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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.
DeepSeek, the massively popular Chinese AI assistant, has been temporarily unavailable from app stores in SouthKorea since February 15. DeepSeek is also blocked on South Korean government and military devices. DeepSeek only established a local presence in SouthKorea on February 10.
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.
Samsung has released its Health Monitor app in SouthKorea, enabling blood pressure tracking for the Galaxy Watch Active 2 smartwatch. Samsung says the Health Monitor app will also support ECG (electrocardiogram) heart monitoring from the third quarter of this year in SouthKorea.
SouthKorea’s telecommunication regulator, the Korea Communications Commission (KCC), said Friday that it plans to levy fines on Google and Apple, which could total up to $50.5 According to the KCC statement, the two Big Tech giants abused market dominance to force local app developers to use […]
On Tuesday, the Korea Communications Commission (KCC) announced it is investigating Apple, Google, and the local One Store, for allegedly violating its app payment processor law. The South Korean regulator could charge the companies up to two percent of their average annual revenue.
Chinese electric vehicle maker Zeekr is looking to enter SouthKorea by 2026, with plans to open showrooms in Seoul and the nearby province of Gyeonggi by next year, parent company Geely said last week in response to questions from Bloomberg.
Una Brands , a Singapore-based e-commerce aggregator, has partnered with South Korean peer KlickBrands to expand its footprint in SouthKorea. . The strategic partnership will help South Korean e-commerce brands grow domestically and make inroads into more countries in Asia.
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
BYD is aiming to establish an electric vehicle battery plant in SouthKorea, with local manufacturer KG Mobilitys assistance, to commence volume production by January 2025, as reported by Reuters on Wednesday. An individual familiar with the matter provided this information.
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. .
The startup announced today it has raised an undisclosed seed round co-led by South Korean internet giant Naver, CKD Venture Capital and Wooshin Venture Investment, with participation from Lighthouse Combined Investment and S&C Networks to take the market in SouthKorea and Japan. . It’s only a matter of time.
Demand for contactless payments and e-commerce has grown in SouthKorea during the COVID-19 pandemic. Last month, the Bank of Korea, SouthKorea’s central bank, released a report showing that contactless payments increased 17% year-over-year since the start of COVID-19.
The Diablo -like MMO launched yesterday in the West, after Amazon Games collaborated with Smilegate RPG to localize and translate Lost Ark and make it available in English. Lost Ark was originally released in 2019 in SouthKorea, and has millions of active players in SouthKorea, Russia, and Japan.
The real estate market in SouthKorea is very fragmented, which means people often have to work with dozens of brokers before they find a new home. The startup’s other investors include Goodwater Capital, Maple VC and strategic angel investors in SouthKorea and the United States. Dongnae raises $4.1
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 Uganda’s Mbale district, famous for its production of arabica coffee , a plague of plastic bags locally known as buveera is creeping beyond the city. This past winter, leaders from around the world gathered in SouthKorea to produce the first legally binding global treaty on plastics pollution.
Iyuno-SDI Group , a provider of translated subtitles and other media localization services, announced today it has raised $160 million in funding from SoftBank Vision 2. How localization leader Iyuno Media Group opens entertainment to international audiences. The company said this makes the fund one of its largest shareholders.
Founded in Singapore and based in Los Angeles and SouthKorea, Summer International announced today it has raised a $5 million seed round from investors including GDP Ventures, Teja Ventures, Gushcloud International and Singaporean angel investors Koh Boon Hwee and Shirley Crystal Tan.
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. In July 2023, Temu launched a South Korean website focused on international shopping, and in February 2023, it established a South Korean subsidiary, Whaleco Korea LLC.
As the boom of the e-commerce aggregator trend continues in Asia, SouthKorea, the fifth-largest e-commerce market in the world, is rolling up. Wholesum, which currently has five Korean local brands, aims to acquire an additional 15-20 brands across lifestyle, health, children and pet categories this year.
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.
The initial group of participating wallets includes Bank of China Hong Kongs BoC Pay, Octopus, PayMe by HSBC, and Tap & Go in Hong Kong; Bangkok Bank Mobile Banking and K PLUS in Thailand; NAVER Pay in SouthKorea; and ICBC Mobile Banking (ICBC Pay) in Malaysia.
