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AI & Enterprise

Wrtn raises 100 billion won in Series C, valued at 1 trillion won

Wrtn Technologies said on Tuesday it raised 100 billion won in a Series C funding round, with the company valued at more than 1 trillion won. The company said it is the first domestic AI service startup to be valued above 1 trillion won. Total funding is about 230 billion won. New investors included Coreline Ventures and Eugene Asset Management. Wrtn said its North America platform OOC topped 10 billion won in monthly revenue within three months.

Finance

Woori Financial Group to pursue 7 trillion won productive investment from startup scouting to IPO

Woori Financial Group is accelerating support for the growth of innovative companies based on a 7 trillion won productive investment plan. It aims to build a linked support system spanning startup discovery, early and follow-on investment, scale-up and initial public offerings to meet funding needs by growth stage. Woori Financial is pursuing a project to provide 90 trillion won in productive and inclusive finance over five years and is detailing the 7 trillion won investment plan.

AI & Enterprise

National Growth Fund AI bets on Upstage and Rebellion in spotlight

South Korea’s National Growth Fund will lead a 560 billion won investment in local AI startup Upstage, as the government seeks to localise the AI supply chain from chips to models and draw follow-on private funding. The Financial Services Commission approved the investment for Upstage’s next-generation model project. Funding includes 100 billion won from an advanced strategic industries fund, 30 billion won from Korea Development Bank and 430 billion won in private capital.