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 global expansion. He built his startup to focus on solving ‘small issues that Koreans face in their daily lives’. Yesturday we discussed how he raised his first three rounds of funding. Today we look at how…

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 solving ‘small issues that Koreans face in their daily lives’. That is how Baedal Minjok started. But recently his ‘startup’ raised $36 million USD from Goldman Sachs. He concluded, “if a person like me who had…

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: “Korea is a very exciting market for e-commerce and we are excited to be partnering with Baedal Minjeok, to help them solidify their position in Korea and expand into new markets.” Kim BongJin, CEO of Baedal…

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 Korean, MangoPlate will help you resolve your daily problem of where to eat by connecting you with trustworthy people as well as the best restaurants in South Korea.” Ryan Lee, Executive Director at Softbank Ventures Korea…