Page 4 - Future Unicorns News Today

SK　officials　pose　for　a　photo　after　signing　a　deal　to　buy　a　stake　in　VinCommerce. South Korea’s SK Group has acquired 16.3% of Vincommerce, Vietnam’s top retail business operator, for $410 million as part of a move to expand its presence in the Southeast Asian nation’s consumer sector. SK, Korea’s third-largest conglomerate, said on Apr. 6 that SK Southeast Asia Investment Ltd. has signed a deal to purchase the stake from Masan Group, Vietnam’s food and b...

(courtesy　of　HYBE　Labels) Top celebrities including BTS, Justin Bieber, J Balvin and Demi Lovato as well as the top management of the two companies expressed enthusiasm over the new partnership in the video uploaded on Apr. 6 by HYBE’s official YouTube channel, HYBE Labels. “Such great news that leaves us all in awe! Justin Bieber, Ariana Grande, J Balvin! The team behind these and so many incredible artists have come together with HYBE. We hope this new adventure will give fans a fr...

Kakao Corp.’s Japanese unit, which operates Japan’s largest webtoon platform Piccoma, is in talks to attract as much as 500 billion won ($446 million) from Seoul-based private equity firm Anchor Equity Partners. According to the investment banking industry on Apr. 6, Kakao Japan is seeking investment from Anchor Equity, presenting its enterprise value at between 7 trillion won and 8 trillion won. Kakao Japan is 78.4% owned by Kakao Corp., one of South Korea’s top content and mobile app op...

Pinkfong　Baby　Shark　is　the　most-watched　YouTube　video　with　over　8　billion　views. SmartStudy, a South Korean edtech firm behind global YouTube hits Pinkfong and Baby Shark Dance, has become the country’s 13th unicorn startup after receiving an enterprise value of over 1 trillion won ($890 million) in the latest funding round.  The company is currently wrapping up around a 30 billion won fundraising from investors, including Korea Development Bank and Pureun Partners, a...

Yeouido,　the　main　financial　street　in　South　Korea South Korean companies, having raised 30 trillion won ($27 billion) in both equity and bond issues in the first quarter of this year, are on course to set a new record for capital raising for the entire year, according to the countrys top financial regulator. Driven by year-long stock market rallies, their rush to secure cash garnered a warm response from investors who let down their guard on the survivors of the global pandemic. A...