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IBK Venture Investment, an investment arm of the state-owned Industrial Bank of Korea, pledged to inject 500 billion won ($370 million) into local startups over the next three years at an event in Seoul on Thursday. The investment unit, the ninth subsidiary under the IBK Financial Group, was founded in December with an initial capital of 100 billion won to fund early-stage startups. It was licensed as a new technolog. ....
The endeavor of newly established political parties to forge an alliance may face challenges in garnering significant momentum in the run-up to the legislative elections in April, as the former leader of the ruling party Lee Jun-seok declared that the opportune moment for the so-called "big tent" strategy has elapsed. Lee on Saturday openly distanced himself from the increasing calls for a union, while supp. ....