South Korea
The ruling confirmed an earlier decision in April from the High Court of Podgorica which rejected a request to extradite the crypto fugitive to the United States.
Qoo10’s CEO pledges personal assets worth $58M to compensate Korean merchants affected by its liquidity crisis
During an emergency hearing held by the South Korean government, Young-bae Ku, Qoo10’s founder said he would secure the amount over the next 30 days.
Singaporean e-commerce firm Qoo10’s Korean units face probe due to payment delays to merchants
The e-commerce market in South Korea ranks as one of the largest in the world, but it’s also proving to be a precarious one. On Thursday, South Korea’s Fair Trade…
The warrant is part of an investigation into alleged stock market manipulation related to a high-profile bidding war for music label, SM Entertainment.
Visual effects (VFX) have emerged as essential in filmmaking and have transformed storytelling and creativity in the film industry with its diverse digital techniques. However, the high cost of VFX…
Self-driving vehicles rely on many sensors to detect objects and the world around them. The conventional approach is to work with cameras and lidars. But some tech companies and startups…
With the advent of generative AI, AI applications are transforming and reshaping various industries and changing how people work. Software development is no exception. San Francisco- and Tokyo-based startup Autify…
Fabless AI chip makers Rebellions and Sapeon to merge as competition heats up in global AI hardware industry
South Korea’s fabless AI chip industry saw a slew of fundraising events over the last couple of years as demand for hardware to power AI applications skyrocketed, and it seems…
When generative AI tools started making waves in late 2022 after the launch of ChatGPT, the finance industry was one of the first to recognize these tools’ potential for speeding…
We caught up with Antler founder and CEO Magnus Grimeland about the startup scene in Asia, the current tech startup trends in the region and investment approaches during the rise…
Archer Aviation is partnering with ride-hailing and parking company Kakao Mobility to bring electric air taxi flights to South Korea starting in 2026, if the company can get its aircraft…
Government officials and AI industry executives agreed on Tuesday to apply elementary safety measures in the fast-moving field and establish an international safety research network. Nearly six months after the…
The Series C funding, which brings its total raise to around $95 million, will go toward mass production of the startup’s inaugural products
Samsung Electronics said on Tuesday that its operating profit surged more than 930% in the first quarter of 2024, driven by soaring demand for its servers, memory chips and storage used…
StealthMole, an AI-powered dark web intelligence startup that specializes in monitoring cyber threats and detecting cybercrime, announced Thursday that it has raised a $7 million Series A funding round. The…
LG Electronics may no longer be a household name in smartphones, but it still sees a big future in gadgets like robots. Today, the company confirmed a $60 million investment…
A South Korean startup called QuotaLab is on a quest to follow in the footsteps of Carta, the cap table management company that’s used by a host of startups and…
Featured Article
Don’t ignore Asia tech
A lot can change in 12 years. When I joined TechCrunch in 2012, I was the only writer it had based out of Asia. For several years, it often felt like I was writing to correct misperceptions I saw in my articles’ comments or on Twitter. Even though Baidu, Alibaba…
Meta CEO Mark Zuckerberg, who is touring Asian countries this week, said in a meeting with South Korean President Yoon Suk Yeol on Thursday that Meta wants to beef up…
Techtaka, a South Korean online shopping fulfillment startup that provides third-party logistics services for e-commerce sellers, has raised $9.5 million (12.6 billion KRW) in a Series B round of funding…
Samsung Electronics executive chairman Jay Y. Lee has been declared not guilty on the charge of stock price manipulation and accounting fraud related to the merger of Samsung affiliates in…
Rebellions, a South Korean fabless AI chip startup, said today it has closed $124 million (165 billion KRW) in a Series B round of funding to develop its third AI…
Aniai, a startup that has built a burger-grilling robot, Alpha Grill, said today it has raised $12 million, bringing its total raise to $15 million. The money will go toward…
Singapore-based Terraform Labs (TFL), the company behind digital assets TerraUSD (UST) and Luna, filed for Chapter 11 bankruptcy in Delaware following the collapse of its cryptocurrencies in 2022. Terraform Labs, which…
Myrealtrip is the latest travel tech company to ride a growing post-pandemic tourism industry. The Seoul-based startup said today it has raised $56.7 million (75.6 billion KRW) in a Series…
LG Electronics has opened its first electric vehicle (EV) charger facility outside of South Korea — in Fort Worth, Texas — to capture a share of North America’s competitive EV…
While micromobility companies around the globe have been in limbo and hitting snags like bankruptcy, shutdown and layoffs, a Seoul-based shared e-scooters and e-bikes operator called Gbike is gearing up to go public on the…
ImpriMed, a California-based precision medicine startup, builds AI-powered dog cancer treatment technology that helps veterinarians identify the most suitable drugs for individual canine and feline blood cancers. The startup, which…
Line Next, a web3 unit of the Japanese messaging app Line, raised $140 million in its funding led by Crescendo Equity Partners, a Peter Thiel-backed private equity firm in South…
South Korean internet giant Kakao — in the middle of multiple investigations over antitrust and securities violations — has appointed a new CEO as it tries to turn the ship…
