Upstage, a pioneering AI company specializing in large language models (LLMs) and Document AI, today announced that it has raised $72 million in a Series B. With this latest investment, Upstage has now raised over $100 million since its founding in October 2020, making it the most-funded South Korea
Chey Min-jung, the younger daughter of Chey Tae-won, the chairman of SK Group, has recently founded a healthcare startup in the United States.According to industry sources on March 28, Min-jung has been listed as a co-founder of Integral Health, an AI-based healthcare startup established recently. T
LG CNS announced on March 27 that it has signed an investment agreement for the establishment of a joint venture with Indonesia’s Sinar Mas.Through this agreement, the two companies will establish a joint venture (JV) in Indonesia. The JV will target Indonesian businesses and public customers, pushi
Artificial Intelligence (AI), deep partner collaboration, and building a strong ecosystem foundation were championed as next-level growth engines to new opportunities in industry digitisation at the recent Huawei Cloud APAC Partner Connection Summit 2024.Huawei Cloud Asia Pacific hosted approximatel
It is forecast that both the economically active population and the employed population will enter a declining trend starting from 2028. To sustain economic growth, it is analyzed that an additional workforce of up to 900,000 people will be needed by 2032.On March 19, the Korea Employment Informatio
The growth of leading domestic companies in the medical AI field is becoming evident, as the number of clinical trial applications, approvals, and authorizations rapidly increases. Medical AI involves AI trained on various disease data, analyzing patients’ Computed Tomography (CT) scans or Magnetic
LG Group has decided to embark on joint AI research and development with The Jackson Laboratory, a world-renowned genome research institution based in the United States, to unlock the secrets of Alzheimer’s disease and cancer.LG AI Research and The Jackson Laboratory have signed a recent contract fo
Kolon Life Science announced on March 11 that its osteoarthritis cell and gene therapy “TG-C,” developed by Kolon TissueGene, has been granted a patent in Japan. The patent is for a “pharmaceutical composition for the prevention or treatment of osteoarthritis” related to TG-C. TG-C is a medication t
The Ministry of SMEs and Startups announced on March 3 that it discussed the establishment of a ministerial-level consultative body with the UAE Ministry of Economy during its attendance at the Investopia global investment event held in Abu Dhabi, UAE, from Feb. 28 to 29 (local time).Investopia is a
Seed Group, a leading company under the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, has taken a significant step towards revolutionising the travel industry in the Middle East and North Africa (MENA) region through its strategic partnership with Seoul-based hospitality tech startup ONDA.Wit
On Feb. 20, the Incheon Free Economic Zone (IFEZ) announced the inauguration of Yoon Won-seok, the former executive vice president of the Economic and Trade Cooperation at the Korea Trade-Investment Promotion Agency (KOTRA), as its 8th Commissioner. The position of Commissioner of the Incheon Free E
AI MedTech specialist Waycen (CEO Kim Kyungnam) announced on the 14th that they have signed a strategic sales agreement with Hamza Batterjee President & CEO MegaMind the largest healthcare specialized company in the Middle East located in Saudi Arabia, for its medical AI solutions and healthcare pro
SK telecom and KT have announced their plans to showcase advanced technologies based on artificial intelligence (AI) at the Mobile World Congress (MWC) 2024, which opens on Feb. 26 in Barcelona, Spain. SKT is set to occupy a large exhibition space of 992 square meters in the Fira Gran Via Hall 3, un
Hugel announced on Jan. 29 that it has launched HA fillers in Thailand. The company successfully launched the products after obtaining a product license from the Thai Food and Drug Administration (TFDA) in August last year, becoming the first company to enter the Thai HA filler, botulinum toxin, and
The Ministry of SMEs and Startups (MSS) is actively moving forward with the designation of new global innovation districts this year. Simultaneously, it is focusing its efforts on strengthening global collaboration programs to foster the venture ecosystem. The ministry plans to strengthen support fo
SoftBank Ventures Asia is officially changing its company name to SBVA from beginning of February 1st after The Edgeof acquired the company from SoftBank Group Corp.(SBG) in June of last year. The new SBVA embraces the concept of technological singularities and the broader impacts of the virtues of
At the beginning of this year, the Consumer Electronics Show (CES) 2024, the world’s largest consumer electronics and IT exhibition, brought into focus the trend of “on-device AI,” or artificial intelligence operating within the device. The emergence of devices equipped with this technology is injec
The Ministry of Trade, Industry, and Energy (MOTIE) and the Korea Trade-Investment Promotion Agency (KOTRA) announced on Jan. 28 that they have published the “JP Morgan Healthcare Conference Weekly Expedition Report” as part of their “Overseas Exhibition Information Provision” series.The 42nd JP Mor
SK telecom anticipates further advancement in artificial intelligence (AI) technology this year, with plans to enhance its AI personal assistant “A.” and secure allies in the global market for tangible results.On Jan. 25, Yoo Young-sang, CEO of SK Telecom, discussed the company’s AI strategy with th
Seegene announced on Jan. 24 its collaboration with Microsoft to promote a technology-sharing project aimed at realizing the vision of a “World Without Disease” during a meeting in London, the U.K.Through this collaboration with Microsoft, Seegene plans to share its unique Syndromic Quantitative PCR