PRODUCT
SoftBank to Invest $1 Billion in Coupang, Korea’s Largest Online Retailer
691일 전

SoftBank Corp. (“SoftBank”) and Coupang today announced a definitive agreement under which a subsidiary of SoftBank will invest $1 billion in Coupang, the largest and fastest growing standalone e-commerce player in Korea. The investment is expected to close at the beginning of July, 2015 and will bring the total amount of funding raised by Coupang over the past year to nearly $1.5 billion. This funding will fuel Coupang’s innovations in its end-to-end fulfillment service, same-day…

10 Pieces of “Marriage Advice” For Startups
691일 전

Raising funds from venture capitalists is just like entering into a marriage, especially if a partner takes a seat on your board. There are a lot of things to consider when choosing a venture capitalist (who to marry) and how to best work with that person after receiving investment (after the honeymoon). Below are a few pointers from Eric Kim, Managing Partner of Goodwater Capital, who works closely with startups in Silicon…

Daum Kakao Acquires Popular Social Network Path As Part of its Global
701일 전

Daum Kakao Corp., a leading mobile lifestyle platform provider, today announced a definitive agreement to acquire Path as part of the company’s global expansion efforts. The acquisition will take form in Daum Kakao carrying out an asset acquisition of Path the social network and Path Talk the messaging app. “We created Path as a network that brings users a source of happiness, meaning and connection. We’re very proud of what we’ve accomplished…

James Jung of beSUCCESS sheds light on Korean startup opportunities
722일 전

beSUCCESS is doing for Korea what Tech in Asia is doing for other parts of Asia. The company is an online media about startups and tech investments in Korea. It introduces new Korean ventures to a global audience through its media partners. But beSUCCESS also shares business ideas and trends from all over the world. In an effort to serve the ecosystem, the company offers opportunities for Korean startups to meet partners and investors in Korea and…

Big Data Means Big Money for RecoBell
  ·  761일 전

The slogan at Recobell reads “Big Data? Big Money.” We’ve heard it before. RecoBell, a Korean based commerce innovation firm, seems to think they’ve got a solution that makes it easy for companies to leverage their data and turn it into increased efficiency and profit. Founded in February 2013, RecoBell leverages big data algorithms to help commerce companies get personal with their customers with the intent to make money for both themselves…

beGLOBAL 2015 Startup Battle Q-Prize Increases to $250,000 – Deadline For Applications Extended to April 6th

The Qualcomm Q-Prize, to be awarded at this year’s beGLOBAL 2015 Startup Battle, has been increased to a hefty $250,000. In light of this major change, we have extended out the deadline for applications to April 6th to give startups a bit more time to refine their applications and get through the first round of screening. Last year’s startup battle saw 112 startups apply. This year’s startup battle will be tighter, more…

[Infographics] The Recent Arguments about Net Neutrality
796일 전

Recently, It was quite controversial about Net Neutrality in States. Net Neutrality is the principle that Internet service providers and governments should treat all data on the Internet equally, not discriminating or charging differentially by user, content, site, platform, application, type of attached equipment, or mode of communication. Here, we have organized the events that happened recently about the Net Neutrality and made up an Infographics.

IDG Capital and SMBA Create $ 910 million USD Korean Venture Fund
804일 전

The Korean SMBA (Small and Medium Business Administration) agreed to establish a fund , ‘Korean Venture Fund(tentative name ‘Korea Fund’)’ IDG Capital(CEO Xiaoge Xiong), China’s second place venture capital. This fund is as much as $ 910 million USD. After the Korea-China FTA negotiation settlement, small and medium businesses’ interest in entering the Chinese market is increasing tremendously. Amongst this hype, SMBA has brought in ‘China IDG Capital’ which has the know-how of…

Where Everyone is Maker② MakeSense: Real Korean ‘Everyone’s Programming’
809일 전

MakeSense is a combined team of OnAirSoft and Nsynaps that used to work together at a robot lab, and currently is developing an educational application ‘Sici’ at Hansung University. They have come up with a new say of programming method through a block. The following is BeSuccess’ interview about ‘Everyone’s Programming’ with MakeSense.   – Introduce ‘Everyone’s Programming’ for us. ‘Everyone’s Programming’ is a set of an application that children can even…

Where Everyone is Maker① Hellogeeks :‘BitCube’, Anyone make Robot
809일 전

The IoT will come into our daily lives more and more, as time passes. BeSuccess met Hellogeeks, a company that is building products that help general consumers to use the IoT technolicy.   ‘BitCube’ made by Hellogeeks is a tech kit that helps a programming layman can easily build a robot out of sensors, motors, LEDs, etc. and set control rules for the robot. – What is BitCube? BitCube is “The world’s…

Korean Mobile Music Streaming Startup, The Beatpacking Company Raises $11 million
816일 전

