Samsung reports preliminary Q4 operating profit of ~$4.5B, vs. est. of ~$6.2B, and revenue of ~$51.7B, below est., due to hefty R&D and capacity expansion costs
- Korean company ratchets up push to catch up in high-end memory — Samsung has ceded ground to SK Hynix in lucrative AI arena
Tencent-backed Shift Up closed up ~18% after raising $320M in its Seoul IPO, the largest South Korean IPO by a gaming company since Krafton raised $3.8B in 2021
- Tencent-backed firm sold shares at the top of an offered range — It's the largest Korean IPO by a gaming firm since Krafton
Filing: South Korea's largest car sharing startup Socar files for an IPO in Seoul on August 18, seeking to raise at least ~$119M and pricing shares at ~$26-$35
Bloomberg : Tweets: @leeminjeong83 and @honam Tweets: Min-Jeong Lee / @leeminjeong83 : South Korea's car-sharing leader Socar, backed by SoftBank, will seek at least $119 million in an IPO, selling s...
A look at Do Kwon's algorithmic stablecoin UST, designed to trade at $1 but which has been in freefall; CoinMarketCap says there are ~14.8B UST in circulation
Earn ~21% on DFX Finance's EURS/USDC pool! Liam ‘Akiba’ Wright / CryptoSlate : Luna Foundation Guard close to announcing recovery plan for TerraLuna, UST Osato Avan-Nomayo / The Block : Korean crypto ...
Internal document: Netflix estimates Squid Game will create almost $900M in value for the company; 87M viewers finished the series in the first 23 days
More than 130 million people have watched the Korean show — Netflix estimates that its latest megahit, “Squid Game,” …
Notion raises $275M led by Coatue Management and Sequoia at a $10B valuation; the company was reportedly valued at $2B in April
keep in mind that re-centralization (never called that but in the DNA) is always at the core of big valuations. BTW I think Notion is terrific. https://twitter.com/... @can : I'm hoping Notion will sp...
Filing: Korean game studio Krafton, which develops PlayerUnknown's Battlegrounds, is set to raise $3.8B during a Seoul IPO, valuing the company at ~$21.2B
- Game developer sets share price at top of revised range — IPO values Tencent-backed developer at $21.2 billion
South Korea's largest travel booking app Yanolja raises about $1.7B from SoftBank's Vision Fund 2, sources say at a valuation of $9B+
- Yanolja is said to be considering an IPO at home and overseas — Coupang's hot debut spurs a wave of Korean tech startup IPOs
Viva Republica, developer of Korean financial services app Toss, raises $410M at a post-money valuation of $7.4B, and says it's launching a neobank in September
Samsung forecasts Q1 2020 operating profit of $5.2B, up 2.7% YoY, beating analyst estimates, and consolidated sales of ~$44B; stock is up 3%+
- Samsung said it expects 6.4 trillion Korean won ($5.23 billion) in first-quarter operating profit for 2020, up 2.7% from the 6.23 trillion won it posted for the same period a year earlier.