Bain Capital takes control of Mohegan's South Korean resort
Bain Capital, the Boston-based investment firm, announced Monday it has assumed operational control of Inspire, the nearly $1.7 billion integrated resort Mohegan developed and owned in South Korea.
South Korea blocks downloads of DeepSeek from local app stores
South Korean officials on Saturday temporarily restricted Chinese AI Lab DeepSeek's app from being downloaded from app stores ...
cryptopolitan4h
South Korea to develop what’s expected to be the world’s largest AI data center
An investor group is planning to build what's been billed as one of the world's largest AI data centers in South Korea at a cost of $35 billion.
South Korea fines JPMorgan, Morgan Stanley, Nomura and UBS for short selling breaches
South Korea's market watchdog has imposed fines on JPMorgan, Morgan Stanley, Nomura and UBS for violating short-selling rules ...
yogonet9h
After $275M default, Bain Capital takes control of South Korea’s INSPIRE resort
The move comes after Mohegan defaulted on a $275 million Korea Term Loan, triggering Bain Capital, its principal lender, to exercise its rights over MGE Korea Ltd. The resort, previously known as ...
igamingbusiness1d
Mohegan lenders demand immediate repayment of South Korea debt
Creditors who helped finance Mohegan Gaming & Entertainment's South Korea resort have demanded immediate repayment of the ...
Meta In Talks To Buy Korean AI Chip Startup Founded By Samsung Engineer
Seoul-based FuriosaAI was founded in 2017 and is led by June Paik, who previously worked at Samsung Electronics and AMD.
Computer Weekly18h
South Korea plots to become home to world’s largest AI datacentre
Construction of a datacentre that is projected to be 3GW in size is set to start later this year in South Korea.