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AI & Enterprise

Upstage acquires AI agent platform Timely

Upstage said on June 9 it has acquired Timely, a generative AI multi-platform company that operates the TimelyAI platform for building AI agents without coding. The signing ceremony was held at Upstage’s Gangnam office with executives and key employees from both companies attending. TimelyAI integrates functions such as prompts, image and video generation and document conversion across large language models. Upstage plans to expand its AI agent business using TimelyAI equipped with its Solar model.

Games & Commerce

Kakao union says Hong Min-taek CPO exit shows collapse of accountable management

Kakao’s union said on Monday it issued a statement criticising the sudden resignation of Chief Product Officer Hong Min-taek as a collapse of accountable management by the company’s leadership. The union said excessive working hours, a worsening organisational culture and disputes over performance-based rewards arose during his tenure amid aggressive projects including the “KakaoTalk Big Bang Project”. It said management offered no responsible explanation and called the resignation a “quiet exit” that avoided accountability.

People

Weverse Company appoints Yang Ju-il as new chief executive

Weverse Company has appointed Yang Ju-il as its new chief executive and plans to upgrade its global fandom platform services. The company said Yang will officially take office on June 1, calling the move part of a growth strategy to enhance fandom services and strengthen business execution. Yang has held senior roles across web and mobile platforms, including at NHN and Kakao. Weverse has more than 150 million cumulative app downloads.