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Litalico Inc., a Japanese social enterprise, will use a South Korean startup’s technology to tap the global hearing aid market and provide hearing aids at a much more affordable price.

Litalico has acquired an equity stake in Olive Union Inc., which has developed a wireless earphone — linked to a smartphone app — that functions as a hearing aid, and plans to launch it in South Korea and the United States next month as well as in Japan next year.

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