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  • South Korea's Wrtn Raises 2.2M Series C at 22M Valuation

    South Korean AI platform operator Wrtn Technologies has secured approximately 100 billion won ($72.2 million) in a Series C funding round, pushing the startup's valuation above 1 trillion won ($722 million). The new capital brings Wrtn's cumulative funding to roughly 230 billion won ($166 million) as the company expands its consumer and enterprise generative AI offerings across Asian markets. Expanding Beyond Domestic Aggregation Founded in Seoul in 2021, Wrtn built its initial user base as

    1 min

  • Kakao Splits Into KakaoAI and KakaoX to Accelerate AI and Messenger Integration

    South Korean platform giant Kakao Corp. announced a corporate split that will separate its core operations into two independent publicly traded entities: KakaoAI and KakaoX. The restructuring, approved by Kakao's board of directors, aims to isolate and accelerate the company's artificial intelligence engineering and messaging ecosystem from its broader investment portfolio. Under the spin-off terms, existing shareholders will receive shares based on a net asset book value split ratio of 36% for

    1 min