Articles
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1 week ago |
forbes.com | John Kang
Fresh off a merger that created South Korea’s first AI chip unicorn, Rebellions’ head Sunghyun Park is readying the next generation of its power-saving chips—pitting the young company against the industry’s giants. This story is part of Forbes’ coverage of Korea’s Richest 2025. See the full list here. A year ago, Sunghyun Park, cofounder and CEO of Seongnam-based AI chip design firm Rebellions, got a call he was least expecting.
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1 week ago |
forbes.com | John Kang
This story is part of Forbes’ coverage of Korea’s Richest 2025. See the full list here. The growing K-beauty craze catapulted Jung Sung-jae, founder of beauty device maker Classys, into the ranks of Korea’s 50 Richest list for the first time with an estimated fortune of $760 million. The company’s shares shot up more than 50% in the past year on the back of increasing popularity of Korean cosmetics and beauty devices.
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1 week ago |
forbes.com | John Kang
This story is part of Forbes’ coverage of Korea’s Richest 2025. See the full list here. The $320 million IPO last July of online games developer Shift Up, Korea’s second-largest listing of 2024, made its founder and chairman Kim Hyung-tae a billionaire. Though Tencent-backed Shift Up’s shares have fallen more than a third since and Kim’s net worth has shrunk to $725 million, that still earns him a debut spot in the ranks of the country’s wealthiest.
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3 weeks ago |
forbes.com | John Kang
Movin, a startup that develops AI-based real-time motion capture devices, has raised 4 billion won (about $2.7 million) in a pre-Series A funding round to fuel its expansion into providing 3D motion data to help companies develop humanoid robots. The round was led by Atinum, with participation from South Korean internet giant Naver’s corporate venture arm, Naver D2SF; DSC Investment and its startup accelerator, Schmidt; and Krew Capital. Movin declined to disclose its valuation.
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1 month ago |
forbes.com | John Kang
Senior editor covering entrepreneurs and investors in AsiaFollow AuthorMar 02, 2025, 05:00am EST
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