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Kakao co-CEO resigns, company to invest over 0M to build data center after mass outage

Latest / Startup / Technology

Kakao co-CEO resigns, company to invest over $300M to build data center after mass outage

October 19, 2022October 19, 2022 - by Amit Yadav - Leave a Comment

Whon Namkoong, the co-chief executive of Kakao, has resigned in a remarkable demonstration of corporate accountability after a fire incident at an SK C&C data center in the south of …

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Shares of Korean internet giant Kakao slide after fire disrupts service

Latest / Startup / Technology

Shares of Korean internet giant Kakao slide after fire disrupts service

October 17, 2022October 17, 2022 - by Amit Yadav - Leave a Comment

The stock price of South Korea’s internet giant Kakao tumbled on Monday after a fire at a data center that cut off power on Saturday, causing several service malfunctions. The …

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Fiserv, LG back Korea Credit Data as the SME-focused fintech startup raises another .7M

Latest / Startup / Technology

Fiserv, LG back Korea Credit Data as the SME-focused fintech startup raises another $24.7M

October 6, 2022October 6, 2022 - by Amit Yadav - Leave a Comment

In South Korea, there are about 7.3 million small and medium-sized enterprises (SMEs) — defined as firms with less than 250 employees. Their workforces combined make up 83.1% of all …

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