Post Tagged with: "South Korea"

Korean E-commerce Giant Coupang Raises $100 Million at $1B+ Valuation
/ May 29, 2014 4:31 pm
Korean E-commerce Giant Coupang Raises $100 Million at $1B+ Valuation

VentureBeat reports that Korean e-commerce firm Coupang has raised $100 million in its recent round of funding led by Sequoia with participation from previous investors include Greenoaks Capital Management, Rose Park’s Disruptive Innovation Fund, and LaunchTime. Read More

Kakao Merges with Web-Portal Daum in $3 Billion Deal
/ May 27, 2014 4:51 pm
Kakao Merges with Web-Portal Daum in $3 Billion Deal

VentureBeat reports that Kakao, the South Korean mobile gaming and text-messaging powerhouse, will be going public through a merger with the publicly traded Korean web portal-company Daum Communications. Read More

Line Targeting One Billion Users Of Messaging App By 2015
/ April 14, 2014 4:28 pm
Line Targeting One Billion Users Of Messaging App By 2015

Bloomberg reports that Line Corp., the operator of the most-popular mobile messaging app in Japan, plans to double its users to more than 1 billion globally by next year, according to its CEO Akira Morikawa who made the comment at a conference in Tokyo last week. . Read More

Diablo III: Reaper of Souls Marks Sales of 2.7 Million Copies
/ April 4, 2014 4:43 pm
Diablo III: Reaper of Souls Marks Sales of 2.7 Million Copies

GamesIndustryBiz reports that Diablo III: Reaper of Souls has sold more than 2.7 million copies via retail as well as digital channels. The sales numbers for Reaper of Souls is short of the pace set by the original Diablo III, which had 6.3 million players after its first week and 3.5 million sales on the first day itself. Read More

Samsung Electronics Mobile Head Receives Paycheck of $5.8 Million Beating Apple’s Cook
/ March 31, 2014 4:23 pm
Samsung Electronics Mobile Head Receives Paycheck of $5.8 Million Beating Apple’s Cook

Reuters reports that J.K. Shin, Head of Samsung Electronics Co’s mobile business, received a $5.8 million compensation package last year, beating the paycheck of his counterpart at Apple Inc. . Read More

Korbit Raises $400K from Silicon Valley Investors
/ January 21, 2014 5:16 pm
Korbit Raises $400K from Silicon Valley Investors

VentureBeat reports that Korean Bitcoin startup, Korbit has raised $400,000. The funding round was led by prominent Bitcoin supporters, which include Tim Draper (DFJ), Naval Ravikant (AngelList), David Lee (SV Angel), and Barry Silbert (Bitcoin Opportunity Fund). Korbit was formed in July 2013 as Korea’s first Bitcoin startup. Read More

SuperData Reveals Top Online Games of 2013
/ January 21, 2014 5:13 pm
SuperData Reveals Top Online Games of 2013

GamesIndustryBiz reports that SuperData has published a list of the top online games by revenue in 2013. CrossFire, an online shooter game developed by SmileGate, took the first position with $957 million. . Read More

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