Reliance Jio plans a US$3.8-4 billion IPO, potentially India's largest, to retire debt. This move could spur other digital firms to raise funds, with market conditions stabilizing and improved global sentiment aiding IPO launches.
South Korea's foreign ministry rejected claims by 54 U.S. Republican lawmakers that Seoul is discriminating against American digital companies, affirming that investigations into Coupang over a data breach affecting 33 million users are conducted in accordance with domestic law and due process. The ministry said the government is fully implementing its commitment not to subject U.S. digital companies to discriminatory actions, as outlined in the South Korea-U.S. joint fact sheet. The controversy arises amid speculation that security talks, including Seoul's push for nuclear-powered submarines, may be linked to the Coupang issue.
