South Korea is becoming a hotbed of big technology startups.
New businesses are emerging in areas such as biotechnology, ride-hailing, and online payments, and South Korea now has 10 unicorns, or young private companies worth more than $1 billion, according to CB Insights. That makes it the third-largest hub for such companies in the Asia-Pacific region, after the far more populous China and India.
In March, local e-commerce giant Coupang Inc . went public in New York. It had a market value of about $69 billion as of Tuesday, according to FactSet. Videogame developer Krafton Inc. is gearing up for an initial public offering in August that it says could be one of Seoul’s largest ever, with a maximum size of 4.3 trillion won, the equivalent of about $3.8 billion.
Read more: https://www.wsj.com/articles/big-tech-startups-spring-up-in-south-korea-11625645201
You may also like
RS2 reveals new brand identity for Merchant Business in Germany
Landmark chooses e-commerce microservices solution for Emax business
Online Sellers Demanding Real-Time, Unified View of Sales
Shopify’s Sale of Logistics Ops Signals Return to eCommerce as Main Quest
Report: Alibaba Considers Taking eCommerce Business Public