[South Korea's JB Financial Group Invests 40 Billion KRW in AI Company Upstage, Acquires 2% Equity] Odaily Planet Daily News: South Korea's JB Financial Group announced that it has invested in artificial intelligence company Upstage through its subsidiaries Jeonbuk Bank, Gwangju Bank, and JB Woori Capital. The three institutions collectively invested 40 billion KRW (approximately 30 million USD) in its C-2 round of financing, acquiring about 2% equity. Earlier reports revealed that Upstage's co-founder and CTO Hwalsuk Lee disclosed that the company is considering various capital market options, including an IPO, and is also contemplating launching a Pre-IPO round of financing. (FNNews)