English Articles
Fintech startup BMO receives $1.8m from investors for Honest Fund P2P loan service
2015년 08월 27일

Fintech startup company BMO has received approximately US$1.8 million from investors including Yellow Financial Group, Settle Bank and Shin Hyun Sung the CEO of Ticket Monster for their P2P (peer to peer) loan service platform Honest Fund. Honest Fund is a peer to peer personal loans and investments service, that directly connects borrowers to lenders without banking institutions. The platform provides borrowers access to funds that do not impact on credit ratings…

TheVentures invests into insurance reversebid company MyRealPlan
2015년 08월 26일

If you’ve ever experienced the frustration in finding the right insurance plan then MyRealPlan is the solution you’ve been waiting for.  Of course, finding the right insurance plan is just the start, you then need to find the best value amongst the multitude of insurance service providers and their brokers, and the broker’s brokers.  But no need to worry, since MyRealPlan has this solved too, with their reverse bidding process, where insurance…

Korean travel startup, MyRealTrip receives investment from Silicon Valley company AltosVentures
2015년 08월 25일

  Korean travel tour and activity startup, MyRealTrip has revealed that it had secured additional investment through Silicon Valley company AltosVentures. For MyRealTrip, this new investment comes 1 year after the combined US$840 thousand investment from SmileGateInvestment and CapstonePartners in June last year. The funding will provide the needed foundations in launching the business globally. MyRealTrip was founded in 2012 as a travel startup offering locals around the globe the opportunity to partake…

Korean food delivery app Yogiyo receives additional investment of US$35 million from DeliveryHero
2015년 08월 25일

  On the 25th August, it was revealed that Yogiyo a popular food delivery service app in Korea had received further investment of $35 million from DeliveryHero.  DeliveryHero is a German company that provides online food service solutions internationally. This brings the total investments into Yogiyo to approximately US$55 million. Through this investment  Yogiyo will direct their focus towards achieving the total satisfaction of their customers, through continued development and improvement to products and services….

HelloWorlds’ ChulGaBang, an integrated platform for food delivery businesses, receives a $2.7M investment
2015년 08월 24일

ChulGaBang, developed by HelloWorld, is an integrated platform for managing deliveries and operations of small-to-medium sized food companies. SBI Investments Korea, HB Investment, and Sejong Venture Partners have invested a total of USD $2.7M in the recent round. The phrase “chul gabang” means “bag made of iron” and, as the name suggests, ChulGaBang’s deliverers sport a metal case that is mounted onto scooters and used for delivering food. HelloWorld has integrated the processes of placing orders,…

Altos Ventures invests $3M into beauty eCommerce company HuiSeoul
2015년 08월 21일

Silicon Valley investment company Altos Ventures recently announced its US $3.0M investment in Trillionaire. Trillionaire runs a Korean cosmetic ecommerce service called HuiSeoul, which focuses on providing Korean beauty products exclusively to the Chinese market. The journey for HuiSeoul started in a single store in Myung Dong (Seoul) back in November 2014. The company reacted quickly to an identified market in China for Korean cosmetic and beauty products. In February 2015, HuiSeoul began, and started to…

Korean entertainment culture site, Soompi, acquired by Viki
2015년 08월 19일

Korean entertainment site Soompi has been acquired by Viki in a deal rumored to be less than US $10M. Viki was a startup that was purchased by Rakuten in a huge US $200M deal. This time, Viki is on the other end of the table and the divestor is Crunchyroll. The combination of Viki and Soompi will make the company the largest English platform for discussion and news on Korean entertainment. Korean dramas…

Yea Studio, developer of children’s drawing SNS Junimong, secures $850k investment
2015년 08월 18일

Yea Studio, the creator of Junimong, a popular kids drawing social networking site, has secured a $850k investment from East Gate Partners LLC and Big Basin Capital. East Gate Partners operates Daum’s Youth Startup Investment Fund while Big Basin Capital is a Silicon Valley venture capital firm focused on investing in Korean and American startups. This is the second early development investment for Big Basin Capital, and is a follow up to Mashup Angles, in which…

Logistics solution provider Mesh Korea secures US $3.4M investment
2015년 08월 18일

Mesh Korea specializes in the development of online platforms that support the distribution and logistics requirements of businesses. On August 18, a representative from the company, Ryu Jung Bum, confirmed that Mesh Korea had raised US $3.4M from SBI Investment and Korea Development Bank (KDB Capital). Prior to this investment, Mesh Korea raised a total of US $6.8M from both domestic and oversea investors, including an investment from VentureSquare back in January. Mesh Korea, which…

Wemakeprice lands $85M investment with NXC / Nexon
2015년 08월 17일

  On August 17th, Wemakeprice a company dealing with social commerce, announced it had raised a total of $85M following the third release of its shares through NXC. Through this investment, Wemakeprice plans to seek the necessary talent and improve its systems in order to accelerate and improve the shopping experience for its customers and partners. NXC specializes in online and mobile games production as well as distribution through its subsidiary Nexon. Kim…

Daum Kakao Accelerates Mobile Innovation; shifts from current Co-CEO structure to single CEO
2015년 08월 12일

