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SangBong Suh, the head of Smilegate Orange Farm center, helps Korean startups to go to China
  ·  338일 전

If a person comes for the profit goes for another profit, a person bows for a power searches for another powerful men. Only the person comes for the mind lasts forever.” – from “The Rise of the Great Nations” by SangRae Cho. Smilegate group(CEO HyeokBin Kwon) is famous for a FPS game called ‘Cross Fire.’ Cross Fire which has 500million global users, 6million users for concurrent user, successfully localized the game in…

Cherubic Ventures Announces US$ 120 Million Fund And The New Shanghai Office As Its Global Headquarter
437일 전

Cherubic Ventures kicked off 2016 with an annual summit in the glamorous Shanghai, where East meets the West. More than 200 guests from its portfolio companies, partners from top venture capital firms and business partners all attended to share their thoughts on the opportunities and challenges in the early-stage tech investment space in the world. As an early-stage venture capital firm with coverage across U.S and the Greater China region, Cherubic Ventures…

Five of Kakao’s Daum Webtoon Titles to Appear on Chinese Screens through Partnership with Huace Group
437일 전

Kakao today announced that it partnered with Huace Group, China’s number one comprehensive film and TV media group, to bring five of its popular Daum Webtoon titles to the screens in China. Kakao and Huace group signed deals for four of its webtoons, with one additional title to follow imminently. Daum Webtoon is Kakao’s web comic platform which first introduced the concept and format of ‘webtoons’ in 2003. Since then, it has…

Social Network, specialists in Korean trend contents secures investment to back its China strategy

Social Network, a specialist platform servicing Korean trends (wave) has secured an investment of US$4.3m (KRW 5b) from Korea Investment Partners, Mirae Asset Investment, POSCO technical investment and Intellectual Ventures. In 2012, Social Network secured their early stage investment of the same amount from Travel Doctor, Shinhan Bank and Hong Kong’s Evo Revo. The total amount for investment is now close to US$9m (KRW 10b). Productions from Social Network includes; Sketchup, the top…

Altos Ventures invests $3M into beauty eCommerce company HuiSeoul

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…

The Korean Gaming Industry Doesn’t Stick Out As One That Needs Support… But They’re Getting It
887일 전

According to an article on Business Korea, the Korean government is planning to invest at least $209 million USD over the next five years to promote the growth of the game industry. This comes in a year where game developer 4:33 Creative Labs raised around $110 million USD from Tencent / Line, Smilegate bought a $110 million USD stake in Sunday Toz, Devsisters went public at a $627 million USD valuation, we announced…

Chinese Language Education Company Chinada secures $1 Million USD from Soft Bank Ventures

Based in Seoul, Chinese language education company CHINADA have secured $1 million USD from Soft Bank Ventures and Coolidge Corner Investment. Their digital educational program ‘Chinatan’ is unlike other typical systems that focus on grammar and reading. Instead it is aimed towards improving conversational skills. It simulates real life situations, such as markets, restaurants, university campus, hotels, etc. This allows students to experience day to day situations experienced by locals. To build…

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 are beginning to target the Chinese mobile gaming market, in partnership with Tencent. In a new trend for the Chinese internet giant, Tencent is now actively opening its doors to Korean companies interested in entering the…

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 conditions, it is likely that the Korean gaming market growth will have stalled by 2015, so Korean game companies are also actively looking for growth engines, particularly in overseas markets. It is also widely recognized that…

Top Weekly Tech News Highlights From Korea
934일 전

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 trillion won (a little less than $400 million) in the third quarter of this year. According to the OnlineShopping Trend report released by the National Statistical Office on October 31, the volume of total online shopping…

Meet These Korean Startups Pursuing Opportunity In China
946일 전

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, fear is being replaced with confidence and success stories are beginning to emerge. In addition, Chinese-Korean relations have never been better, and I expect that in the years to come great opportunities for cross-border opportunity will…

Tribeluga, Korea’s Newest Startup Accelerator, Opens It’s Doors To Founders Eyeing China
952일 전

