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Singapore-based cryptocurrency exchange Crypto.com enters South Korea via acquisitions 

TechCrunch

Singapore-based cryptocurrency platform Crypto.com has acquired two startups in South Korea — payment service provider PnLink and virtual asset provider OK-BIT — for an undisclosed amount, Crypto.com said. .

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Korean accelerator SparkLabs showcases social and e-commerce startups at its second Demo Day

The Next Web

SparkLabs , an accelerator program in South Korea 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).

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Twilio gets hacked, teens ditch Facebook, and SpaceX takes South Korea to the moon

TechCrunch

The most read story this week is on a Pew study that suggests this generation of teens has largely abandoned the platform in favor of Instagram/YouTube/TikTok/etc.; whereas in 2014 around 71% of teens used Facebook, the study says in 2022 that number has dropped down to 32%. other stuff. million investors losing $5 billion collectively.”

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Una Brands teams up with KlickBrands to enter South Korea’s e-commerce market 

TechCrunch

Una Brands , a Singapore-based e-commerce aggregator, has partnered with South Korean peer KlickBrands to expand its footprint in South Korea. . The strategic partnership will help South Korean e-commerce brands grow domestically and make inroads into more countries in Asia.

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Google found guilty of restricting Android forks in South Korea, fined $177 million

The Verge

billion won (around $177 million) in South Korea for abusing its dominant market position to stop device manufacturers from using modified versions of Android, Bloomberg reports. The ruling comes on the same day as the so-called “anti-Google law” goes into force in South Korea. Google has been fined 207.4

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South Korean e-scooter company Gbike acquires Hyundai Motor’s micromobility platform ZET 

TechCrunch

Gbike , a South Korea-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. .

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SoftBank-backed Socar, South Korea’s largest car-sharing startup, tumbles on market debut

TechCrunch

Socar , South Korea’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 South Korea that has prompted a series of Korean companies to delay their listing plans.