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Hyundai and Seoul set to test self-driving cars on city roads starting next month

Hyundai and Seoul set to test self-driving cars on city roads starting next month Hyundai has signed a memorandum of understanding (MOU) with the city of Seoul to begin testing six autonomous vehicles on roads in the Gangnam district beginning next month, BusinessKorea reports. The arrangement specifics that six vehicles will begin […]

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Kurly, a grocery e-commerce startup in Korea, closes upsized $113M Series D round

Kurly, a grocery e-commerce startup in Korea, closes upsized 3M Series D round Kurly, a startup that operates a grocery delivery service in Korea, said today that it has closed an upsized Series D round that reached a total of $113 million. The company announced the round in April when it was […]

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Payment service Toss becomes Korea’s newest unicorn after raising $80M

Payment service Toss becomes Korea’s newest unicorn after raising M South Korea has got its third unicorn startup after Viva Republica, the company beyond popular payment app Toss, announced it has raised an $80 million round at a valuation of $1.2 billion. This new round is led by U.S. firms Kleiner Perkins and […]

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Korean e-commerce firm Coupang raises $2 billion from SoftBank’s Vision Fund

Korean e-commerce firm Coupang raises billion from SoftBank’s Vision Fund Just days after a CIA report concluded that Saudi Crown Prince Mohammed bin Salman ordered the murder of journalist Jamal Khashoggi, SoftBank’s Vision Fund — the gargantuan investment vehicle anchored by a $45 billion investment from Saudi Arabia’s PIF sovereign fund — is back […]

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Korean AI startup Skelter Labs raises $10M to expand to Southeast Asia

Korean AI startup Skelter Labs raises M to expand to Southeast Asia Korean AI startup Skelter Labs is expanding to Southeast Asia after it pulled in $10 million in new funding led by Singapore-based VC firm Golden Gate Ventures. Skelter Labs was founded in 2015 by founded by Ted Cho, the former engineering […]

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Korean AI startup Skelter Labs lands strategic investment to expand to Southeast Asia

Korean AI startup Skelter Labs lands strategic investment to expand to Southeast Asia Korean AI startup Skelter Labs is expanding to Southeast Asia after it pulled in undisclosed funding from Singapore-based VC firm Golden Gate Ventures. Skelter Labs was founded in 2015 by founded by Ted Cho, the former engineering site director at […]

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Korean lending startup PeopleFund raises $11M led by chat app Kakao’s payment unit

Korean lending startup PeopleFund raises M led by chat app Kakao’s payment unit South Korean peer-to-peer lending startup PeopleFund is in the money itself after it raised an $11 million Series B funding round that was led by Kakao Pay, the fintech division of Kakao, Korea’s top messaging firm. The deal comes as […]

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Peak Theory lines up media partners and funding as Cubcoats becomes a phenomenon

Peak Theory lines up media partners and funding as Cubcoats becomes a phenomenon With a planned cartoon series coming up, partnerships in place with Major League Baseball, NBCUniversal, and other media companies of heroic proportions, the founders creating the kids clothing phenomenon, Cubcoats, are on a roll. Peak Theory, launched by longtime […]

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Location-based virtual reality is increasing its footprint in the U.S.

Location-based virtual reality is increasing its footprint in the U.S. Earlier this year, in a small, grey-walled storefront inside a very large mall in Torrance, Calif. (just past the AMC Center) , the virtual reality game-maker Survios planted its first flag in the market for location-based gaming. It’s one of several companies […]

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Esports Overwatch League heads to hipster Brooklyn for its finals

Esports Overwatch League heads to hipster Brooklyn for its finals What could be more perfect than moving the inaugural championship finals for an eSports league from its Los Angeles home to Brooklyn? For Overwatch League, the esports conference created by fiat from Activision Blizzard, the move is the first step in its […]

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