South Korea
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South Korea taps SK Telecom, Kakao, KT for free AI plan
SK Telecom’s AI service will handle restaurant bookings and issue 83 types of certificates.
Minh Le · · 1 min read
SK Telecom plans AI data center spin-off with $2.2b investment
SK Telecom will retain a 51% stake in SK Horizon, while KKR and the IMM consortium will hold 29% and 20%, respectively.
Minh Le · · 1 min read
SSG.com to split as Emart, Shinsegae rethink ecommerce
Emart and Shinsegae will retain their current ownership split of 65.1% and 34.9% in both firms.
Aiko Gao Ishida · · 1 min read
S Korean AI startup Wrtn nets $72.2m series C
Wrtn’s North America-focused OOC hit 10 billion won in monthly revenue three months after launch.
Diya Lal · · 1 min readSamsung shares slide 8% as payout plan disappoints
Samsung said on August 22 that this year’s shareholder returns would be more than five times its previous peak of 20.3 trillion won (US$14.6 billion) in 2020.
Minh Le · · 1 min readNvidia explores deal with S Korean AI startup Rebellions
Rebellions has raised roughly US$850 million from investors including SK Hynix and Arm.
Naomi Li Gan · · 1 min readSamsung SDI to sell $3.2b stake in Samsung Display
Samsung Display plans to buy the shares as treasury stock at 340,000 won (US$240) each.
Aiko Gao Ishida · · 1 min readSouth Korea plans $72b fund for AI, youth programs
The budget ministry said the fund would save excess tax revenue in stronger years and use it when revenue weakens.
Minh Le · · 1 min readKakao to split into AI, investment-focused companies
Kakao shares fell 11% to 33,850 won (US$24) by after the announcement.
Aiko Gao Ishida · · 1 min readSamsung plans $71.7b shareholder return: report
A report said Samsung’s board will meet at the end of August to approve the plan, which would include a special dividend.
Grace Priscilla Teo · · 1 min read