EDITOR’S PICK
Altos Ventures Invests $2 Million USD In Global Video Messenger Startup ‘Hyperconnect’

Altos Ventures, headquartered in Silicon Valley, has invested $2 million USD in Hyperconnect, the developer of live time video communication technology and the service host for the video messenger ‘Azar.’ Hyperconnect has developed a very distinct client/server technology stack for WebRTC based real-time video/voice communication. It is very secure and reliable for various settings in 200 countries with very high quality video chat. The technology is built on P2P so the management…

Korean In-Car Navigation Startup Launches Augmented Reality Driving System
848일 전

A leader in navigation solutions from Korea, Thinkware, has developed a new product with imbedded augmented reality technology. The new iNavi X1 model allows the driver to view the actual image of the road on which they are driving and see a range of useful traffic information. The company in Seoul unveiled the “iNavi X1” that combines augmented reality with advanced driving assistance system (ADAS). The AR solution called “Extreme AR” within…

‘Timeline Dungeon’ Developer NOVN Secures Investment from NC Soft

‘Timeline Dungeon’ developer NOVN have announced that they recently received $500k USD from NC Soft. As NC Soft expands its business interest from game and contents to a range of other entertainment areas, this investment will enable NOVN to release Timeline Dungeon in January 2015. This investment follows up a seed round of funding from ‘The Ventures’. NOVN’s Timeline Dungeon plans to open a new genre with their first title. It is…

Can Korea Rise To The Challenge Of Global innovation Leader?
852일 전

“When it comes to innovation Korea is a global leader” – Mark Zuckerburg The above statement comes from a speech Mark Zuckerberg, Facebook CEO delivered recently, and demonstrates a changing tide of thought about Korea. No more the ‘Land of Morning calm’ it once was, Korea is emerging emboldened onto the world stage, ready to prove itself, no matter what. My recent article described Korea’s top accelerators and their efforts in providing…

Coupang Is Acheiving ‘Viral Growth’ Months After Raising $300 Million USD From BlackRock
853일 전

As reported by Coupang’s President Bom Kim, his four year old ecommerce company has surpassed monthly turnover of 200 billion won (a little shy of $200 million USD). While the comapny started life as a daily deals site, it rapidly became an ecommerce focused enterprise, escaping the global downturn in daily deals that put market leader Groupon into major trouble this year. Kim now sees his largest rival as Amazon, which is…

Top Business Card Organizer ‘Remember’ Secures $2 Million USD

Jae-ho Choi CEO of Drama & Company has announced that their business card organizing app ‘Remember’ has secured $2 million USD from Daekyo Investment, CyberAgent Ventures, and Capstone Partners. This is the second round of funding for the company this year, after Capstone Partners invested $1 million USD. The additional funding will help them prepare a stable foundation for ongoing service development and management. Unlike the previous OCR based business card organizing…

NFLabs Aims to Democratize Big Data, Raises $1.5 Million For Development And Global Expansion

After three years in operation, NFLabs, Korea’s most promising Big Data startup has raised series A funding from Big Basin Capital, Bon Angels and Coolidge Corner investment. The funding of $1.5 million USD will be primarily used to bring the startups big data analytics and visualization software to a global audience. NFLabs CEO Sejun Ra explained, “the investment will really boost our expansion to North America. We will focus on speeding up…

SundayToz Initiates $30 Million USD ‘AniPang Fund’ To Support Startups

Korean gaming company ‘SundayToz’ and The Ministry of Science, ICT and Future Development and have created the ‘AniPang Fund.’ The fund will be aimed at startups in the following fields: Gaming, Social, digital content, platform based technology and contents based technology. The ‘AniPang Future Contents Investment Association’ will operate under the management of Smilegate Investment. While the fund will primarily focused on startups in Korea, a representative from SundayToz has confirmed that they are…

The Korean Gaming Industry Doesn’t Stick Out As One That Needs Support… But They’re Getting It
857일 전

According to an article on Business Korea, the Korean government is planning to invest at least $209 million USD over the next five years to promote the growth of the game industry. This comes in a year where game developer 4:33 Creative Labs raised around $110 million USD from Tencent / Line, Smilegate bought a $110 million USD stake in Sunday Toz, Devsisters went public at a $627 million USD valuation, we announced…

5 Myths About Asian Startups – The Importance Of A Global Perspective

[This article was originally published on Forbes] I was in Asia last week to attend a Demo Day for startups that participated in a two month acceleration program through DEV Korea where I serve as a principal. These companies had split their time between New York and Seoul in order to gain a global perspective that could be applied to their ventures while they were still in a formative stage. This is…

