"ByteDance, TikTok's parent company, has a self-evaluated corporate value of 418 trillion won."

ByteDance, the parent company of Chinese video-sharing platform TikTok, is valuing its company at $300 billion and our money at 418 trillion won, the Wall Street Journal reported.

Sources said ByteDance recently offered investors a share buyback, valuing it at $300 billion.

This is a higher valuation than the OpenAI of Elon Musk's SpaceX and ChatGPT, which together with ByteDance are considered the top three unlisted companies with the highest market value.

SpaceX was recently recognized at $250 billion for its stock tender offer, and Open AI raised a massive $6.6 billion fund, valuing the company at $157 billion.

ByteDance was set at $225 billion in October last year and $268 billion in December last year.

The Wall Street Journal said ByteDance expects continued growth through valuation and share buybacks.

In particular, the fact that U.S. President-elect Trump is opposing the ban on TikTok in the U.S. is also seen as a positive sign in the positive market.