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Games & Commerce

Kakao former CEO Im Ji-hoon sues Kakao Ventures and founder Kim Bum-soo over performance fee dispute

Former Kakao CEO Im Ji-hoon said on Sept. 16 he has filed a lawsuit against Kakao Ventures and Kakao founder Kim Bum-soo over a performance fee contract for the Kakao Youth Startup Fund. Im said his share was set at 60 percent but was later reduced to 22 percent after Kim requested an adjustment when Im became Kakao CEO. He said Kakao Ventures later confirmed it would pay him his calculated performance fee.

AI & Enterprise

Four science and technology institutes\' student startup teams gather for Gravity 2026 finals

South Korea\'s Ministry of Science and ICT is holding a joint startup competition to support deep-tech ventures by students at four science and technology institutes. The Gravity 2026 finals will take place on Sept. 3 at the Korea Advanced Institute of Science and Technology. A total of 310 teams applied. Support has been expanded to 140 teams using a 39.8 billion won supplementary budget. Twenty teams advanced to the finals, with prizes of up to 200 million won.

AI & Enterprise

Intellicia raises 3.4 billion won in pre-Series A funding for synthetic consumer AI research platform

Intellicia, a startup developing AI synthetic consumer technology, said on Tuesday it raised 3.4 billion won in a pre-Series A round led by Kakao Ventures, with Murex Partners and Capstone Partners participating. The company provides TheSurvey.ai, an AI research platform that generates virtual consumers trained on real consumer data to answer surveys and interviews. It plans to invest the funds in a global SaaS platform due in the fourth quarter and expand to the United States and Japan next year.