Page 6 - Future Unicorns News Today

SK　Hynixs　latest　176-layer　512　GB　Triple-Level　Cell　(TLC)　4D　NAND　flash　memory. The reported bids to buy Japanese chipmaker Kioxia Holdings Corp. by Micron Technology Inc. and Western Digital Corp. is raising market chatter over the fate of the Kioxia stake held by South Korea’s SK Hynix Inc. According to the investment banking industry on Apr. 2, SK Hynix doesn’t have any right to buy additional Kioxia shares ahead of other bidders if the Japanese company is up for ...

Geun-ho Im Mar 17, 2021 (Gmt+09:00) ENG E-book platform operator RIDI Corp. has successfully tapped into the US market, fueling anticipation over the possibility of it becoming South Koreas next unicorn startup. Last November RIDI rolled out Manta, a subscription-based webtoon service, in North America. The service offers Korean webtoons translated into English, priced at $3.99 a month. According to mobile data provider AppAnnie on Mar. 16, Manta is currently in eighth place in the b...

Krafton,　developer　of　PlayerUnknown’s　Battlegrounds　(PUBG),　aims　to　go　public　this　year. South Korean games developer Krafton Inc., 13.2% owned by Tencent Holdings’ investment arm, plans a five-for-one share split ahead of its planned initial public offering, through which it aims to raise over 1 trillion won ($886 million). According to the investment banking industry on Mar. 17, the company will seek approval of the stock split plan at its annual shareholders meeting...

Mar 17, 2021 (Gmt+09:00) ENG KIC　Chief　Executive　Choi　Heenam South Koreas Police Mutual Aid Association (PMAA) has been looking for a new chief investment officer for a half year, while the sovereign wealth fund Korea Investment Corporation (KIC) and the Military Mutual Aid Association (MMAA) have just kicked off their CIO selection process.  Another retirement fund Korea Scientists & Engineers Mutual-aid Association will likely join them soon to find the successor of CIO Huh...

Hyosungs　ESS　facilities　(Courtesy　of　Hyosung　Heavy　Industries) Hyosung Heavy Industries, the construction and infrastructure arm of South Korea’s textile and chemicals conglomerate Hyosung, on Mar. 17 said that it closed a 50 MW (megawatt) energy storage system (ESS) deal with UK’s energy investment management firm Downing LLP. The ESS facilities are to be constructed in Southampton, UK, and will be directly connected to the power grid of the British utilities company Nationa...

Clearpath’s　unmanned　ground　vehicle　(UGV),　Jackal Hyundai Motor Co. has invested $5 million in Clearpath Robotics Inc., a Canada-based robotics startup, in a stepped-up push to transform into a comprehensive provider of future mobility. According to its 2020 business report filed with the Financial Supervisory Service on Tuesday, the top South Korean automaker made the investment in December of 2020. Headquartered in Waterloo Region, Canada, Clearpath was founded in 2009 to streamli...

Ga-yung Chu Mar 17, 2021 (Gmt+09:00) ENG Allganize　CEO　Lee　Chang-su　during　a　Zoom　interview　with　The　Korean　Economic　Daily　on　Mar.　10,　the　day　after　the　firm　raised　$10　million. “Companies that havent adopted artificial intelligence may eventually cease to exist,” said Lee Chang-su, founder and chief executive of the Silicon Valley-based startup Allganize, explaining why he became a serial entrepreneur in an interview with The Korea E...