South Korean crypto exchange Upbit suspended deposits and withdrawals after saying ~$30M worth of Solana tokens were moved to an unauthorized external wallet
Upbit has suspended deposits and withdrawals after it discovered an unauthorized transfer of about $30 million of digital assets …
Samsung, SK Group, and others announce billions in domestic investment after US-South Korea trade deal; Samsung plans to invest $310B and SK Group pledged $88B
Samsung Electronics and other major South Korean companies on Sunday announced fresh domestic investment plans at a meeting …
South Korean AI chip maker Rebellions raised a $250M Series C at a $1.4B valuation; Arm joined the round as a strategic partner
Yoolim Lee / Bloomberg :
PUBG developer Krafton is eyeing major expansion in India, seeking acquisitions as growth slows in China and the US, and plans to invest at least $50M annually
South Korea's Krafton faces a tough fight to wring revenues from price-sensitive players — The South Korean games developer …
Samsung invests $181M in South Korean robot maker Rainbow Robotics, boosting its stake to 35%, and launches a Future Robotics Office reporting to the CEO
Samsung Electronics (005930.KS) became the largest shareholder of South Korea's Rainbow Robotics (277810.KQ), the robotics company said in a regulatory filing on Tuesday.
Coupang reports Q2 revenue up 25% YoY to $7.3B and a $77M net loss, its first loss since 2022, due to its Farfetch deal and a South Korean regulatory fine
Yoolim Lee / Bloomberg :
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
LA-based Webtoon, owned by South Korea's Naver, files for a US IPO; sources: the online comics platform could seek to raise up to $500M at a $3B-$4B valuation
Los Angeles-based Webtoon said in a filing Friday with the US Securities and Exchange Commission that South Korean internet company Naver …
The US awards Samsung up to $6.4B in CHIPS Act funding and says the company plans to make 2nm chips at its Taylor, Texas plant by 2026, two years ahead of TSMC
South Korean group set to outdo rival TSMC with cutting-edge 2nm chip production in US by 2026 as part of $40bn investment
Sources: Samsung plans to more than double its total chip investment in Taylor, Texas to ~$44B, a significant breakthrough for US' chip manufacturing plans
South Korean firm plans to add a second semiconductor factory and advanced-packaging facility at its new hub outside Austin