This Korean Startup Allows Developers To Add Voice, Video, & Chat To Web/Mobile Apps With A Few Lines Of Code

‘Appspand’ is an advanced communication service, allowing voice, video, and chat to be added to any web/mobile app, with a few lines of additional code. Uberple was founded in Jan 2013 with the vision of dramatically improving communication within the financial services industry. This need was borne out the founder’s experience of crude tools available for communication both internally and with clients. While their scope has been broadened to embrace opportunities in…

This Korean Startup Brings Computer Science Education Into The Digtal Age
860일 전

The programming and Software education market is booming in Korea. Starting from next year, domestic software education will become mandatory for middle school students, and by 2018 it will become part of the national curriculum for elementary, middle and high school. And Korea is not the only nation focusing on this area, with governments across the globe aiming to bake computer science into standard education. For example, as of this September computer…

‘A-33 Studio,’ A Seoul Based Gaming Startup, Aims To Revolutionize Moble Gaming

K Cube Ventures recently announced a $700,000 investment into mobile game developer ‘A-33 Studio.’ With this investment A-33 Studio will focus on ramping up their mobile FPS game production and aim to be ready to release their first title by end of next year. The title is named ‘Project S’ for now, and is an ambitious plan to maximize online mobile FPS game experience by integrating a fully optimized user interface along…

Opportunities And Threats In Korea’s Blossoming E-Commerce Market
862일 전

Social Commerce In Korea Is A hot Topic These Days With Coupang’s Recent $300 Million USD Fundraise – Here’s a Review of the Market from our friends at Business Korea. In May 2010 social commerce arrived in Korea, thanks to local player, TMON. In the same year two other local players also started operations, Coupang and. Four years later, three companies are still operating at a loss, engaged in fierce competition. Coupang has…

Chinese Language Education Company Chinada secures $1 Million USD from Soft Bank Ventures

Based in Seoul, Chinese language education company CHINADA have secured $1 million USD from Soft Bank Ventures and Coolidge Corner Investment. Their digital educational program ‘Chinatan’ is unlike other typical systems that focus on grammar and reading. Instead it is aimed towards improving conversational skills. It simulates real life situations, such as markets, restaurants, university campus, hotels, etc. This allows students to experience day to day situations experienced by locals. To build…

Yellow Mobile’s Location-Based SNS ‘1km’ Targets Global Market With International Version
865일 전

Yello Mobile’s location-based SNS ‘1km’ has announced the launch of their international version, which now supports ten different languages including English, Chinese, Spanish, and Thai. Riding the current of ‘Korean-Wave’, they are targeting South-east Asian and Latin American countries, which are hotspots for Korean popular culture. There is a long term plan to expand their global coverage further in the future. The app, which uses GPS to connect people within a 1km…

Coupang, Korea’s Top E-Commerce ‘Startup’ Closes $300 Million USD From BlackRock

“We want to be the Amazon of Korea. We are the largest online retailer here, and we’re one of the most well-funded tech companies in Korea.” CEO of Coupang, Bom Kim in an interview with Forbes To accelerate this growth Coupang has just announced another huge funding round, worth $300 million USD, from BlackRock Private Equity Partners. This follows fast on the heals of another $100 million USD round led around five months…

Couples App ‘Between’ Hits 10 Million Global Downloads, Celebrates Three Years In Operation
867일 전

Two weeks after the third anniversary of founding Between, the world’s largest social network for couples, has hit a major milestone, achieving 10 million global downloads. Since launching 3 years ago, Between has enjoyed 100% year-on-year growth. What is perhaps even more encouraging is that in 2014, much of this growth came from overseas markets, such as Japan, Taiwan and Southeast Asia. Japan hit its 1 million local downloads earlier this year,…

Korean Tech Startups and SMEs Lost USD$5.6 Billion in Unprotected IP Between 2011 & 2013
867일 전

According to the Korea Small Business Institute, small and medium enterprises running their own research institutes suffered from a technology outflow worth $5.6 billion between 2011 and 2013. The amount was equivalent to 58% of their R&D expenditures for the same period. The sales decrement caused by the tech leak was $2.27 million on average, or around 20% of annual sales. However, despite knowledge of the problem, most companies have not make…

KakaoTalk Answers User Concerns Over Privacy, Adds ‘Secret Chat’ Function
868일 전

Perhaps in response to user concerns around privacy, Daum Kakao has just introduced ‘Secret Chat’ mode and ‘Decline Invites’ features for their KakaoTalk messenger, adding a higher level of privacy to the service. The new features provide users with increased options on how communications are carried out – and with whom. Secret Chat mode is a new type of chatroom that employs end-to-end encryption on all messages exchanged within the chatroom. The…