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Despite “significant research gaps,” the evidence related to the land-based food chain “is certainly raising alarm,” said Lev Neretin, environment lead at the FAO, which is currently working on another technical report looking deeper into the problem of microplastic pollution in soils and crops.
An oversupply of DRAM and NAND in SouthKorea this year has seen SSD prices fall by over 30% since January. In April, Samsung confirmed it was preparing to reduce its chip output in the hope that scaling back production would keep prices from dropping any further. The company slashed. Read Entire Article
Danggeun Market, the publisher of SouthKorea’s hyperlocal community app Karrot, announced it has raised $162 million in a Series D round of funding with a valuation of $2.7 The latest funding officially makes Danggeun Market a unicorn, with $205 million total raised. By the way, Danggeun means carrot in Korean.).
The startup just raised $8.1 billion won) in a Series A led by SV Investment, with participation from strategic investor LG Uplus (a telco unit of LG), Korea Investment Partners and Crit Ventures, among others. The company employs 27 people in SouthKorea. Image Credits: indent Indent raises $8.1M million (10.5
In SouthKorea, there are about 7.3 To help meet SMEs’ financial needs in the country, Seoul-based fintech startup Korea Credit Data (KCD) said Thursday that it has raised $24.7 KCD was valued at about $563 million in November last year when it raised $28.1 Their workforces combined make up 83.1%
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.
SouthKorea-based human resources management platform flex announced today it has closed a $32 million Series B round at a valuation of $298 million. The latest funding, which brings its total raised to $42 million, was led by Greenoaks , with participation from DST Global Partners. .
According to an amended S-1 filing , South Korean e-commerce leader Coupang expects to price its initial public offering between $27 to $30 per share, potentially raising up to $3.6 Korean e-commerce firm Coupang raises $2 billion from SoftBank’s Vision Fund. After the IPO, Coupang will have a total of 1.7
The commercial real estate brokerage market in SouthKorea is fragmented, which makes finding a new office for tenants a challenge due to inaccurate listing information, high brokerage fee and complex paperwork. The latest funding brings its total raised to approximately $95 million. It has 354 employees as of October.
Viva Republica, the Seoul-based fintech company behind Toss , a super app with more than 40 financial services, announced today it has raised $410 million at a post-money valuation of $7.4 Viva Republica, which hit unicorn status in 2018 , has now raised more than $940 million in equity funding. As an Asian company, reaching a $7.4
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. The company plans to raise its Series A funding in June after completing acquisitions in the first half of this year, Lee noted. . market, Lee said.
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. Founded in 2014, it has approximately 210 employees globally, including SouthKorea, the U.S,
Standard Energy , a vanadium ion battery developer, announced today it has raised a $8.9 The SouthKorea-based company says its batteries’ advantages over lithium ion include less risk of ignition and the ease of sourcing vanadium. million Series C from SoftBank Ventures Asia.
Mediwhale focuses on SouthKorea as a testbed before launching its service in the U.S. In other words, health insurance covers Reti-CVD as doctors in primary care and hospitals officially use it to treat patients in SouthKorea for the next two years; afterward, Mediwhale must submit additional clinical data to get a permanent code.
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. The company said Tuesday that it has raised $35 million in debt and $15 million in equity in a Series A round. The investment comes months after the startup raised $4.75
Now, a South Korean augmented reality (AR) startup called RECON Labs , which enables e-commerce customers to create 3D models within a few hours by taking a short video of products via its platform PlicAR, has raised $4.4 New investors Korea Investment Partners, Hanwha Techwin and Kakao Brain also joined in the round. “We
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 Pavilion Capital-backed AI chipmaker has raised about $72.8 million since its inception in 2020. .
This extension was led by automotive startup VinFast, a member of Vietnam’s Vingroup conglomerate, which itself is reportedly looking to raised $1 billion for VinFast. Karamba Security raises $2.5 Pham Thuy Linh. million to keep hackers out of connected cars.
ImToken , the blockchain tech startup and crypto wallet developer, announced today it has raised $30 million in Series B funding led by Qiming Venture Partners. Ethereum wallet imToken raises $10M Series A from IDG to expand in the US, Asia and Africa. Crypto boom continues as Chainalysis raises $100M, doubles valuation to over $2B.
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 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. Today the startup announced it has raised a seed extension of $4.1 million, doubling its total raised to $8.2 Dongnae raises $4.1
The latest round brings its total funding raised to $41.4 The research also shows that North Asian countries such as China, Japan and SouthKorea would account for more than 90% of chat commerce spending by 2025. Business messaging platform Gupshup raises $240 million from Tiger Global, Fidelity and others. million (3.5
LineNext, a web3 unit of the Japanese messaging app Line, raised $140 million in its funding led by Crescendo Equity Partners, a Peter Thiel-backed private equity firm in SouthKorea, to expand its web3 platform.
