Page 11 - Future Unicorns News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SK　Hynix's　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 sale, which means SK Hynix’s invested firm may end up in the hands of its competitors. Back in 20...

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 Korea's 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 book category on the iPhone App Store in the US.  “Manta has seen over 300,000 downloads in just ...

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 on Mar. 31. Under the plan, the face value of its shares will be cut to 100 won apiece from 500 wo...

Mar 17, 2021 (Gmt+09:00) ENG KIC　Chief　Executive　Choi　Heenam South Korea's 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 Sung-moo whose two-year term is expiring next month. In the second half, the National Pension Serv...

Hyosung's　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 National Grid.   Under the deal, Hyosung Heavy will provide the construction design as well as the suppl...