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Seoul Economic Daily
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A Korean cosmetics group eyes a KOSPI listing, a government startup program faces a data breach, and Tencent reorganizes around AI. Here's what founders need to know.
Cuda Global has filed for a preliminary KOSPI listing review, targeting the first half of next year with an estimated market value near 10 trillion won. Meanwhile, personal data of 818 participants in the second "Everyone's Startup" program was exposed after a breach at an AI solution provider. Tencent's plan to move half its workforce into AI-native businesses rounds out a day that signals rising stakes for founders in Korea.

Sources:
- Cuda Global Files for KOSPI IPO Review, Targets First-Half Listing — Seoul Economic Daily, November 13 2026
- Ministry of SMEs Confirms Data Breach Affecting 818 Startup Program Participants — Seoul Economic Daily, November 13 2026
- Tencent Signals Workforce Restructuring Around AI Native Businesses — Seoul Economic Daily, November 13 2026
- Gibo and Bangjinhoe Partner to Boost M&A in Defense SMEs — Seoul Economic Daily, November 13 2026

AI PRISM is Seoul Economic Daily's WAN-IFRA award-winning newsroom AI series, delivering Korean economic news adapted for global audiences. Episodes are produced with AI assistance.
트랜스크립트
00:00Korea's startup landscape just shifted in a way that matters for anyone building here.
00:04A Korean beauty group is preparing a Kospi listing that could value it at roughly $10,000,000, and Tencent
00:10is restructuring its entire workforce around AI.
00:13Here's what founders need to know.
00:15It's Saturday, November 14th.
00:16Let's look at what this means for startups and entrepreneurs in Korea.
00:20Korea's startup funding landscape is shifting across three fronts today.
00:24Exit routes, security responsibility, and corporate reorganization.
00:28CUDA Global filed for a preliminary listing review with the Korea Exchange on November 13th.
00:33Its public offering covers 28,025,740 shares, roughly 24% of the 116,773,761 shares to be listed,
00:45and it's targeting the first half of next year.
00:47Here's what the numbers show.
00:48CUDA Global reported consolidated revenue of $1.4718 trillion last year, up 294% year-on-year, with operating profit
00:58of $273.4 billion, up 98%.
01:02Its growth came from acquiring cosmetics brands such as Skin 1004, Round Lab, and Skinfood, then scaling them through group
01:09-level global distribution.
01:10Seoul's ministry of SMEs and startups confirmed that 818 participants in its second Everyone's Startup program had personal data exposed.
01:20The breach hit AI legal document startup Amicus Rex, which was one of 50 AI solution providers in the program,
01:26and the leaked data included names, phone numbers, and email addresses.
01:30Separately, Tencent's leadership told staff that half of its workforce will move into AI-native businesses, and rumors of a
01:3750% layoff spread online before the company clarified its direction.
01:41So what does this mean for founders weighing Korea's market right now?
01:45Earlier, we said Korea's startup landscape was shifting across three fronts.
01:49Here's what that actually means for you.
01:51Exit routes are opening, with a major consumer brand group eyeing a Kospi listing.
01:56Security obligations are tightening, even for third-party AI vendors inside government programs.
02:01And large incumbents are reorganizing around AI, which raises the bar for speed and structure.
02:07Founders who understand these moves early will be better positioned to plan fundraising, partnerships, and compliance.
02:13That's today's AI Prism.
02:15Founders
02:15This episode was produced with AI assistants based on Seoul Economic Daily Reporting.
02:20AI Prism is a Juan IFRA award-winning series.
02:24We'll be back tomorrow.
02:26We'll be back tomorrow.

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