MindLogic, an AI startup based in South Korea, has secured 7 billion won in Series B funding, with investment from Lee Soo-man, the former chief producer of SM Entertainment. This makes Lee Soo-man’s investment in MindLogic 10 billion won.  Known for actively backing promising Korean startups in drones and biotech, Lee has chosen MindLogic as […]

Binance, the llobal blockchain ecosystem and cryptocurrency infrastructure provider, has invested in GOPAX, a South Korean cryptocurrency exchange licensed to provide fiat-to-crypto services to customers. The investment was part of Binance’s Industry Recovery Initiative (IRI), according to the announcement. Launched at the end of 2022, the IRI is a co-investment opportunity for organizations wishing to […]

Crypto.com, the world’s fastest growing cryptocurrency platform, announced today it has secured Electronic Financial Transaction Act and Virtual Asset Service Provider registration by acquiring payment service provider PnLink Co. Ltd. and virtual asset service provider OK-BIT Co. Ltd. “This is an exciting next step for Crypto.com in an important market,” said Kris Marszalek, Co-Founder and […]

The Korean launch vehicle Nuri (KSLV-II) was successfully launched from the Naro Space Center in Goheung, South Korea at 16:00 pm on 21st June 2022. Private space companies participated in this test launch along with Korea Aerospace Research Institute(KARI), contributing to the achievement of the first Korean launch vehicle developed solely from domestic technology. Ground […]

Korean space tech company CONTEC announced raising raised $11 million in its Series B funding round led by local venture capital firm Atinum Investment to fuel its expansion plans. In a statement, the startup said four other major venture capital investors in Korea, including Korean Development Bank, Industrial Banks of Korea, Korean Investment Partners, and […]

Dable, Asia’s No.1 content discovery platform, announced that it had acquired NVM Co. Ltd., a media startup that operates the digital media Pinch.  With this acquisition, NVM’s primary workforce and core development assets have been transferred to Dable. Dable aims to expand its business to a media publishing platform with global competition by combining its […]

Samsung Electronics announced that it will support five startups that spun off from its C-Lab Inside in-house incubation program.