Korean AI Unicorn Wrtn Picks Mirae Asset, NH for IPO Push

Wrtn Technologies, South Korea's homegrown AI unicorn, has tapped Mirae Asset and NH to lead its initial public offering, which the company is targeting for next year.

The mandate hands two of the country's most active financial institutions a role in one of the most closely watched Korean tech listings now in the pipeline. Wrtn, which operates an AI assistant platform built on large language models, reached unicorn status amid a wave of investor enthusiasm for generative AI startups outside the United States and China.

Mirae Asset, the Seoul-based financial group with a substantial securities franchise, and NH — the agricultural banking powerhouse whose capital-markets arm has expanded aggressively into tech underwriting — will steer the company through the listing process.

The planned IPO would test investor appetite for Korean AI platforms at a moment when global markets are repricing generative AI companies. Wrtn has positioned itself as a local champion in a market dominated by foreign foundation models, building consumer-facing tools tailored to Korean-language users.

A successful listing next year would give Wrtn a public currency to fund competition against both global giants and domestic rivals, and would mark one of the first major public debuts from South Korea's generative AI sector. The company has not yet disclosed the intended listing venue, share price range, or the size of the offering.

The appointment of Mirae Asset and NH as lead managers signals that formal IPO preparation is now underway, with the transaction expected to move toward regulatory filing as the target date approaches.