Speakeasy Labs Inc., a South Korea-focused language learning app operator, has joined the ranks of unicorn startups after raising $78 million at a valuation of $1 billion.
Rebellions Inc., a South Korean artificial intelligence chip design startup, officially merged with Sapeon Korea to form the first domestic AI chip unicorn under the unified name Rebellions.The merger between Rebellions and Sapeon Korea, an AI chip firm backed by telecom giant SK Telecom Co.
Rebellions founder and CEO Park Sung-hyun The number of artificial intelligence unicorns has been on the rise thanks to the AI boom, but none of these South Korean AI startups have yet to join the club.In the world’s 11th-largest economy, consumer platforms dominate the list of unicorns,
(Courtesy of Getty Images Bank) South Korean unicorns, or private companies worth $1 billion or more, are increasingly refraining from taking over smaller startups for business expansions, dampening the overall domestic acquisitions market, due to a prolonged local venture capital funding droug
South Korea’s unicorn startups, or venture firms with a corporate value of at least 1 trillion won ($760 million), are poised to return to the initial public offering market with prices of their shares trading high on the over-the-counter (OTC) market.According to ustockplus.com, a popul
The 28th ICT Regulatory Sandbox Standards Commission meeting on June 16, 2023 (Courtesy of Ministry of Science and ICT) Regulatory reform is still slow in South Korea, obstructing innovation in technologies and industries, and the government must take bolder action to abolish outdated regulatio
South Korean President Yoon Suk Yeol gives a speech at Station F in Paris on June 20 (Courtesy of Yonhap) Among 10 major economies worldwide, South Korea's global share of unicorn companies, or startups with a corporate value of over $1 billion, has shrunk by nearly half over the past four year