EDITOR’S PICK
Rakuten Ventures’ Saemin Ahn Discusses Investment Strategy For Asia And North America

Saemin Ahn leads Rakuten Venture’s strategy and investments in South East Asia, Korea and North America. The size of the current fund is $100 million. Saemin previously led a $10 million fund focused on Singapore, Rakuten’s…

853일 전
Mobile Game ‘Cookie Run’ from Devsisters Delivers Pay Day to Investors In ‘Secret IPO’

Devsisters, the darling of Korean gaming over the last two years has listed its stock publically in what has been one of the most down played IPOs I am aware of. In fact, so down played…

854일 전
Can Big Data Implementation In Smart Cities Resolve Issues Raised By Korea’s Ageing Population?

Korea’s rapidly-aging society, compounded by a decrease in overall population are major issues that Korea is facing. But according to Cisco System’s Dominic Scott, “the solutions lie in big data and Internet of Everything.” He was…

854일 전
Softbank Ventures Assesses The Korean Startup Ecosystem

Softbank Ventures Korea is one of the most established and successful Venture Capital companies in Korea. Outstanding successes include Sundaytoz and Sunnyloft (acquired by Kakao), and there are dozens of other portfolio companies that are rising…

857일 전
Meet Yello Mobile, Aiming To Be Asia’s Top Mobile Platform Company [Part 2]

Only three years after the first acquisition Yello Mobile has raised $78M, is nurturing an alliance of 35 startups, is profitable to the tune of $1.5M per month and plans to IPO next year. This is…

858일 전
Korean Adaptive Learning Platform KnowRe Secures $6.8 Million From Softbank

KnowRe, a Korean education technology company with a cloud-based adaptive learning program for secondary mathematics has just secured $6.8 million in a funding round led by Softbank Ventures. KTB Network Co., LTD, Partners Investment, SparkLabs Global Ventures…

858일 전
Softbank Ventures Has Invested To Connect Korean Foodies To The Restaurants They Crave

MangoPlate announced today a series A funding round from Softbank Ventures Korea. As described on their Google Play download page, “MangoPlate is your go-to app for discovering the best restaurants in South Korea. Available in English and…

859일 전
Yello Mobile – Perhaps Asia’s most Exciting Startup Story This Year [Part. 1]

Only three years after the first acquisition Yello Mobile has raised $78M, is nurturing an alliance of 35 startups, is profitable to the tune of $1.5M per month and plans to IPO next year. This is…

859일 전
Meet These Korean Startups Pursuing Opportunity In China

During my time working with Korean startups there has been an almost universal fear of the dangers of entry to the Chinese market. But as Korean founders become more globally minded, and more confident in themselves,…

860일 전
Korean Consumers Swing Back To Apple Thanks To Larger Screen Sizes

It has been widely reported that Apple’s market penetration has been waining in Korea, in the face of extreme local competition from Samsung and LG. However, a mobile open market research report from Goodmobile has shown…

861일 전
Three Updates on Korea’s Messaging Privacy War, Kakao Tells Government “No”

KakaoTalk Confirms They Will NOT Comply with Government Wiretapping Warrants A cyber censorship battle is being waged between the private and public sectors. Daum Kakao CEO Sirgoo Lee in particular has been embroiled in the controversy over…

861일 전
After Resounding Success in Beta, The World’s Top Couple App ‘Between’ Launches On PC

VCNC, the developers behind couples app Between today announced the release of their PC version. The world’s leading mobile couples’ app was previously only available on iOS and Android. The addition of the PC version will enable couples…

862일 전
Seven Curated Stories From The Korean Tech Industry This Week

  Samsung Ties Up With SK To Develop 5G   South Korea’s top mobile carrier, SK Telecom, said they are partnering with Samsung to develop the 5G industry, seeking early advancement in one of the highly watched…

862일 전
Wit.ai Raises $3M Seed Round Led By Andreessen Horowitz, Eyes Opportunity In Korea

As reported by TechCrunch, natural language platform wit.ai has announced a $3M seed round led by Andreessen Horowitz in a deal that has emerged shortly after the team graduated from Y Combinator. The company is tackling a…

865일 전
Tribeluga, Korea’s Newest Startup Accelerator, Opens It’s Doors To Founders Eyeing China

Tribeluga is a Seoul-Beijing based startup accelerator with the core mission of connecting Startups to new (and traditionally tough) markets, primarily China and the US. Today the company’s President, Lili Luo, launched the accelerator in a…

866일 전
SoftBank Makes Good On Promise To Increase Its Entertainment Focus, Acquires Korean Drama Fever

SoftBank has just announced that they will acquire Korean TV streaming service, DramaFever, for an undisclosed amount. DramaFever is a five-year-old Korean startup that streams global TV shows and movies online. The company was founded by brothers Hyun and…

867일 전
Korea’s Sharing Economy Rocket-Propelled As Domestic Ride Sharing Service Gets $18M Investment

Correction: The ‘won figure’ for the investment originally quoted was wrong and should be 18 Billion won (not 180 billion won. The fugure of around $18 million is correct. Bain Capital has today announced that they…

868일 전
Weekly Korean Tech Round-up – 7 News Items That Caught Our Eye

Kakao Talk Promises that encrypted messeging will be available this year Daum Kakao, the operator of South Korea’s most popular mobile messenger Kakao Talk, said it plans to adopt a “privacy mode” in an apparent bid…

869일 전
In Korea’s Messenger Market, Will Security Trump Emoticons?

Until a couple of weeks ago Koreans had never heard of Telegram, the super-secure Berlin-based messaging app that is now causing waves. Telegram is attracting droves of Korean users away, for increased security. In Korea, KakaoTalk is installed on…

869일 전
Koreans Swarm To New Mobile Services, For Music, Payments And Security

Edited from Business Korea: Korea is once again proving to be a market where rapid adoption of new tech services (particularly mobile) can occur at phenomenal speed. Samsung’s Milk Music, Kakao Corp’s peer to peer payments…

871일 전