Page 5 - Future Unicorns News Today

The　Centrale South Koreas Meritz Securities Co. is at high risk of incurring losses from its $350 million lending on a luxury condominium tower in Manhattan, New York, after its developer has been several months behind on interest payments on the loan, according to investment banking sources on Apr. 5.  In February 2020, Meritz provided a $350 million loan to the developer of The Centrale, collateralized on the unsold units of the 63-story residential tower in Midtown East of Manhattan. The ...

South Korea-based fresh food logistics startup Team Fresh has concluded its 30 billion won ($26.7 million) Series C round, attracting high-profile investors such as KT Investment, Kakao Investment alongside existing investors, NH Capital – DTN Investment, STIC Ventures and Shinhan Capital. So far, Team Fresh has netted 53 billion won in fundraising. The company is expected to have received an enterprise value of around 140 billion won in the latest funding, a sharp rise compared to the 85 bil...

Hyundais　Asan　plant. Hyundai Motor Co. will likely suspend a second plant due to a component supply disruption as a global shortage of automotive chips is putting the top South Korean automaker under increasing pressure. According to industry sources on Apr. 5, Hyundai Motor notified its labor union of its decision to halt its Asan plant for three days from Apr. 7 and run only half of the facilities for Apr. 12-15. The Asan factory mainly produces the Sonata and Grandeur sedans. The brief s...

Ye-Jin Jun 3 HOURS AGO ENG DoubleDown Interactive LLC, a South Korean social casino game publisher, has resumed the process to go public on the Nasdaq, tapping the red-hot US IPO market with improved earnings amid the social distancing trend.  The mobile and web-based game developer has recently submitted a revised Form F-1, or a statement required for a US listing, to the US Securities and Exchange Commission. The revised statement updated its financial details filed in June 2020, ...

Radish,　a　US-based　mobile　fiction　platform,　was　co-founded　by　CEO　Seung　Yoon　Lee　in　2016 South Koreas mobile giant Kakao Corp. is in negotiations to buy management rights of the US-based mobile fiction startup Radish Fiction for around 400 billion won ($354 million), amid intense competition for storytelling content among internet platforms, streaming service providers and even telecom giants. Kakao Entertainment, a platform for web novels and comics, has been at the...