberg reports. At the beginning of May, Airbnb laid off 25 percent of its staff as business slowed. Photo by Amelia Holowaty Krales / The Verge. Vacation homes are reportedly growing more popular than hotels.
KOSA has been met with a flood of opposition from a variety of internet communities; detractors worry that the bill could restrict queer kids’ access to affirming online resources or make it easier for local governments to surveil abortion seekers. It’s too early to tell whether their work will hold up to scientific scrutiny.
If you want to build a big business, the road ahead is still long and windy, and you’re going to need every bit of help you can get. On the steep slope between failure and success in this business, vesting longer is a powerful way to help the company will deliver the most back to them after the hard work of the early days.
Wilhelm and Saunders write: When the cost of vehicle depreciation was factored into its business…it was hugely gross-margin-negative. Hyundai is considering acquiring the remaining stake in 42dot , a SouthKorea-based lidar-free autonomous mobility platform. . Canyon Bikes is getting $30 million to fund its U.S.
A 2019 analysis of shutoffs in Placer County, California, found that they harmed 70% of localbusinesses. I am a business school professor who studies how people pay for things, including during emergencies. Massive wildfires have also occurred recently in SouthKorea , Portugal , and Australia.
imports Steeper rates for countries like Vietnam (46%), Taiwan (32%), and SouthKorea (20%) Threats of retaliation from the EU, Canada, and Mexico And just like that, the specter of a global trade war is back, dragging markets, shaking corporate confidence, and potentially raising prices across sectors.
Intel is also giving itself a decade to spend $100 million on education — “to help develop and attract a pipeline of skilled talent from within the region” — while promising approximately 3,000 Intel jobs, 7,000 construction jobs, and that 140 existing Ohio companies will do business with Intel as suppliers. Ohio Lieutenant Gov.
Judith Enck, a former Environmental Protection Agency regional administrator who now heads up Beyond Plastics, said she hopes that people react to the executive order by committing to using fewer plastic straws and that local and state governments do, too. The United States changed its position heading into SouthKorea.
” Australia puzzled by tariffs on remote islands The local government leader of Christmas Island, one of several Australian external island territories that like Australia have been assigned a 10% U.S. Starmer told business leaders gathered in 10 Downing St. Vietnam has long realized that it was too reliant on the U.S.
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