Demand for contactless payments and e-commerce has grown in SouthKorea during the COVID-19 pandemic. The Seoul-based startup announced today it has raised a $60 million Series B. CHAI wants to fix this with an API that enables companies to accept over 20 payment systems.
Swing , a South Korean electric scooter and micromobility startup, announced today it has raised $24 million in a Series B round to spur its growth and expansion to Japan. . With the fresh capital, Swing has raised a total of approximately $33 million (40 billion KRW) since its inception in 2019. . Swing aims to take the market.
SouthKorea-based peer-to-peer (P2P) lending platform PeopleFund announced today it has closed a $63.4 The latest funding brings the total raised by PeopleFund to about $83.6 Korean lending startup PeopleFund raises $11M led by chat app Kakao’s payment unit. million (75.9
by 2022, compared to China’s 6% and SouthKorea’s 34% in 2020. As in many countries around the world, on-demand delivery got a boost during the COVID-19 pandemic in Indonesia. But e-grocery penetration in the country remains low and is estimated to be just 0.5%
It has raised $170 million, funding that it said it will be using to kick off its first air taxi services, which it noted in an announcement would be “in cities like Singapore, Rome, and Paris.” It has raised $579 million?in billion, which works out to a post-money valuation of $1.87B.
AmazeVR , a Los Angeles-based virtual concert platform, said Tuesday it has raised a $17 million funding round to create immersive music experiences through virtual reality (VR) concerts. Both companies plan to launch Studio A in SouthKorea and produce immersive VR concerts. Are virtual concerts here to stay?
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 trillion won in June 2021, when it raised $410 million in pre-Series G funding at a $7.4 SouthKorea’s currency has depreciated against the dollar this year.).
Atommerce claims more than 1 million app users in SouthKorea and 100 enterprises clients, including Naver, NHN, Shinhan Investment, Neowiz and Seoul Metropolitan Government. Mental health startups are raising spirits and venture capital. Intellect, the mental health startup focused on APAC, raises $10M Series A.
SOCAR has reached approximately $834 billion (1 trillion won) valuation after raising $50.7 The company has raised a total of about $275 million since its inception in 2011, the company spokesperson confirmed. In 2018, SOCAR set up a Malaysia-based subsidiary SOCAR Malaysia, which has raised a total of $73.2 million so far. .
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. Socar, the first and only unicorn mobility startup in SouthKorea, aims to become the first listed profitable unicorn company, Park noted. million users and 1.4
QuotaBook , a Seoul-based equity management platform, has raised $11 million in funding led by Elefund, with participation from Access Ventures, Hana Securities and South Korean fintech company Viva Republica. About 40% of startups in Korea use QuotaBook’s service that provides cap table management, according to Choi.
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.
South Korean startup Bucketplace , which operates a home decorating and interior app OHouse, is looking to continue capitalizing on that trend with its most recent $182 million Series D round, the startup’s co-founder and CEO Jay Lee said on Monday in an interview with TechCrunch. Lee told TechCrunch. billion ( 2 trillion KRW).
But it at least has a chance among the plethora of solutions out there, having raised a $4.25 Both seed investors — SouthKorea-based BonAngels as well as LETA Capital — took part in this financing round in January this year ($1.5 fund, LearnStart. TMT Investments and Xploration Capital also joined the round.
Microsoft, Google, and Qualcomm have been raising concerns to regulators about Nvidia’s Arm acquisition , according to reports by CNBC and Bloomberg. Qualcomm has had to pay several fines in the hundreds of millions and sometimes billions of dollars to authorities in China , SouthKorea , and the EU for anti-competitive licensing policies.
Seadronix’s AVISS customers include four ports in SouthKorea (Incheon, Busan, Ulsan and Yeosu), the South Korean Ministry of Oceans and Fisheries and SK Incheon Petrochem , said Park. Orca AI, which puts computer vision onto cargo ships, raises $13M Series A funding. Image Credits: Seadronix.
Mycel , a South Korean startup making fungal-based biomaterials that can replace leather and meat, said it has raised $10 million (13 billion WON) in a pre-Series A round of funding. There are at least eight companies across the globe using mycelium to make leather, per the 2021 Material Innovation Initiative report.
Urbanbase , a Seoul-based company that develops a 3D spatial data platform for interior planning and design, announced today it has raised $11.1 This round of funding was led by Hanwha Hotel & Resort, which is a subsidiary of South Korean conglomerate Hanwha Corporation. The company had raised Series A funding of $1.8
SouthKorea is also taking measures to reduce emissions in the building sector by retrofitting buildings and strengthening ZEB requirements for new buildings through 2030. In energy-efficiency tech, Energy X’s peers include Enpal, which raised a $174 million Series C at a valuation of $1.1 Likewise, the U.S.
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. million in debt financing. It is also weighing a move into Japan.
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