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IBK Venture Investment, an investment arm of the state-owned Industrial Bank of Korea, pledged to inject 500 billion won ($370 million) into local startups over the next three years at an event in Seoul on Thursday. The investment unit, the ninth subsidiary under the IBK Financial Group, was founded in December with an initial capital of 100 billion won to fund early-stage startups. It was licensed as a new technolog...
The endeavor of newly established political parties to forge an alliance may face challenges in garnering significant momentum in the run-up to the legislative elections in April, as the former leader of the ruling party Lee Jun-seok declared that the opportune moment for the so-called "big tent" strategy has elapsed. Lee on Saturday openly distanced himself from the increasing calls for a union, while supp...
The upcoming omniverse series “Tarot” has officially revealed its cast lineup! “Tarot” unfolds as a series of seven omniverse horror episodes delving into mysterious events that could be part of anyone’s everyday life, all centered around the theme of tarot cards. The plot kicks off as the main characters each receive different tarot cards, and
A knife attack on a South Korean opposition leader has drawn concern over the potential for more politically motivated violence in the run-up to a critical national election.
South Korea’s political scene hit turbulence when Lee Jae-myung, leader of the main opposition Democratic Party of Korea, was stabbed in the neck during a visit to the southeastern port city of Busan on Tuesday, a shocking physical attack that sparked a chorus of condemnation from the public as well as political figures. The Democratic Party chair was stabbed on the left side of his neck by a man who disguised ...
South Korea’s political scene hit turbulence when Lee Jae-myung, leader of the main opposition Democratic Party of Korea, was stabbed in the neck during a visit to the southeastern port city of Busan on Tuesday, a shocking physical attack that sparked a chorus of condemnation from the public as well as political figures. The Democratic Party chair was stabbed on the left side of his neck by a man who disguised ...
Industrial Bank of Korea (IBK) announced on Thursday that it has established IBK Venture Investment, a venture capital subsidiary, with an initial investment of 100 billion won ($77 million). This marks the first time the government-run bank has launched a venture capital firm.