00:06korea's ipo market just got a 10 trillion one proof point fashion platform musinsa filed for
00:13a cosby listing targeting a valuation above 10 trillion one a robotics maker just doubled down
00:20on humanoid software after selling founder shares to fund it and waymo just said it wants into the
00:26korean market it's tuesday september 8th let's look at what this means for startups and entrepreneurs
00:32in korea musinsa filed its preliminary listing review with the korea exchange aiming for a
00:38valuation above 10 trillion one on 22.5 percent first-half revenue growth robotics maker robotize
00:45is shifting from hardware components toward a full humanoid software stack funded partly by its
00:51founders own share sale both moves land as global players like waymo and anthropic signal serious
00:57interest in korean partnerships and market entry here's what the numbers show musinsa's first
01:04half revenue reached 821.7 billion one up 22.5 percent year on year with operating profit of 52.3
01:13billion
01:13one its overseas global store platform grew transaction volume 143 in the first quarter
01:21now serving 13 countries robotize ceo kim byung su plans to invest part of an 88.7 billion one share
01:29sale into its autonomous robotics subsidiary betting delivery robot software will carry over into humanoid
01:36systems waymo's korea lead said the company wants to expand here after 2027 building on over
01:43220 million miles of autonomous driving data and a hyundai ioniq 5 testing partnership battery
01:51industry analysts say the real m&a opportunity now sits in ess system integration and non-china supply
01:57chains not raw cell capacity with global ess demand projected to grow 4.4 times by 2030 short pause
02:06investment banks note musinsa's 10 trillion one target still depends on convincing the market its recent
02:12growth rate is sustainable not just its current profit level so what does this mean for founders
02:18building in korea right now earlier we said musinsa just gave korea startup market a 10 trillion one
02:24proof point here's what that actually means for you a consumer platform not a chip maker just proved a
02:31credible path to a large-scale korean ipo for founders building robotics or mobility ventures
02:38robotize and waymo both show the value migration is moving from hardware towards software and the
02:44data platforms built on top of it battery adjacent founders should note the m&a logic has shifted toward
02:50ess integration non-china sourcing and bms and ems software not just cell production scale
02:57what to watch musinsa's expected securities filing an investor roadshow later this year or early next
03:05robotize's rollout of its dynamixel q actuator and ai sapiens humanoid platform and whether waymo
03:12announces concrete korea testing or service plans following its hyundai ioniq 5 trials
03:17that's today's ai prism founders this episode was produced with ai assistance based on seoul economic daily
03:25reporting and reviewed by a human editor ai prism is a wanifra award-winning series we'll be back tomorrow
03:33you've been listening to ai prism from seoul economic daily
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