south korea

How Coupang is ‘out-Amazoning even Amazon,’ according to Goodwater Capital

Korean e-commerce giant Coupang is expected to hold one of the biggest tech IPOs of the year on March 11. The company disclosed earlier this month that it is seeking up to $3.6 billion at a potential

GM, LG Chem studying the feasibility of a second battery cell plant in the US

General Motors is exploring building a second U.S. battery cell manufacturing plant with its joint-venture partner, Seoul, South Korea-based LG Chem. If the plant moves forward, it would be the latest

Airlines warn of data breaches after SITA passenger system hack

Global air transport data giant SITA has confirmed a data breach involving passenger data. The company said in a brief statement on Thursday that it had been the “victim of a cyberattack,”

Coupang may raise up to $3.6 billion in its IPO, at a potential valuation of $51 billion

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 billion. After the

South Korea’s prime minister has joined Clubhouse

After garnering an estimated 8 million downloads since its launch, Clubhouse’s popularity continues across the world and even outside of its original tech-focused seed community. The latest news com

How Roblox’s creator accelerator helps the gaming giant build new platform opportunities

As Roblox eyes what could be a historic debut on public markets in the coming months, investors who have valued the company at $29.5 billion are certainly eyeing the gaming company’s dedicated a

Samsung vice chairman Jay Y. Lee sent back to prison in bribery case

Samsung Electronics vice chairman Jay Y. Lee is back in prison following a retrial of his 2017 conviction in a bribery case that helped lead to the downfall of former South Korean president Park Geun-

App stores saw record 218 billion downloads in 2020, consumer spend of $143 billion

Mobile adoption continued to grow in 2020, in part due to the market forces of the COVID-19 pandemic. According to App Annie’s annual “State of Mobile” industry report, mobile app do

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 regi

Shares of Hyundai Motor 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 und

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

Google expands its cloud with new regions in Chile, Germany and Saudi Arabia

It’s been a busy year of expansion for the large cloud providers, with AWS, Azure and Google aggressively expanding their data center presence around the world. To cap off the year, Google Cloud

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 paym

App stores to see 130 billion downloads in 2020 and record consumer spend of $112 billion

Consumers will have downloaded 130 billion apps in 2020 across iOS and Google Play, up 10% year-over-year, according to mobile data and analytics firm App Annie’s year-end forecast. Consumer spe

This Week in Apps: The year’s best apps, 2020’s biggest downloads, the App Store’s newest hire

Welcome back to This Week in Apps, the TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry is as hot as ever, with a recor

Novakid’s ESL app for children raises $4.25M Series A led by PortfoLion and LearnStart investors

With the pandemic playing havoc with children’s education, edtech startups have been on a roll. A new fundraising seems to come almost every week at this point. Today it’s Novakid’s turn. This e

Twitter rolls out Stories, aka ‘Fleets,’ to all users; will also test a Clubhouse rival

Twitter this morning is launching its own version of Stories — aka “Fleets” — to its global user base. The product, which allows users to post ephemeral content that disappears

Former Uber CTO Thuan Pham joins South Korean e-commerce leader Coupang

Thuan Pham, who in May stepped down as Uber’s chief technology officer and longest-serving top executive, has a new job in South Korea. Coupang, the country’s largest e-commerce company by market

Tencent leads $100M Series B funding round into China-based esport provider VSPN

Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports “total solutions provider” VSPN (Versus Programming Network) has raised wha

Hearings begin in Samsung vice chairman Jay Y. Lee’s accounting fraud trial

The trial of Samsung leader Jay Y. Lee, who is accused of accounting fraud and stock-price manipulating, held its first hearing today at the Seoul Central District Court. The Seoul Central District Co
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