KRW

Micro Information Technology “Goal of sales of KRW 30 billion this yr… IPO in 2026”

Smile Information Technology (CEO Dong-wook Ahn), a multi-modal data platform specialist, held a media day at Chosun Palace Seoul on the twenty first and announced its business plans, including the ‘Smile Fly Up 2025...

UAE invests KRW 21 trillion in renewable energy projects in Philippines

The United Arab Emirates (UAE) is investing $15 billion (about 21 trillion won) in expanding renewable energy within the Philippines. Reuters reported on the sixteenth (local time) that the Philippine government signed an agreement with...

Twelve Labs attracts KRW 43 billion in strategic investment… Technical cooperation with Databricks, Snowflake, Databricks, and SKT

Twelve Labs (CEO Jae-seong Lee), an organization specializing in image understanding artificial intelligence (AI), announced on the thirteenth that it had attracted a strategic investment value $30 million (roughly KRW 43 billion). This investment...

NVIDIA participates in KRW 1 trillion investment in Russian cloud company Nevius

Nevius, a European-based artificial intelligence (AI) cloud company, has begun targeting the U.S. market in earnest by attracting large-scale investments. TechCrunch reported on the 2nd (local time) that Nevius raised about $700 million (about 1...

“Musk invests KRW 14 trillion in constructing AI hardware this 12 months”

It is thought that CEO Elon Musk poured about $10 billion (about 14 trillion won) into constructing computing infrastructure for artificial intelligence (AI) training this 12 months. Twin Birch co-founder and Tesla investor Sawyer Merritt...

UK invests KRW 880 billion in decarbonising public transport

British public transport operator Go-Ahead announced on the seventh (local time) that it might invest 500 million kilos (roughly 880 billion won) in buses to decarbonize its fleet. The corporate will collaborate with Wrightbus to...

Generating AI investment boom continues this yr… 8 investment rounds value over KRW 670 billion

It was revealed that the investment boom within the generative artificial intelligence (AI) field has turn out to be stronger this yr, including the recently accomplished investment of $6.6 billion in Open AI. Particularly,...

Global semiconductor manufacturing equipment spending expected to be KRW 530 trillion over the following three years… Led by China, Korea, and Taiwan

Semiconductor manufacturers are expected to take a position a record $400 billion (about 530 trillion won) in purchasing semiconductor equipment over the following three years. Amongst them, China, Korea, and Taiwan are predicted to...

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