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AI & Enterprise

The Hyoosik raises 65 billion won pre-IPO funding to expand into 3-4-star hotels

IT-based integrated lodging solutions company The Hyoosik said on Monday it raised 65 billion won in pre-IPO funding from TS Investment and VIP Asset Management, lifting its cumulative funding to 107.8 billion won. Founded in 2019, it provides end-to-end services spanning feasibility analysis, hotel project management, design and construction, outsourced operations, IT systems and unmanned monitoring. The firm plans to invest up to 100 billion won by 2027 and target an IPO in 2028.

AI & Enterprise

HonestAI signs MOU with Mongolia\'s Nubisoft to supply LendingIntelligence AI solution

HonestAI, a financial AI transformation company, said on Tuesday it has signed a memorandum of understanding with Mongolian financial IT company Nubisoft to supply AI-based credit solutions in Mongolia. HonestAI said it will provide core technology for its loan-focused AI solution, LendingIntelligence. Nubisoft will conduct proof-of-concept work for adoption by local financial institutions and the two companies will pursue joint market entry.

AI & Enterprise

Three South Korean AI startups target global AI market using Oracle Cloud

Korea Oracle said VMIC, PromptTown and KAB Labs joined Oracle’s startup cooperation program Miracle and enhanced industry-specific work processes using Oracle Cloud Infrastructure. It said Miracle is jointly run by Oracle, the Ministry of SMEs and Startups, KISED and Seoul National University of Science and Technology. The companies reported lower infrastructure costs, faster processing speeds and plans to support customers across global hubs.