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AI & Enterprise

SparkLabs launches Spark Claw program to back solo AI-native founders

Startup accelerator SparkLabs said on April 28 it will launch Spark Claw, an accelerating programme for solo AI founders and small teams. The programme aims to find and nurture “AI-native” entrepreneurs who use AI as a practical team member, not just a tool. The company said the move marks its first expansion of its investment philosophy into solo-founder investing. Selected founders can receive up to 100 million won in initial investment after a bootcamp and final review.

Finance

Mirae Asset Securities pension assets top 70 trillion won, up 61 percent in a year

Mirae Asset Securities said its pension assets exceeded 70 trillion won as of April 20, reaching 70.1 trillion won. That was up 26.6 trillion won, or about 61 percent, from 43.5 trillion won a year earlier. Retirement pension balances rose to 45.8 trillion won from 30.1 trillion won, while personal pension balances increased to 24.3 trillion won from 13.4 trillion won. The company cited client performance and global asset allocation.

Telecommunications & Media

Netflix wins South Korea corporate tax suit, 68.7 billion won of 76.2 billion won cancelled

Netflix's South Korean unit effectively won a corporate tax lawsuit against tax authorities after a court ruled payments to its Dutch unit were compensation for services rather than copyright royalties. The Seoul Administrative Court ordered the cancellation of 68.7 billion won of the 76.2 billion won assessed. The case stemmed from a 2021 tax audit. Netflix had sought full cancellation of the remaining assessed tax in a suit filed in November 2023.