EDITOR’S PICK
CEO of Baedal Minjok Talks About How He Raised $36 Million From Goldman Sachs [Part 2]

This is part two of this story. Part 1 here In 2010 when Bong-jin Kim left’ Naver’ (Korea’s primary online search portal), he had no idea about Venture Capital or ‘Exit’. Additionally, he had no interest in…

776일 전
CEO of Baedal Minjok Talks About How He Succeeded In Raising $36 Million From Goldman Sachs [Part 1]

In 2010 when Bong-jin Kim left’ Naver’ (Korea’s primary online search portal), he had no idea about Venture Capital or ‘Exit’. Additionally, he had no interest in global expansion. He built his startup to focus on…

777일 전
China’s Tencent Opens Its Doors To Korean Gaming Comapnies

We reported recently that Chinese investors have been making inroads into Korea. Now we are seeing the first signs of what fruits those investments are likely to bear. As reported by Business Korea, Korean gaming companies…

782일 전
Korean eBook Store Ridibooks Just Raised $8 million In Series B investment

eBook store ‘Ridibooks’ just announced an $8 million investment from Neoplux, Atinum Investment, Company K Partners, and Mirae Asset Ventures. Ki-sik Bae, a representative from Ridi Corporation has gained notoriety in the local publishing market as…

782일 전
beSUCCESS Talks With Tapjoy & 5Rocks About Their Recent Merger, And Ongoing Integration

  “The Core of Mobile Advertising is Demand Estimation” Tapjoy, the company that recently acquired 5Rocks talked with a beSUCCESS editor about their first jointly produced product. In August this year mobile game analytics company 5Rocks…

783일 전
Startup And Entrepreneurship Events In Seoul, Korea: November – December

As Seoul establishes itself as one of the key hotspots in Asia for startups and entrepreneurs, a large number of events aimed at entrepreneurs are springing up to support this growth. Here is a calendar of…

787일 전
AsiaBeat 2014 Lands in Taiwan December 1-2 – Check Out The Ten Korean Teams Participating

Asia Beat 2014 is a 2-day event held in Taipei, Taiwan. Primarily it is a VC networking and Asian startup event  funded by startup related government institutions in Taiwan, as well as media and business consortiums…

787일 전
One Of Korea’s Top Accelerators – Future Play

“We are trying to come up with a realistic solution to help startups to relocate overseas. We are going to completely reimagine what people have done so far. We are going to determine what startups truly…

  ·  787일 전
Korean Delivery App, Baedal Minjeok, Secures USD36 Million From Goldman Sachs

It has been announced in Korean media this morning that the country’s leading food delivery service (Baedal minjeok) has secured funding of USD36 million from Goldman Sachs. JaeHyun Lee, in charge of the Korean investmnet said:…

788일 전
ENOMAD, The Hydro-Power Techies From Seoul Bringing Mobile Power To Remote Locations

Last summer, crowds gathered around the free smartphone charging station set up near Chungye-stream in the heart of Korea’s capital.  The service was developed by ENOMAD a local startup and attracts people with music during the…

789일 전
Zikto, A Hardware Start-up From Seoul Secures $50k On KickStarter In First 24 hours

The proverbs say a good beginning is half the battle. Based on this Zikto is well on their way to success, having reached half of their KickStater goal on the first day. Update: On November 25…

790일 전
Here’s A Look At Seoul’s Top Accelerators, Unlocking Korean Startup Success

Seoul, with its rapidly growing startup ecosystem is gaining precedence as one of the most promising entrepreneurial hubs in the world. Home to two of the most influential global tech leaders, Samsung and LG, the perception…

  ·  794일 전
DaumKakao Launches Korea’s First Mobile Money Transfer Service

Daum Kakao has finally launched its mobile money service, BankWalletKakao, a service allows users to spend up to $450 per day and transfer up to $90 per day. A number of other major players are likely…

801일 전
Korean Game Developers Attract Interest From China, Jointly Raise Around $1 Billion USD

Korean developers are attracting increased interest from overseas firms. Tencent has already made a number of large-scale investments, and European companies are also actively seeking Korean gaming companies to bolster their growth. Due to current market…

802일 전
Korean Game Designer Raises Over $100 Million Investment From LINE – Tencent Consortium

4:33 Creative Lab, a top Korean mobile game designer, has joined hands with two of the world’s largest mobile messengers, Tencent and Line Corp. The enormous investment of 1,300 billion won (around $100 million USD) will…

803일 전
Yello Mobile Announces $100M Investment From Formation 8, Achieves $1Bn Valuation

Yello Mobile has today announced an investment of just over $100M from Formation 8 Partners . The investment was made as a result of Yello Mobile’s opportunity to continue to grow into overseas markets. It is…

804일 전
The World’s Most Wired ‘Smart City’ Partners with SparkLabs’ Internet of Things Program

SparkLabs, one of Korea’s leading accelerators, has signed a partnership agreement with the company behind South Korea’s $35 billion Songdo International Business District to launch their new Internet of Things (IoT) Accelerator in Songdo in early…

808일 전
Check Out These Two Korean Gaming Startups That Got Funded Today

Gaming in Korea has enjoyed around 15 years of great success. Among Korea’s top performing gaming ‘startups’ of the last 15 to 20 years are several that have achieve well over billion dollar valuations. These include…

810일 전
Has Samsung Finally Realised Growth Can’t Be Achieved Without Robust M&A Strategy?

As reported by Business Korea, Samsung Electronics has begun to emerge as a player in the global M&A market. In just the last six months the electronics giant, most known for its smartphones, has purchased four foreign…

810일 전
Top Weekly Tech News Highlights From Korea

Korea, Still A Huge Opportunity For E-Commerce The amount of mobileshopping transactions is growing at an explosive pace. The mobile shopping transaction volume achieved more than 100% growth compared to a year ago, reaching near 4…

812일 전

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