Industrial Bank of Korea

Upstage Raises $72 Million in Series B Funding to Expand Global Reach of its Groundbreaking AI Solutions

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星期二, 四月 16, 2024

Big, Industrial bank, OCR, Korea Development Bank, AI, Document, Document AI, API, History, Industrial Bank of Korea, KT, SK Group, Venture round, DUS, SoftBank Group, Solar, SAN, Samsung

SAN JOSE, Calif., April 16, 2024 /PRNewswire/ -- Upstage, a pioneering AI company specializing in large language models (LLMs) and Document AI, today announced that it has raised $72 million in a Series B. With this latest investment, Upstage has now raised over $100 million since its founding in October 2020, making it the most-funded South Korean AI software company in history.

Key Points:

The AI startup has raised over $100 million in cumulative investment through Series A and B funding rounds, making it the most-funded AI software company in South Korea.
SAN JOSE, Calif., April 16, 2024 /PRNewswire/ -- Upstage , a pioneering AI company specializing in large language models (LLMs) and Document AI, today announced that it has raised $72 million in a Series B.
With this latest investment, Upstage has now raised over $100 million since its founding in October 2020, making it the most-funded South Korean AI software company in history.
"We're thrilled to extend our strong success in South Korea to a global audience," said Sung Kim, co-founder and CEO of Upstage.

Flashlight Capital Endorses IBK’s Candidate on the Upcoming KT&G AGM

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星期二, 三月 5, 2024

Banking, Asset Management, Professional Services, Finance, KT, KRX, Ministry, Industrial Bank of Korea, Industrial bank, KT&G, AGM, IBK

Ltd (“Flashlight Capital”), a shareholder of KT&G Corporation (KRX: 033780) (“KT&G” or the “Company”), announced its endorsement of the director candidate proposed by Industrial Bank of Korea (“IBK”), the largest shareholder of KT&G.

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Ltd (“Flashlight Capital”), a shareholder of KT&G Corporation (KRX: 033780) (“KT&G” or the “Company”), announced its endorsement of the director candidate proposed by Industrial Bank of Korea (“IBK”), the largest shareholder of KT&G.
Flashlight Capital has withdrawn its director candidate from the 2024 AGM agenda.
“We share the same view that KT&G’s governance is in need of urgent repair,” said Sanghyun Lee, Managing Partner of Flashlight Capital.
“It doesn’t matter whose candidate gets elected, as long as a truly independent director secures a seat in the boardroom,” Lee commented.

SoftBank Ventures Asia is Newly Becoming SBVA

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星期一, 一月 29, 2024

Robotics, Professional Services, Small Business, Technology, Other Technology, Start-Up, Artificial Intelligence, SoftBank Group, Artificial intelligence, Industrial bank, CFO, Virtue, SBG, Content, Nexon, Industrial Bank of Korea

SoftBank Ventures Asia is officially changing its company name to SBVA from beginning of February 1st after The Edgeof acquired the company from SoftBank Group Corp.(SBG) in June of last year.

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SoftBank Ventures Asia is officially changing its company name to SBVA from beginning of February 1st after The Edgeof acquired the company from SoftBank Group Corp.(SBG) in June of last year.
SBVA is poised to actively seek out startups that will revolutionize various industries through innovative technology, building upon its ICT investment expertise.
The new SBVA has recently closed the “2023 Alpha Korea Fund,” with a total committed amount of approximately ₩200 billion ($150M).
As a LP, we are excited to join the first fund that the new SBVA has established.”
View source version on businesswire.com: https://www.businesswire.com/news/home/20240128402322/en/

APR Secures KRW 1 Trillion in Pre-IPO Investment

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星期四, 六月 22, 2023

(APR), a global beauty tech company, was valued at an enterprise value of about KRW 1 trillion by CJ ONSTYLE.

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(APR), a global beauty tech company, was valued at an enterprise value of about KRW 1 trillion by CJ ONSTYLE.
APR (CEO: Byunghoon “Victor” Kim) announced that it has attracted a pre-IPO investment of KRW 1 trillion from CJ ONSTYLE (CEO: Sanghyun Yoon).
The industry evaluates that APR has joined the ranks of “unicorn companies” by achieving recognition of its enterprise value of KRW 1 trillion through investment.
“With our growth potential acknowledged, we were able to have our enterprise value recognized as KRW 1 trillion following the pre-IPO of KRW 700 billion in March this year,” said an APR official.

