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Korean Government Geeks Bearing Gifts

Cautious optimism abounds across Korea’s fast-growing startup scene. Following a national policy shift that has recognized the realities and opportunities of the present age, Korean entrepreneurial talent is finally receiving the level of public sector support…

412일 전
Korean accommodation O2O startup wins investment of $US11m for GoodChoice

Withweb launched Withinnovation as a separate subsidiary in order to focus on the accommodation business. This strategic move seems to have worked given the company revealed on the 8th December that it had secured an investment…

413일 전
Nthing a Korean agriculture IoT startup receives investment from Korea Development Bank

Nthing, a developer of Agriculture IoT (Internet of Things) that connects Plants to People has recently secured investment of US$1.7m (KRW 2b) from KDB Bank (Korea Development Bank). The aim for Nthing seems to be to…

417일 전
K Cube Venture invests into Korean mobile game developer Affinity

2nd December 2015 – K Cube Ventures, investment specialists in mobile, internet and technology have invested US$690k (KRW 800m) into mobile game developer Affinity. Affinity is the developer of mobile game Historia. The Affinity team were…

419일 전
Collaboration tool ‘collabee’ receives investment from Mega Investment and Venture Square

Collaboration tool startup ‘collabee’ announces that it has received pre-Series A investment led by Mega Investment and joined by Venture Square.  The undisclosed investment was finalised in November, 2015.  This is their second investment after their…

419일 전
Social Network, specialists in Korean trend contents secures investment to back its China strategy

Social Network, a specialist platform servicing Korean trends (wave) has secured an investment of US$4.3m (KRW 5b) from Korea Investment Partners, Mirae Asset Investment, POSCO technical investment and Intellectual Ventures. In 2012, Social Network secured their early…

420일 전
Mr Pic secure further investment for used car O2O platform ChutCha

Mr Pic the operator of used car O2O (online to offline) service ‘ChutCha’ has secured an investment of US$1.3 (KRW 1.5b) from KDB Industry Bank. This investment follows MrPic’s success in July after securing US$1.3m (KRW…

426일 전
Wearable health device, Zikto receives investment from IBK Capital and SBA

Zitko, a Korean health care wearable device startup has received US$1m (KRW1.2b) investment from IBK Capital and SBA (Seoul Business Agency). This investment follows a recent investment from ‘The Creation Investment’ to bring total for recent investments…

426일 전
Korean beauty service provider B2Link wins investment from China’s DT Capital

Chinese Venture Capital (德同资本)company, DT Capital have followed other VCs in the recent trend for Korean beauty products, with an investments into B2Link. This is the fourth investment into the company following investments from DSC Investment in…

426일 전
Baemin Fresh acquires Korea’s leading traditional side dish delivery service

Baemin Fresh, a service dedicated to delivering the freshest food products has acquired ‘The Food’, Korea’s leading traditional side dish delivery service. Following the acquisition, the company announced that it will commence services in household convenience…

426일 전
Vanity Trove of Singpore acquires Padang, mobile Korean beauty information app

On the 23rd November, the acquisition of Padang, a service providing mobile beauty information in Korea (operated by Gentle Family) acquired by Vanity Trove of Singapore, a startup specializing in beauty related information and operation of…

427일 전
SK and Brookside Capital invest $56m into Socar, Korea’s leading car sharing service

Korea’s top car-sharing app maker ‘Socar’ has successfully secured a series B investment from SK and Brookside Capital part of Bain Capital for an amount of US$56m (KRW 65b). In October 2014, Socar secured a Series A…

427일 전
NICE group acquires Birdview the operator of Hwahae, the largest cosmetic app in Korea

On the 20th November, Birdview, the company behind ‘Hwahae’ Korea’s most popular mobile cosmetics app, revealed that it had been successfully acquired by the NICE group. Hwahae (Cosmetic Analyst) allows its users to easily recognize chemical…

428일 전
Additional US$4.3m investment for tailored men’s fashion O2O startup ‘Stripes’

Stripes, an O2O startup offering tailored men’s fashion has secured additional investment US$4.3m. On the 2nd November, the company, determined to become a comprehensive brand for men’s fashion launched its first oversea branch in Singapore. Lee Seung…

428일 전
Social activity platform, Friend Trip receives US$1.2m investment

Social activity platform Friend Trip revealed on the 17th November that it had received US$1.2m (KRW 1.5b) in new investment. This is the second investment for the company and follows a US$500l (KRW 500m) last June. Friend…

433일 전
Smartphone Accessory Startup ‘Bench Soft’ Receives 2016 CES Innovation Awards with USB Flash Memory

Korean smartphone accessory startup ‘Bench Soft’ has garnered much attention from the market with its unprecedented type of USB memory device. “Xl.i.CON Flash Memory” is Bench Soft’s USB flash memory that sticks like a magnet when…

433일 전
‘Hyperconnect’, communication app ‘Azar’ receives US$8.6m investment

On the 17th November, Softbank ventures announced that it had made an investment into HyperConnect a communication application startup. The total of the investment was revealed to be US$8.6m (KRW 10b) and was provided jointly with…

434일 전
The Most Powerful Korean Corporation (Chaebol) You’ve Never Heard Of

Editor’s note: Senior Director Corporate Development at Baedal Minjok I. There is a Chaebol in Korea that is nameless. No HQ, no CEO, not even an email. It has massive worldwide influence; setting trends in Asia…

436일 전
Womans Talk, Korea’s leading online mobile beauty platform, secures Series A investment

Woman’s Talk, Korea’s first online mobile beauty home shopping has succeeded in attaining a Series A investment of US$1.7m (KRW2b). With their launch in February titled ‘Korea’s first online beauty home shopping’, Woman’s Talk is the…

439일 전
MCN startup ‘Makeus’ secure US$17m investment from 4 venture capitals

Makeus, a Multi Channel Network startup has successfully secured the largest Korean investment into MCN (Multi Channel Network) in recent news. The investment totaling US$17.4 (KRW 20b) has been provided by venture capital companies DSC Investment,…

439일 전

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