Tag: south korea
Content discovery platform Dable closes $12 million Series C at $90 million valuation to accelerate its global expansion
Launched in South Korea five years ago, content discovery platform Dable now serves a total of six markets in Asia. Now it plans to speed up the pace of its expansion, with six new markets in the region planned for this year, before entering European countries and the United States.…
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Shares of Hyundai Motors Co. climb more than 20% on potential EV deal with Apple
Hyundai Motor Company is downplaying reports that it is in talks with Apple to produce an autonomous electric vehicle, stating that discussions are still in the “early stage” and still undecided. But the news of a potential tie-up (however tentative) with Apple, which is known for keeping a tight lid…
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Samsung vice chairman Jay Y. Lee faces nine-year sentence in bribery case
Samsung Electronics vice chairman Jay Y. Lee faces a nine-year prison term in the bribery case that contributed to the downfall of former president Park Guen-hye. Prosecutors argued that the length of the sentence is warranted because of Samsung’s power as the largest chaebol, or family-owned conglomerate, in South Korea.…
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Fusion energy device sets a record by running for 20 seconds
Most technology creators would consider a seconds-long test a bitter disappointment, but it’s a rousing success in the world of fusion energy. According to Phys.org, the Korea Superconducting Tokamak Advanced Research (KSTAR) device recently set a wo… Source
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Seoul-based payment tech startup CHAI gets $60 million from Hanhwa, SoftBank Ventures Asia
Demand for contactless payments and e-commerce has grown in South Korea during the COVID-19 pandemic. This is good news for payment service operators, but the market is very fragmented, so adding payment options is a time-consuming process for many merchants. CHAI wants to fix this with an API that enables…
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South Koreans can now store their driving license on their smartphones
We use our smartphones for pretty much everything these days, so why not add official identification to the mix? That’s what three telcos in South Korea have done, leveraging an existing authentication app to create digital drivers’ licenses that can… Source
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