Post Tagged with: "South Korea"

Netmarble Games to Invest $130 Million in SGN, the Fastest Growing Major U.S. Mobile Games Studio
/ July 23, 2015 4:29 pm
Netmarble Games to Invest $130 Million in SGN, the Fastest Growing Major U.S. Mobile Games Studio

Netmarble, the number one mobile games publisher in South Korea, announced today an investment of $130 million to SGN, the fastest growing major U.S. mobile games studio. With this investment, Netmarble will become the largest shareholder in SGN. In this strategic partnership, SGN looks to grow their share in Asia, the biggest mobile games market in the world, while Netmarble will use SGN’s expertise to expand their presence in the West. Both companies will maintain their independence, but will work closely to share their creative and technological knowledge. . Read More

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Samsung Begins Trialling Its Payments Service In Korea
/ July 16, 2015 1:50 pm
Samsung Begins Trialling Its Payments Service In Korea

TechCrunch reports: "Samsung has begun rolling out its answer to Apple Pay in Korea this week. The service is called Samsung Pay and it is powered by LoopPay, the Boston-based company that Samsung snapped up earlier this year.". Read More

Korean E-commerce Giant Coupang Raises $100 Million at $1B+ Valuation
/ May 29, 2014 4:31 pm
Korean E-commerce Giant Coupang Raises $100 Million at $1B+ Valuation

VentureBeat reports that Korean e-commerce firm Coupang has raised $100 million in its recent round of funding led by Sequoia with participation from previous investors include Greenoaks Capital Management, Rose Park’s Disruptive Innovation Fund, and LaunchTime. Read More

Kakao Merges with Web-Portal Daum in $3 Billion Deal
/ May 27, 2014 4:51 pm
Kakao Merges with Web-Portal Daum in $3 Billion Deal

VentureBeat reports that Kakao, the South Korean mobile gaming and text-messaging powerhouse, will be going public through a merger with the publicly traded Korean web portal-company Daum Communications. Read More

Line Targeting One Billion Users Of Messaging App By 2015
/ April 14, 2014 4:28 pm
Line Targeting One Billion Users Of Messaging App By 2015

Bloomberg reports that Line Corp., the operator of the most-popular mobile messaging app in Japan, plans to double its users to more than 1 billion globally by next year, according to its CEO Akira Morikawa who made the comment at a conference in Tokyo last week. . Read More

Diablo III: Reaper of Souls Marks Sales of 2.7 Million Copies
/ April 4, 2014 4:43 pm
Diablo III: Reaper of Souls Marks Sales of 2.7 Million Copies

GamesIndustryBiz reports that Diablo III: Reaper of Souls has sold more than 2.7 million copies via retail as well as digital channels. The sales numbers for Reaper of Souls is short of the pace set by the original Diablo III, which had 6.3 million players after its first week and 3.5 million sales on the first day itself. Read More

Samsung Electronics Mobile Head Receives Paycheck of $5.8 Million Beating Apple’s Cook
/ March 31, 2014 4:23 pm
Samsung Electronics Mobile Head Receives Paycheck of $5.8 Million Beating Apple’s Cook

Reuters reports that J.K. Shin, Head of Samsung Electronics Co’s mobile business, received a $5.8 million compensation package last year, beating the paycheck of his counterpart at Apple Inc. . Read More

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