A Korean mobile music streaming app company, The Beatpacking Company received a Series B investment. The big news was announced through Su-man Park’s social network. Park elaborated about the investment on his blog, saying “Beatpacking is on the verge of the going on another adventure with Altos Ventures, Capstone Partners that invested $11 million USD; taking risk of Beatpacking’s Odyssey.” Meanwhile, The Bell reported “Beatpacking is in the final phase of finalizing…

Daum Kakao Releases Transparency Report
828일 전

Daum Kakao (co-CEOs Saehoon Choi and Sirgoo Lee) today revealed its first transparency report through its corporate website. Daum Kakao reemphasized its philosophy of placing protection of users’ information as its number one priority, and disclosed data regarding user information requests. Daum Kakao also plans to further its efforts to protect user privacy by regularly updating data in the transparency report and by actively engaging in social discussions for privacy protection. “It…

SoCar Members Reaches 500 Thousand, Expected to Go Over 1 Million This Year
831일 전

The number of members of SoCar, the largest car sharing community in Korea, passed 500 thousand members last year. According to SoCar, the cumulative number of car sharing members is around 500 thousand members, which is 5 times the previous year. Furthermore, the cumulative number of car sharing is around 520 thousand, which means the average user is around 2,500~3,000 per day. Due to the increased number of members, 700 destinations and…

Jobplanet Acquires $8.3 million USD from Qualcomm, Altos, and Bon Angels
834일 전

Jobplanet, korean company assessment platform, announced on the 14th that they acquired total 8.3 million USD from Qualcomm Ventures, Altos Ventures, and Born Angels. Job Planet had initially received 2 million USD from Born Angels and The Ventures last year. Adding this investment, it sums up to total 10 million USD. Qualcomm Ventures and Altos Ventures are the US-based VCs that had been investing in successful global ventures not only in Silicon…

‘Ti In Coop VC Association’ for Travel and Leisure Startup Launched
835일 전

‘Tin In Coop Venture Capital Association’ specialized for travel and leisure start-ups, launches on January 15. For the first time in Korea, representatives of Korean travel agencies and related field, as well as commerce platforms are participating in ‘Tin in Coop VC association,’ planning to provide customized support for travel and leisure start-up. They raised seed money of $800,000 and plan to expand the investment size by making the membership conditions to give…

Mobile Game Company ‘Eight Panda’ Raises $2.4 million
836일 전

On January 13, Eight Panda, a korean mobile game company, announced that they raised $2.4 million as development fund from Korea Investment Partners and Ankang Venture Investment. Eight Panda consists of developers with the experience in title development of major online games in Korea. With 10 years’ of experience in game development and experience of conducting initial stage to the final service, a new type of RPG customized for mobile will be…

DaumKakao Kickstarts ‘KakaoTaxi’, Drivers’ App
836일 전

DaumKakao has launched the driver’s version of ‘Kakao Taxi’ Android app on the 13th. This application is a prerelease version to recruit drivers before  launching the passengers’ version of the app. Any registered taxi drivers can download the app and register as a member. To register, drivers will have to enter their names, first 6 digits of their social security number, license number, upload their photos and license image. DaumKakao then approves…

[beSUCCESS Recruiting 2015] English Reporter Needed Now
842일 전

Full time job (after 3 months internship) & Part time Working in HQ of beSUCESS in Seoul, South Korea Main Task : Korean and Global IT, Tech, Startup Reporting, Writing and Editing Articles Key Responsibility : Fluent Enough to Write Articles in English Interested and Curious about Korean Startup Ecosystem and beSUCCESS Understanding Journalism and duty as Writer. Wanting to Contribute to Korean Startup Ecosystem, Especially Helping them to Go Global Send Resume and…

IT Distribution Startup ‘Mesh Korea’ secures 4 Million Dollars
843일 전

B2C distribute portal service Mesh Korea (CEO Jeung-bum Yu) announced total of 4 billion won (roughly $4 million USD) of investment from multiple investors including EG Partners (Daumkakao Young Adult Startup Investment Union). In addition to EG Partners, Shinhan Capital, Seoul Investment Partners, and Solborn Investment, also decided to participate in the investment of Mesh Korea due to its growth potential. Since the establishment of January 2013, Mesh Korea has provided distribution…

Baedal Minjok Breaks 5 Million Monthly Order Mark
843일 전

On last month, Woowa Bros. (CEO Bong-jin Kim)’s delivery app ‘Baedal Minjok’ reached their best record as they surpassed 5 million monthly orders. On December 2014, the report shows 5.2 million delivery counts, a 20% increase from November’s 4.3 million. The estimated total transaction fee is approximately 95 billion won. 2014’s annual delivery broke 40 million mark as well indicating a 230% increase compared to 2013.  Statistic Korea report shows that there…