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FuriosaAI Becomes South Korea’s First Unicorn Under Lee Administration After Rejecting Meta’s Buyout Offer

FuriosaAI Becomes South Korea’s First Unicorn Under Lee Administration After Rejecting Meta’s Buyout Offer

(Photo=Furiosa) South Korean AI chip startup FuriosaAI has reached unicorn status with a valuation of $728 million, becoming the first unicorn company under President Lee Jae-myung's administration. The milestone comes just months after the company reportedly turned down an $874 million acquisition offer from U.S. tech giant Meta. Several media outlets reported on July 24 that FuriosaAI recently closed a

Jul 25 2025
10:00 AM PDT
Cass Ranked 23rd Among World’s Most Valuable Beer Brands—Only Korean Brand in Top 50

Cass Ranked 23rd Among World’s Most Valuable Beer Brands—Only Korean Brand in Top 50

(Photo=Cass) Cass, the flagship beer brand of South Korea’s Oriental Brewery (OB), has been ranked 23rd in the 2025 list of the world’s top 50 most valuable beer brands, released by the global brand valuation agency Brand Finance. It is the only Korean brand to make the list, underscoring Cass’s rising international stature. Brand Finance, a UK-based brand valuation consultancy,

Jul 25 2025
09:00 AM PDT
New South Korean Tax Chief Declares War on $80 Billion in Unpaid Taxes

New South Korean Tax Chief Declares War on $80 Billion in Unpaid Taxes

Photo=NTS South Korea's newly appointed Commissioner of the National Tax Service (NTS), Lim Kwang-hyun, has declared an aggressive campaign to collect an outstanding $80 billion in unpaid national taxes. This initiative aims to thoroughly investigate all delinquent taxpayers and reinforces the government's commitment to securing financial resources to fulfill President Lee Jae-myung's campaign pledges. During his inauguration ceremony at the

Jul 24 2025
12:00 PM PDT
SK Hynix Shatters Records with Q2 Operating Profit of $6.6 Billion, Driven by Soaring AI Memory Demand

SK Hynix Shatters Records with Q2 Operating Profit of $6.6 Billion, Driven by Soaring AI Memory Demand

Photo=SK Hynix SK Hynix, a global leader in memory semiconductors, announced a monumental second quarter, reporting an operating profit that soared past $6.6 billion, marking the highest quarterly performance in the company's history. This record-breaking achievement was largely fueled by robust demand for AI-specific memory and the accelerated sales of its cutting-edge HBM3E 12-layer (5th-generation High Bandwidth Memory). On July

Jul 24 2025
11:00 AM PDT
U.S. Hydrogen Vehicle Market Contracts Sharply—Hyundai NEXO Sales Drop 26.7%, Toyota Mirai Down 85.8%

U.S. Hydrogen Vehicle Market Contracts Sharply—Hyundai NEXO Sales Drop 26.7%, Toyota Mirai Down 85.8%

(Photo=Hyundai) South Korea–based automaker Hyundai is facing a downturn in its U.S. hydrogen vehicle sales. Hyundai’s hydrogen-powered SUV, the NEXO, saw a significant sales decline in the U.S. during the first half of 2025, reflecting a broader slowdown in the hydrogen fuel cell electric vehicle (FCEV) market. Toyota’s Mirai, the NEXO’s main competitor, experienced an even steeper drop. According to

Jul 24 2025
10:00 AM PDT