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 glitzy opening event in Seoul that attracted media from across the globe. Dignitaries from the US, Korea and China, including the Mayor of Palo Alto also attended. The event was arranged to officially open the accelerator,…

Seven News Items From Korean Tech This Week
962일 전

1. Korea comes in 2nd place for the fastest internet speeds, 1st in other metrics According to a recent report by Akamai Technologies, South Korea’ average peak connection speed was 72.1 Mbps, lagging behind Hong Kong with 73.9 Mbps. Despite this result Korea remains top in the world for a number of other internet speed metrics including, highest average connection speed (24.6 Mbps). Hong Kong is the runner-up in this metric, at 8.9…

Chinese Smartphone Manufacturers Set To Invade Korean Turf For the First Time
966일 전

As reported in Business Korea, Chinese handset maker Huawei is launching a mobile handset offensive against domestic powerhouses Samsung and LG, in the Korean market. The company will begin their invasion with a new flagship smartphone, set to compete with the more economical domestic options. Samsung Electronics will also make a stronger effort in the Chinese market to increase its market share, particularly in premium level handsets. Huawei is planning to target…

New Global Strategies Required For Korea To Realize Opportunities In ICT
967일 전

For as much as the last fifteen years Korea has been emerging as one of the front-runners in global tech innovation, but has failed time and time again to capitalize fully on the opportunities. Smartphones, 4G mobile internet, MP3 players, social networks, and mobile payments are just a few examples. Nowadays, the U.S. and China, not Korea, are spearheading the growth of these markets and Korea is at a dangerous position, likely…

SMATOOS Releases A New Tool to Help English Language Learners Sound More Natural
1070일 전

[metaslider id=”17793″] After the successful releases of BeNative apps in Korean, Japanese, and Chinese, SMATOOS is expanding its service with Speak Real English, an “English to English” learning application that helps English language learners practice through video lessons. With this app, SMATOOS hopes to provide an alternative to stuffy textbook learning and offer support to help users cultivate practical and natural-sounding English skills. “Speak Real English” features video content of real native English speakers filmed around…

Korean personalized Travel Guide Service, MyRealTrip, Raises $980k, Plans China Expansion

MyRealTrip, a Korean startup that provides overseas travelers with personalized guided tours in thier mother tongue has just announced their third round of funding. SmileGate Investment led the round, contributing 70% of the funding, with Capstone Partners joining. This Series A round has provided an injection of almost $1M to help the company build out their Android and iOS mobile apps and expand to include Chinese travelers visiting Korea, as well as…

Register today for 20% off GMIC – Asia’s Largest Mobile Conference
1134일 전

Established in 2009, the Global Mobile Internet Conference (GMIC) Beijing is arguably Asia’s most influential mobile industry conference. Taking place on May 5-6, 2014, GMIC will attract over 10,000 mobile industry executives, entrepreneurs, developers and investors from 30+ countries. This year, as part of our partnership with GMIC, our own Global Director, Nathan Millard, will be moderating a panel with four of Asia’s top investors from Korea, Japan, and China to discuss…

Malang Studio Clinches Second Place At Mobile App Competition In China
1368일 전

One of the leading app developers in Korea, Malang Studio, won second place at the 2013 National Mobile Application Competition held August 24-25 in Beijing, China. Malang Studio was the only non-Chinese finalist and winner at the event, which was open mainly to local Chinese app developers. Last month we wrote about Malang Studio, creators of the popular alarm app, AlarmMon, and it’s heavy focus on gamification, something that seems to be…

PRISM: Why Global Citizens Are Concerned
  ·  1445일 전

We thought it’s about time we wrote about the U.S. National Security Agency’s PRISM program, the latest phenomenon around the world today – and yet, it’s old news, because information is and has always been the ultimate power. This issue is quite divisive – some people care, some people don’t, some people think you ought to care. What do you think about the PRISM issue? What is PRISM? PRISM is an electronic…