Tag: South Korea

  • Nexon founder hints at plan to sell his $9B majority share in gaming giant

    The founder of Korea’s Nexon, one of the biggest gaming companies on the planet, today appeared to acknowledge his intention to sell his controlling interest for around $9 billion. The divestment has been a hot rumor after a via Reutersfresh from overturning a bribery charge last year

  • South Korea aims for startup gold

    Joanna Glasner Contributor Big, later-stage rounds pushed up the totals. In the past four years, more than two dozen companies have closed financings of $10 million or more, including a few unicorns for substantially larger sums. One of those, Coupang, has raised $1.4 billion from venture and private equity investors to date. Totals have trended lower in the past couple […]

  • Elon Musk’s Battery Boast Will Be Short-Lived

    Billionaire beat Friday’s 100-day deadline and install the world’s biggest battery in the Australian outback. He’ll probably relinquish that crown by February. South Korea’s Hyundai Electric & Energy Systems Co. is building a 150-megawatt lithium-ion unit, 50 percent larger than Musk’s, that the company says will go live in about three months in Ulsan near […]