GIC led a $83m funding round in RIDI.

GIC, a sovereign wealth fund, led a $83m funding round in RIDI, a South Korea-based e-book vendor, with participation from Korea Development Bank, NVESTOR, and Atinum Investment. “With this round of financing, RIDI not only has been recognized for its competitiveness in the content industry but also secured important partners to help expand RIDI’s business globally beyond Korea. We will focus our full attention to enhance RIDI’s positioning as a global content provider in the future,” Kisik Bae, RIDI CEO.