Hong Kong billionaire Forrest Li becomes Singapore's richestperson
... s second richest man, paint tycoon Goh Cheng Liang , has a net worth of $17.7 billion. It is another example of how tech billionaires are climbing up the wealth rankings in countries across Asia . Earlier this year, the founder of messaging giant Kakao Corp. became South Korea 's richest person. Sea, Southeast Asia 's most valuable company, has been turning to Fintech for further growth beyond gaming and e-commerce, while also expanding beyond the region. It won a digital banking license in ...
Updated: 08/31/2021
South Korean startup Karrot raises $62 M for global expansion
... within a radius of usually about 6 kilometers. The platform has expanded also to offer part-time jobs, real estate listings, pet care and laundry services. The company plans to launch a digital payment service in the latter half of this year. The former Kakao Corp. worker believes Karrot will need at least five years of investment in the foreign market to turn that into a meaningful business. Naver Corp. 's parent company Line Corp. needed 10 years of data accumulating experience and experience in ...
Updated: 08/17/2021
X-Factor Inc. founder Chang Byung-gyu explains why South Korea is going global
... initial public offering, pulling off the largest debut of the country in over a decade. Despite dropping nearly a fifth since its listing, the $17.4 billion company is one of a growing number of entrepreneurs, including the likes of Coupang Inc. and Kakao Corp. that are taking on sprawling family-owned conglomerates that have long dominated Korea 's economy known as chaebols. In an exclusive interview, 48-year-old Chang told South Korean startups that are more aggressive than the ones he backs,...
Updated: 08/12/2021
South Korea's first Internet-only lender KakaoBank goes public
... projects through its platform business models are difficult to execute while its profit from those new businesses are meager, said Kim. He added that most of it's profit comes from interest rates and loans, just like other traditional banks, he said. Kakao Games Corp. raised 384 billion won in September and its share soared around 250% since the IPO. Kakao Pay Corp., the country's largest online payment service, was scheduled to debut on Aug 12 but the listing was delayed after regulators asked it ...
Updated: 08/06/2021
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