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Fresh food logistics startup Team Fresh secures 30 billion won in Series C


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 billion won valuation from the Series B round, according to venture capital industry sources.
The company plans to use the proceeds for its operations and to expand its logistics centers. ....

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Hyundai likely to briefly halt 2nd plant; Grandeur sedan affected


Hyundai s 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 suspension was due to a shortage of the power control unit (PCU) that supports the vehicle electrical system, according to industry officials. The shortage is affecting an estimated 7,000 sedans, they added. ....

Privacy Policy , The Korea Economic Daily Global Edition , Korean Investors , The Korea Economic Daily , Deals Markets , Culture Trends , Hidden Champions , Future Unicorns , ப்ரைவஸீ பாலிஸீ , தி கொரியா பொருளாதார தினசரி உலகளாவிய பதிப்பு , கொரியன் முதலீட்டாளர்கள் , தி கொரியா பொருளாதார தினசரி , ஒப்பந்தங்கள் சந்தைகள் , கலாச்சாரம் போக்குகள் , மறைக்கப்பட்டுள்ளது சாம்பியன்கள் , எதிர்கால யூனிகார்ன்ஸ் ,

Korean casino game developer revives Nasdaq IPO plan


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, reflecting a 44% year-on-year surge in net profit on a 32.6% increase in revenue last year, according to investment banking sources on Apr. 2.
DoubleDown Interactive plans to sell new 400,000 shares worth 117.4 billion won ($104 million) in June this year, based on which it will issue American depository receipts for overseas investors. Details about the issuance size and pricing will be determined after bookbuilding. ....

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Kakao in talks to buy US fiction app in heated IP rivalry


Radish, a US-based mobile fiction platform, was co-founded by CEO Seung Yoon Lee in 2016
South Korea s 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 negotiation table with Radish on behalf of its parent group, according to investment banking sources on Apr. 4.
The Kakao unit had already secured a 12% stake in Radish after participating in the latter s 76 billion won funding in July 2020. In February this year, it further increased its ownership by acquiring an additional stake from other institutional investors. ....

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