Daum Kakao announced that it nominated Ji Hoon Rim, current CEO of K Cube Ventures, as the new CEO of Daum Kakao. In order to swiftly drive change and innovation in the rapidly evolving mobile era, the company has decided to shift from a co-CEO structure to a single CEO structure. The strategic decision is expected to help bring out the company’s full potential following its merger last October. Ji Hoon Rim, CEO…

Takeover Silicon Valley, beGLOBAL SF 2015 commences receiving start-up applicants
2015년 08월 11일

beSUCCESS a professional media company with a particular focus on startups, will be holding the beGLOBAL SF 2015 conference in San Francisco on October 15 and has commenced receiving applications to participate from startups for this years event.   beGLOBAL SF 2015 is the sister event of beGLOBAL Seoul 2015, which was held in in Dondgdaemum DDP back in May.  The Seoul event is Asia’s largest startup conference whilst the San Francisco event seeks…

Treasure Hunter secures US$3.3 million from DSC Investment
2015년 08월 11일

MCN (Multi Channel Network) specialist Treasure Hunter announced its success in attracting an investment worth US$3.3m (KRW 4b) from DSC Investment. This announcement was made by Song Jae Ryong the representative from Treasure Hunter. This follows investments of US$5.6m (KRW 6.7b) in May which was led by the company’s stategic partner 4:33 and three other venture capitals located in Korea and overseas. In total the company has raised nearly US$9m (KRW 10.7b)…

East Gate Partners LLC invests 700M Korean won in Kmong, a talent marketing company
2015년 08월 07일

  Talent marketing company Kmong has successfully secured 700 million Korean Won (US $809,000) from East Gate Partners LLC, the fund management company leading Daum Kakao’s youth foundation investment trust. Kmong offers a platform for talent acquisition. Despite this being considered an intangible commodity, Kmong has had more than 130,000 transactions and currently boasts over 100,000 members. One of the most impressive numbers involve a particular seller with an accumulated sales total of one hundred…

Scatter Lab attracts a 1.3B won investment from Softbank Ventures and KTB
2015년 08월 04일

Scatter Lab, a big data analysis company specializing in analyzing chat emotions, announced a series A investment of 1.3 billion won from Softbank Ventures and KTB. Both companies have an equal share in the investment, each investing 650 million won in the company. Scatter Lab was founded in 2011 as a startup specializing in analyzing emotions, aiming to give people a more valuable chat experience. It now operates a service caller Ginger, which is an artificial intelligence…

‘K Cube Ventures’ invests into O2O home care company ‘Doctor House’
2015년 08월 04일

  On the 4th of August, ‘K Cube Ventures’ a specialist in mobile, internet and special technology investments, revealed that it had invested into ‘Brat Village’, an O2O (online to offline) home care service provider.  A key member in the ‘Brat Village’ startup is Mr. Sung-Min Park who was a founding member of ‘Easy Taxi’ and previous to this of ‘Limo Taxi’. ‘Doctor House’ developed by ‘Brat Villlage’ is a mobile service…

Accommodation service provider, Yanolja, secures $8.5M investment
2015년 07월 27일

Park Sung Chul, a representative of Yanolja (a Korean phrase for “let’s play”), announced on July 27 that the company has now raised $8.5M from Partners Investment. Partners Investment is known for investing in startups that demonstrate potential growth. With this first investment, Yanolja hopes to grow from offering accommodation ads to covering all accommodation related industry sectors. This will allow accommodation franchises and B2B businesses that have an offline presence to create a solid mobile…

O2O commerce proivider YAP Company secures investment from New World Group
2015년 07월 27일

  The YAP Company is a Korean startup providing O2O commerce platform using an independent hybrid beacon technique. Recently, New World Group (Hong Kong) has combined with Korean investors, to provide YAP Company with a combined US$34.8m (KRW 42b) investment. YAP’s platforms, deliver essential information and benefits that are tailored according to the users time, location, circumstances, and necessities. YAP single-handedly embodies the entire transaction process of payment settlements requiring coupons, mobile stamps, and…

Fintech startup Viva Republica secures $4.2m for Toss Payment System
2015년 07월 21일

  Viva Republica, a Fintech startup has developed Toss, an easy money transfer solution that removes cumbersome identity or security card requirements.    On the 21st July, Viva Republica revealed that it had secured total $4.2m (US) investment from KTB Network, Altos ventures and IBK. With this investment, Viva Republica plans to step into the e-transactions with services that offer real time transfers and a deposit service for non account holders. Toss…

Ylab a webtoon startup attracts $2.5m investment
2015년 07월 20일

Ylab is a Korean webtoon developer and is the creative force behind popular titles such as ‘Fashion King’, ‘Josun Dynasty’ and ‘Abyss of the Sky’.  Recently, Value Investment Korea made an investment of US$2.5m into Ylab.  This investment has been confirmed by representative from both companies.   Ylab was founded by webtoon author Yoon In Hwan who published ‘Blade of the Phantom Master’ which amassed more than 6 million views.  Within the first…