Atommerce claims more than 1 million app users in SouthKorea and 100 enterprises clients, including Naver, NHN, Shinhan Investment, Neowiz and Seoul Metropolitan Government. The company’s service is going to be fully localized in terms of languages and user interface design such as UX and UI, Kim told TechCrunch.
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.
The competition of the mobility platform industry in SouthKorea has intensified as local car-hailing companies such as Kakao Mobility and TMAP Mobility actively expand their business in the country with ambitions to become the mobility super app. million so far. .
SK Telecom is touting local compatibility with the likes of Shinhan Bank and Standard Chartered Bank Korea, plus its own services like T World. The Galaxy Quantum 2 is only confirmed for a release in SouthKorea right now. The carrier says it’ll work with more services in the future, including Samsung’s own credit cards.
And instead of using pricey lidar, Neubie uses V-SLAM, which allows autonomous mobile robots to perceive their surrounding environment and get visual data from the physical world; then, it builds a 3D map generated by the robots and localizes the robots in that map. Users can order food and small items via apps from Neubility or 7-Eleven.
The news comes on the heels of the announcement of its local IPO, shifting the listing location from the NYSE. Kurly was the first company in SouthKorea to deliver premium food early in the morning the next day when it launched back in 2015. Local competitors later adopted the overnight delivery service. .
Fount , a robo-advisor startup in SouthKorea, has raised a $33.4 Returning backers Smilegate Investment, KT Investment, Shinhan Capital and Korea Development Bank also participated. year on year, based on a local media report. The latest round was led by Hana Financial Investment, along with Nice Investment.
In August, the company announced a partnership with SK Telecom to expand cloud services in SouthKorea. Lambda Labs AI Cloud is used by companies and research institutions that include Intel, Microsoft, Amazon, Stanford, Harvard, Caltech, and the Department of Defense. The edge AI hardware market is projected to grow from $24.2
“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. .
Japan is the biggest source of tourists for Guam, with growing numbers from other Asian nations like SouthKorea. It's actually hard to get local cuisine in the restaurants, far easier to get Japanese food. The presence is growing: the U.S. The military and tourism are Guam's two big industry. Not quite ready for students, yet!
The gains for Kakao Bank came amid a crackdown on the country’s tech companies by South Korean regulators and politicians. In September, local lawmakers accused the country’s big tech companies, including Kakao Pay’s parent company Kakao Corp, of monopoly issues. Kakao Pay raised $1.3 billion (1.53 trillion won) at a $9.9
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. The news comes nearly nine months after 42dot raised $88.5 million) in 42dot.
Geely and Renault formed a thermal engine joint venture to manufacture and sell hybrid cars in SouthKorea last year with Volvos parent buying roughly a third of the French firms local subsidiary. Reuters ]
The SouthKorea-headquartered startup, which has 84 employees, will also use the proceeds to double its headcount worldwide by the end of this year, CEO of Morai Jiwon Jung told TechCrunch. Existing investors Naver D2 Startup Factory, Hyundai Motor Group, Kakao Ventures and Atinum Investment also participated in the round.
The fund will look in Japan, as well as global markets like SouthKorea, the United States, China and Southeast Asia, for investment opportunities, with the aim of creating collaborations between startups and Z Holdings’ commerce, media and fintech services.
The company will also expand its coverage beyond Java and Bali to source and sell locally, and continue improving its supply-demand forecast model to help farmers plans crop cultivation and timing, with the goal of reducing price fluctuations and maintaining a consistent supply.
It also plans to expand its global presence in China, Taiwan, SouthKorea, Japan, and Europe. Zhou says that Moov is working to help alleviate local shortages and that the company is able to reduce the lead time for companies to purchase equipment from months, down to days or hours.
“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.
With the latest funding, Peeba plans to double its headcount and expand local offices to improve local language support across 11 Asia countries. Lai said its localization effort isn’t just focused on supporting multiple languages. The platform brings both emerging and traditional brands to the world of local retail in Asia.
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