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Samsung Next Invests in Generative AI Monitoring Startup Traceloop

Samsung Next Invests in Generative AI Monitoring Startup Traceloop

Photo=Traceloop Samsung Next, the investment arm of Samsung Electronics, has invested in Traceloop, a startup specializing in generative AI monitoring technology. Traceloop announced on the 28th that it had completed a $6.1 million seed funding round. The round was co-led by Sorenson Capital and Ibex Investors, with participation from Samsung Next and Y Combinator. Based in Israel, Traceloop develops monitoring

May 28 2025
11:00 AM PDT
South Korean Food Companies Suspend Deliveries to Homeplus Amid Bankruptcy Proceedings

South Korean Food Companies Suspend Deliveries to Homeplus Amid Bankruptcy Proceedings

(Photo=HomePlus) Several South Korean food companies have suspended product deliveries to Homeplus, a major local retail chain currently undergoing court-led corporate restructuring. Binggrae, a leading Korean dairy and snack manufacturer, halted deliveries to Homeplus on May 24, citing unresolved negotiations over contract terms. This marks Binggrae's first such suspension, even though the company had continued supplies when Homeplus initially filed

May 28 2025
10:00 AM PDT
South Korea Freezes Raw Milk Prices for Second Year

South Korea Freezes Raw Milk Prices for Second Year

(Photo=Pixabay) South Korea will freeze raw milk prices again this year, marking the second year in a row without a price change. On May 27, the Korea Dairy Committee-a group comprising dairy farmers and milk processors-announced there would be no negotiations in 2025. The decision was based on the fact that production costs rose only 1.5% last year, below the

May 28 2025
09:00 AM PDT
Battle for Second Place in Korean OTT Market…TVING 16% vs. Coupang Play 13%, Who Will Win?

Battle for Second Place in Korean OTT Market…TVING 16% vs. Coupang Play 13%, Who Will Win?

(Photo=TVING, Coupang Play, Motionelements) The competition among domestic companies to secure the No. 2 spot in Korea’s online video service (OTT) market is heating up. While global giant Netflix leads the pack, the combined influence of local platforms like TVING, Coupang Play, and Wavve is not far behind. Some predict that if the merger between TVING and Wavve goes through,

May 28 2025
07:00 AM PDT
Korean Convenience Chain CU to Launch First U.S. Store in Hawaii This October

Korean Convenience Chain CU to Launch First U.S. Store in Hawaii This October

(Photo=CU) CU, one of South Korea’s largest convenience store brands, is making its U.S. debut with its first store set to open in Hawaii this October, marking the first-ever entry of a Korean convenience store chain into the American market. On May 27, CU’s operator BGF Retail announced the establishment of a local subsidiary in Hawaii and the signing of

May 27 2025
10:00 AM PDT