Coupang announced that it held a ceremony in honor of the opening of its second fulfillment center in Taiwan in Taipei City, Taiwan on Nov. 2.The new fulfillment center is located in Taoyuan City in the northwestern region of Taiwan. It is a large-scale logistics center based on smart logistics that
Global startup event Come Up 2023, hosted by the Ministry of SMEs and Startups and managed by the Korea Startup Forum (KSF), will be held for three days from Nov. 8 at Dongdaemun Design Plaza (DDP) in Seoul.Minister Lee Young emphasized that this event aims to globalize and serve as a growth platfor
The Ministry of SMEs and Startups (Minister LEE Young, hereinafter referred to as MSS) and the Korea Startup Forum (KSF, Chairman PARK Jae-wook, CEO of SOCAR) held a press briefing on COMEUP 2023 at Dreamplus in Gangnam-gu, Seoul on October 30.COMEUP is an annual event aimed at showcasing South Kore
A large number of young venture startup CEOs in their 30s and 40s believe that the current inheritance tax should be abolished or lowered, according to a survey.On Oct. 29, the Korea Enterprises Federation (KEF) conducted a survey on the perception of Korea’s inheritance tax system among 140 venture
As of the end of the first half of this year, there were approximately 86 domestic corporate venture capital firms (CVC) established and held by companies to invest in alignment with their business strategies. CVC’s share of the total venture investment amount stands at 22%, and the government has a
On Oct. 19, the Korean Chamber of Commerce and Industry (KCCI) announced the results of a survey titled “2023 Startup Challenges and Policy Issues” conducted among 259 domestic startups, providing insights into their current obstacles and policy recommendations.The survey revealed that four out of 1
Flitto (CEO Simon Lee, KOSDAQ 300080), a global integrated language platform and AI data solution provider, announced on the 16th its participation as an exhibitor at Expand North Star 2023, a highly anticipated expo along with GITEX Global. The AI data company will be joining the expo ecosystem as
ONDA, a South Korean hospitality technology company, is participating in Dubai’s largest startup and investor event to mark its entry into the Middle East hospitality technology market.ONDA (CEO Hyun-seok Oh) announced its participation in ‘Expand North Star 2023’ from October 15th to 18th at the Du
Expectations are rising that South Korean electric mobility companies might counteract the rapid market penetration of cheaper Chinese alternatives by next year. Particularly, South Korean SMEs, medium-sized businesses, and startups are strategizing to differentiate themselves from Chinese products
As the Israel-Palestine conflict unfolds, disruptions in the production and operations of local semiconductor companies have raised concerns within the semiconductor supply chain. Israel, often hailed as a “startup nation,” is home to key global companies across the entire semiconductor ecosystem fr
The ongoing armed conflict between Israel and the armed Palestinian faction, Hamas, has sent shock waves through the Middle East. Accordingly, major South Korean companies like Samsung Electronics and Hyundai Motor, which have a significant presence in the area, are closely monitoring the situation.
Samsung Electronics is joining hands with Jim Keller, often referred to as the “legend of semiconductor design,” and his company Tenstorrent, to produce advanced AI semiconductors at its Taylor Foundry in the United States. The move signifies Samsung’s accelerated efforts to collaborate with both do
Hyundai Motor Group and the Georgia Institute of Technology (Georgia Tech) have officially signed a memorandum of understanding (MOU) for future mobility collaboration on Sept. 19 (local time) at the Georgia Tech John Lewis Student Center in Atlanta, Georgia. Chung Eui-sun, chairman of Hyundai Motor
Hyundai Mobis is ramping up its investment in global startups with core technologies for future mobility. Its strategy is to increase and support competitiveness in specific fields such as semiconductors and software, autonomous driving sensors, and infotainment. Over the past five years, Hyundai Mo
Since the implementation of the U.S. Inflation Reduction Act (IRA) in August last year, Hyundai and Kia Motors have seen their U.S. electric vehicle (EV) market share drop to a third of their pre-IRA levels.According to data obtained from the automotive industry on Sept. 13 by Kim Hae-jae, a member
Recent data shows that South Korea’s top revenue-generating corporations have collectively invested a total of 4.5 trillion won (US$3.38 billion) in stakes in other companies, including ventures and startups, over the past 2 years and 6 months. The sector that received the highest concentration of i
AiiTONE pushed forward the establishment of the branch in Korea with the UAE Royal Family. It is the first time to build the Royal Family Office in overseas countries.Bruce Jeong, the chairman of Middle Investment said at a press meeting held at Josun Palace Gangnam-gu, Seoul on the afternoon of the
'H2 MEET 2023', the world's largest hydrogen industry exhibition, will host its largest-ever event at KINTEX 1 in Goyang, Gyeonggi Province for 3 days from Wednesday, September 13 to Friday, September 15.This exhibition is hosted by the H2 MEET Organizing Committee (Chaired by Nam-hoon Kang, Chairma
SK Telecom announced on Sept. 11 that it has launched a solution that can reduce the cost of operating AWS-based cloud services by up to 40 percent.SK Telecom’s solution is a cloud cost optimization solution based on Amazon Web Services (AWS). It supports migration from Intel- and AMD-based servers
The Born2Global Center, which supports Information and Communication Technology (ICT) startups in their overseas ventures, is set for a new beginning as a foundation a decade after its establishment.The Ministry of Science and ICT (hereafter referred to as MSIT) announced that the K-ICT Born2Global