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When the brand did similar limited-edition vintage drops in Germany, SouthKorea, and Japan, they sold out within minutes or hours. Over the last five years, as the fashion industry has tried to become more sustainable, many brands have started buying back old products and re-selling them to their customers.
According to a report by Bloomberg on Wednesday, SouthKorea plans to invest at least KRW 34 trillion ($23 billion) to help companies develop cutting-edge technologies in the fields of batteries and biotechnology. It also noted that technology from the Chinese AI startup DeepSeek is considered a “fresh shock” to the market.
The crypto market has been quite volatile over the past few months, but users are still holding strong and investors aren’t backing down. The fund will focus on gaming studios, GameFi, NFTs and DeFi in SouthKorea. A big portion of Korea’s gaming industry is moving into web3,” Lee said. “We
Socar , SouthKorea’s largest car-sharing startup, tumbled in its Seoul stock market debut Monday even after pricing shares below the bottom end of a marketed range. Socar’s debut comes amid a sluggish period in the IPO market in SouthKorea that has prompted a series of Korean companies to delay their listing plans.
Most merchants in SouthKorea keep track of their international shipping logistics via email until their cargo safely gets to its destination. Portlogics currently centers on SouthKorea’s freight forwarding industry but intends to open offices in Southeast Asia and the U.S. billion in 2030 , up from $2.92
Chinese e-commerce giant PDD’s cross-border platform Temu is reportedly preparing to enter the South Korean market, according to Yonhap News Agency. Temu has been hiring South Korean employees for key roles in human resources, general affairs, marketing, and logistics since late last year, according to the report.
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. .
In August, the company announced a partnership with SK Telecom to expand cloud services in SouthKorea. The edge AI hardware market is projected to grow from $24.2 In June 2024, UK and Colorado-based Quantinuum unveiled the industrys largest-ever trapped ion quantum computer, with 56 trapped-ion qubits.
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. It entered Japan in 2017, for example, by acquiring several Japanese hospitality management companies.
According to eMarketer , Japan and Korea’s e-commerce markets were estimated at $144 billion and $121 billion, respectively, in 2021. Despite the large e-commerce market size, both countries have fewer e-commerce aggregators than other countries with smaller markets, South Korean e-commerce aggregator New Vessel said.
South Korean AI chip developer Rebellions has raised a $22.8 million (30 billion KRW) extension to its Series A financing from a strategic investor KT , one of the largest telecom companies in SouthKorea. . The global AI chip market is projected to reach $194.9 billion by 2030, up from $8.02
Founder and chief executive officer of Swing San Kim told TechCrunch that the startup will use the proceeds to increase its fleet of micromobility and further penetrate the Japanese market. Swing aims to take the market. No one doubted the market potential. Swing currently has more than 50 franchise partners, Kim said. . “No
Seadronix will use the capital to grow its team beyond the current headcount of 30 employees and enter global markets, including Singapore and Europe, where its “smart ports” are located, Byeolteo Park, CEO and co-founder, said in an interview with TechCrunch. Image Credits: Seadronix.
SouthKorea-based peer-to-peer (P2P) lending platform PeopleFund announced today it has closed a $63.4 “Our mission is to grow into the #1 player in the Korean non-bank lending market to provide better loan options for average Koreans that the banks underserve.” million (75.9 While leading online lenders in the U.S.
As the industry grapples with the larger questions of how to create viable solid-state batteries or commercialize robotaxi service , the companies listed here are focused on the incremental steps toward a fully autonomous future. The year also saw the companys rapid expansion across Asia and into Mexico, South America, Europe, and Australia.
SouthKorea-based human resources management platform flex announced today it has closed a $32 million Series B round at a valuation of $298 million. However, flex plans to expand the addressable market by targeting new industries in the SMB space this year. The startup has primarily been serving SMBs in the IT sector.
The new plant, located in Guangzhou, China, has the capacity to initially produce 60,000 OLED sheets a month, which combined with LG’s existing plant in Paju, SouthKorea means that LG Display’s total OLED production capacity has almost doubled to 130,000 sheets monthly. They’re for TVs, in other words.
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. . SparkLabs began in Korea to find and help local Korean startups in their seed stage and help them go global.
Mom-and-pop stores and franchises — mostly offline — account for about 95% of the laundry market in SouthKorea, according to Laundrygo CEO Sung-woo Cho. But his SouthKorea–headquartered startup aims to digitize the laundry industry in the country. Laundrygo also has plans to expand geographically.
Karamba Security , an Israel-based security startup that focuses on the IoT and automotive industry, today announced a $10 million extension to its $12 million Series B round from 2017. ” Karamba Security’s XGuard. ” Karamba Security’s XGuard.
The Seoul-headquartered startup will use this new funding to open a production plant in SouthKorea for scaling the manufacture of its fungal-based biomaterials and double its headcount to 42 employees, Sah said in an interview with TechCrunch. Its pre-money valuation is approximately $40 million (50 billion WON), according to Sah.
Semiconductors, which have become a valued asset, are used in virtually almost every industry, including 5G networks, automation, the Internet of Things, financials, smart homes, smart cities, virtual reality (VR), augmented reality and self-driving cars. The AI chip market is projected to be worth over $83.2 billion in early 2021.
The company plans to use the acquisition to make further inroads into the overseas tourism industry. and SouthKorea around 2023. Despite the huge cloud that has hovered over the travel and tourism industries over the last 20 months, the company has been on a major growth tear.
Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports “total solutions provider” VSPN (Versus Programming Network) has raised what it describes as “close to” $100 million in a Series B funding round, led by Tencent Holdings. SPACE in Seoul, SouthKorea.
Hanwha Solutions of SouthKorea led the funding round and was joined by existing investors SOSV’s IndieBio, TechU Ventures, ff VC and Siddhi Capital. He expects to be able to go to market in 2022, pending approval from the U.S. He also sees demand for products coming from markets that eat a lot of pork, like Asia.
The company was launched in Hangzhou, China, before moving to it current headquarters to Singapore, and about 70% of its users are in mainland China, followed by markets including SouthKorea, the United States and Southeast Asia. We believe that imToken is riding this trend, and has strongly positioned itself in the market.”.
Neubility operates in a crowded industry that includes peers like Starship Technologies, Coco, Cartken and Kiwibot in the self-driving delivery robot space and Knightscope, which develops security robots. The Neubie will help deliver the ordered items in some limited towns in a couple of cities, such as Seoul and Incheon in SouthKorea.
The next place you’ll find RDNA 2 will be the high-performance mobile phone market,” AMD CEO Lisa Su said on stage. In the US and certain other markets, Samsung’s flagship Galaxy phones ship with Snapdragon SoCs from Qualcomm, while the rest of the world gets Exynos chips. AMD says it’ll make its way to “flagship mobile devices.”.
“What would it look like to bring Kodiak’s AV technologies to Asian markets? While the partnership is at its earliest stage, it does connect Kodiak with a company that has a vast reach in SouthKorea as well as other countries in the region. There’s South American markets. What would be required?
Kurly , a SouthKorea-based online grocery startup that provides next-day delivery services across the country, will go public by June next year. . Competition in the online grocery delivery industry has been heating up, spurred by the pandemic. billion after it goes public. . billion valuation in July. .
Augmented reality headsets have been around for years, but none of the market players has really expanded beyond the techy demographic and broken into the mainstream. Japan, SouthKorea, Spain, and Germany. Japan, and Korea, though the company expects China to grow soon to be one of its top markets.
“The education market in the English-speaking and North American regions is undoubtedly large, but we [at Glorang] understand that each country’s local D2C education market in Asia can be just as substantial,” Hwang said. The company claims Gguge has more than 100,000 users in SouthKorea. .
The startup has built smart farming software and hardware for farmers to digitize the entire value chain of the agriculture industry from crop production to distribution. Its B2B marketplace, Sinsun Market, offers sourcing channels for over 10,000 enterprise buyers.
The round was led by SouthKorea-based Dattoz Partners, which will also take a seat on Kdan Mobile, and included participation from WI Harper Group, Taiwania Capital and Golden Asia Fund Mitsubishi UFJ Capital. We’ve observed more and more industries embracing remote or hybrid work for years now, even before 2020,” he said. “We
Another reason for its runway extension is to meet one of the requirements for a P2P lending license, according to industry sources. In SouthKorea, P2P lending marketplaces must pass yearly requirements to get a license from Financial Services Commission (FSC) to run their business. million, depending on its loan balance.
The company, which is a member of DNA Storage Alliance , will continue to support collaborators and partners of the DNA-based computing system for helping the industry grow, according to Park. Early this year, Catalog opened an office in Seoul, SouthKorea, a wholly subsidiary of Catalog, for Asia expansion, Park noted.
Whether they do it out of a fear of missing out or genuine belief in blockchain technologies, the trend appears irreversible at least for now, as investment keeps pouring into the industry. It will also be spending the money on marketing, business development and hiring. Singapore has emerged as a crypto hub in Asia in recent years.
The early years of The Verge saw Samsung, and to a lesser extent LG, snap up huge swaths of the global Android market, which often gave me cause to hop on over to SouthKorea. I’d visit Computex every year as Taiwan’s influence continued to grow in the PC industry.
In an earlier interview, he recalled the struggle he faced raising money for a direct-to-consumer brand, which were not as popular in the world’s second-largest internet market just five years ago. “For years SouthKorea and Japan have produced large and iconic D2C brands. Four years is a long time in the startup world.
The company offers a complete spectrum of e-commerce support services for direct-to-consumer (D2C) brands, from making a website, setting up a payment system, and managing marketing to handling shipping, warehousing, and logistics. In other words, Plugo enables D2C merchants to focus on their products and supports other processes.
Building a domestic battery industry also lets automakers co-locate near partners, a crucial factor as the industry begins experimenting with different battery chemistries. If you fall two years behind, you’re as good as lost because then you’re going to struggle with trying to capture the market.”.
Electric vehicles could help eat away at some of India’s pollution, and Tesla is even wading into the market. Gogoro has spent the last few years encouraging industry giants like Yamaha and Suzuki to hasten the switch to electric power by striking deals with them to license its plug-and-play batteries.
In light of the sector’s growing popularity, the Japanese government has been proactive in loosening e-scooter regulations to further stimulate the micromobility industry. Some global e-scooter operators have also entered the Tokyo market, such as the U.S.-based The company declined to comment on the valuation.
Artificial intelligence is taking over almost every industry. The investment and finance industry is no exception. Akros Technologies wants to disrupt the current asset management industry via its AI-driven asset management software platform that mines market data for stocks. Akros just raised $2.3
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