Korea Joongang Daily
Korea JoongAng Daily

SoftBank, Korean conglomerates to join $130 million investment fund for AI startups

Korean conglomerates such as SK Networks, LG Electronics, Hanwha Financial and Japan’s SoftBank will join a $130 million fund to invest in AI startups by the end of the month, according to Nikkei Asia and local industry sources.

2024-08-16

No agreement yet with Naver on Line Yahoo stake reduction, SoftBank CEO says

SoftBank CEO Junichi Miyakawa said on Thursday that the company has not yet reached a consensus with Naver regarding the reduction of the Korean company’s equity in Line Yahoo (LY), the Tokyo-based operator behind Japan’s top messaging app Line.

2024-06-20

Yanolja establishes U.S. subsidiary as part of public listing push

Online hotel booking company Yanolja set up a subsidiary in the United States as part of its push to go public.

2024-06-03

네이버, 태국 · 대만 사업 잃을 위기

Naver, a leading internet company in Korea, may no longer be able to run its overseas business through the globally popular messaging app Line due to Tokyo’s pressure on Naver to divest its stake in Line Yahoo (LY), the operator of Line.

2024-05-29

소프트뱅크, “네이버와 라인야후 지분 축소 논의 중”

The CEO of SoftBank said on Thursday that discussions with Naver are underway on trimming the Korean company’s equity in Line Yahoo (LY), the Tokyo-based operator behind Japan’s top messaging app Line, with a deadline set for July 1.

2024-05-15

Talks with Naver about Line Yahoo scale-down underway: SoftBank CEO

The CEO of Japan's SoftBank said that talks with Naver are underway to agree on a slash of the Korean firm's equity in Line Yahoo.

2024-05-09

OpenAI CEO Sam Altman will visit Korea to meet with Samsung, SK

OpenAI CEO Sam Altman is visiting Korea, where he plans to meet with executives from Samsung Electronics and SK Group Chairman Chey Tae-won to discuss potential chip partnerships.

2024-01-22

SK hynix opposes Kioxia and Western Digital merger in major blow to deal

SK hynix said it opposes to the merger of Kioxia and Western Digital’s memory chip operations, a stance that is expected to be a significant blow to the deal.

2023-10-26

[EXCLUSIVE] Samsung wary over pre-IPO investment in Arm

Samsung Electronics is reviewing the equity purchase of British chip designer Arm, taking “a conservative approach,” according to Samsung’s executive, due to its perceived overvaluation and regulatory risks.

2023-08-17

SoftBank's Son does not offer Arm to Samsung Electronics: Sources

SoftBank Group CEO Masayoshi Son did not bring up the subject of selling all or some of Arm to Samsung Electronics during a meeting with the Korean company Tuesday

2022-10-05