south korea

Summer International uses social media data to launch new beauty brands • ZebethMedia

If you follow #beautytok, #beautytube or any beauty content on social media platforms, you know that popular product trends are hard to keep up with. Summer International stays ahead of the game by identifying the most influential content creators, and working with them to incubate new brands. Founded in Singapore and based in Los Angeles […]

Korean VC Sopoong closes $8M fund for startups focused on environmental impact • ZebethMedia

Two years ago, South Korea unveiled a plan to reach carbon neutrality by 2050. Getting there will be another story. Although Korean manufacturers say they are trying to change their ways, the country’s GDP is linked to some uniquely pollutive industries, including petrochemical producers, automakers and shipbuilders. Though some businesses may never be truly sustainable, […]

Samsung names Jay Y Lee executive chairman amid global economic downturn • ZebethMedia

Samsung Electronics has appointed Jay Y. Lee as the executive chairman to lead the world’s largest smartphone and memory chipmaker, two months after the heir received a presidential pardon that erased the 54-year-old’s criminal record.  Lee, who has been vice chairman of Samsung since 2012, had been expected to take over the tech giant after […]

Korean internet giant Naver eyes North America, Europe as it grows its C2C marketplace business • ZebethMedia

Did you know that Google isn’t the top search engine in South Korea? It’s not even a close second. Most Koreans actually prefer Naver for various reasons, and they like it so much that the search engine holds about 56% of the market, per Statista. Google is catching up, but it currently only has about […]

Kakao co-CEO resigns after fire incident that caused mass outage • ZebethMedia

Whon Namkoong, the co-chief executive of Kakao, has resigned from his position after a fire incident at a data center last week caused a mass outage at the South Korea’s top instant messaging app KakaoTalk. Namkoong, who joined Kakao in 2015, was elevated to the co-CEO role this March. At a press conference Tuesday, he […]

Terra’s Do Kwon says South Korea’s charges against him not legitimate and politically motivated • ZebethMedia

Do Kwon says charges levelled against him by the South Korean prosecutors are not legitimate and politically motivated, sharing a rare update on what has become one of the most high profile events in the crypto industry this year in the aftermath of the $40 billion wipeout of his Terra blockchain. Kwon said he has […]

Shares of Korean internet giant Kakao slide after fire disrupts service • ZebethMedia

The stock price of South Korea’s internet giant Kakao tumbled on Monday after a fire at a data center that cut off power on Saturday, causing several service malfunctions. The blaze at the SK C&C data center, which houses the servers of Korea’s two largest internet companies — Kakao and Naver — disrupted Kakao’s messaging, […]

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