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Search results for Korea Venture Investment

Telecommunications & Media

Samsung, LG smart TVs seen as global distribution route for K-content as FAST emerges as alternative

A proposal has emerged to use Samsung and LG smart TVs already deployed worldwide as infrastructure to distribute Korean content globally. As plans to combine domestic streaming services into a single platform stall, free ad-supported streaming TV, or FAST, is gaining prominence. Speakers at a policy forum cited rapid growth forecasts for the global and domestic FAST markets and highlighted Korean TV makers\' large installed base. They also called for policy support, content localization funding and a unified control tower across ministries.

AI & Enterprise

NIPA, Korea Venture Investment sign MOU to boost AI industry ecosystem

The National IT Industry Promotion Agency said on March 30 it signed a memorandum of understanding with Korea Venture Investment to invigorate the AI and ICT venture ecosystem. The agreement aims to link promising companies with the Fund of Funds to spur growth in AI and ICT firms. The two organisations will cooperate in five areas including identifying firms and holding joint investor briefings, supporting international events, sharing overseas networks, exchanging expertise and linking programmes.

Finance

Fintech hot issue: Financial markets sway on high oil prices and weak won; refinancing loan war breaks out

Financial market jitters in South Korea are growing as the Middle East war drags on, pushing oil prices higher and strengthening the dollar. The won has risen above 1,500 per dollar, near the highest level in about 17 years, while foreign outflows add to volatility in the KOSPI. Separately, banks, internet-only lenders and fintech platforms are intensifying competition for sole proprietor refinancing loans as infrastructure opens up.