Page 8 - Future Unicorns News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 operators. Kakao Page Corp. owns the remaining 21.6% of Kakao Japan. Piccoma,　Japan’s　largest　...

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, according to investment banking sources on Apr. 5. This will make SmartStudy the first domestic conte...

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 country's 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. Amid expectations of a global economic recovery, the surging valuations of companies in the growth i...