Companies Take Action on Diversity and Inclusion in Bloomberg's 2023 Gender-Equality Index

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星期二, 一月 31, 2023

Workplace, Disclosure, Industrial Bank of Korea, Intersectionality, Gender identity, Parity, GEI, Gender, Industrial bank, Woman, Bias, Creativity, Toy, Renewable energy, Creative industries, Management, Bloomberg, Framework

NEW YORK, Jan. 31, 2023 /PRNewswire/ -- Today, Bloomberg announced that 484 companies are included in the 2023 Bloomberg Gender-Equality Index (GEI).

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NEW YORK, Jan. 31, 2023 /PRNewswire/ -- Today, Bloomberg announced that 484 companies are included in the 2023 Bloomberg Gender-Equality Index (GEI).
The GEI serves as a touchstone for companies seeking to track their progress in gender inclusion and how the implementation of diversity policies shape company performance.
Over 600 companies participated in the Gender Reporting Framework and disclosed their gender-related data, resulting in an 11% increase year-over-year.
"The Bloomberg Gender-Equality Index remains an important resource for companies to identify any gaps and provides actionable steps to further reshape the future of work."

Speech Analytics Market Worth $14.1 billion by 2029 - Market Sizes, Shares, Forecasts, and Trends Analysis Report with COVID-19 Impact by Meticulous Research®

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星期二, 一月 24, 2023

Speech analytics, also called interaction analytics, is a technology that leverages artificial intelligence to understand, process, and analyze human speech.

Key Points:

Speech analytics, also called interaction analytics, is a technology that leverages artificial intelligence to understand, process, and analyze human speech.
The increasing demand for speech analytics in the healthcare sector and the growing demand for cloud-based speech analytics solutions to bolster customer retention are expected to offer significant growth opportunities for the speech analytics market.
Besides, limited use cases of real-time speech analytics pose a serious challenge to the growth of the speech analytics market.
Such developments are expected to improve the demand for speech analytics solutions, fueling the growth of the speech analytics market.

Speech Analytics Market Worth $14.1 billion by 2029 - Market Sizes, Shares, Forecasts, and Trends Analysis Report with COVID-19 Impact by Meticulous Research®

Retrieved on:

星期二, 一月 24, 2023

Speech analytics, also called interaction analytics, is a technology that leverages artificial intelligence to understand, process, and analyze human speech.

Key Points:

Speech analytics, also called interaction analytics, is a technology that leverages artificial intelligence to understand, process, and analyze human speech.
The increasing demand for speech analytics in the healthcare sector and the growing demand for cloud-based speech analytics solutions to bolster customer retention are expected to offer significant growth opportunities for the speech analytics market.
Besides, limited use cases of real-time speech analytics pose a serious challenge to the growth of the speech analytics market.
Such developments are expected to improve the demand for speech analytics solutions, fueling the growth of the speech analytics market.

The Korea-Vietnam Economic Cooperation Forum 2022 to highlight elevated bilateral ties

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星期四, 十二月 15, 2022

Manhattan Center, Speech, Daewoo, Vietnam Chamber of Commerce and Industry, Democratic Party, Investment, Industrial bank, The Korea Herald, Partnership, Industrial Bank of Korea, Korea International Trade Association, Daewoo E&C, InterContinental Hanoi Landmark 72, Vietnam Institute of Archaeology, Political lists, Commerce, Seaweed, Film

SEOUL, South Korea, Dec. 14, 2022 /PRNewswire/ -- The Korea-Vietnam Economic Cooperation Forum 2022 is hosting a series of special speeches and panel discussions on Dec. 16 from 1 p.m. to 6 p.m. at Grand Ballroom, InterContinental Hanoi Landmark72 in Hanoi, Vietnam. The event is co-hosted by Herald Corp., publisher of The Korea Herald and Herald Business, the Korea International Trade Association, the Vietnam Chamber of Commerce and Industry, and the Vietnam-Korea Friendship Association.

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aimed at discussing shared prosperity of Korea and Vietnam of the coming century that could be building on top of the 30 years of economic ties.
The Korea-Vietnam Economic Cooperation Forum 2022 expects to host more than 500 participants from political and business circles in Korea and Vietnam, including Rep. Kim Tae-nyeon of the Democratic Party, who heads Korea-Vietnam Parliamentary Friendship Group; North Chungcheong Province Gov.
The forum comes against the backdrop of a strong partnership that Korea and Vietnam has built over the course of three decades since they established the economic ties in December 1992.
A keynote speech under the theme, "Taking Korea-Vietnam economic ties to the next level" will be delivered by Jeong Man-ki, vice chairman of the Korea International Trade Association.