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‘ELEVEN:ZULU CAPITAL’ Opens Its Door for Asian Startups
391일 전

ELEVEN:ZULU CAPITAL, a new VC from Los Angeles, Calif. announces today that it officially opens to accept investment proposals from startups in Asia and in the US. “The space is crowded. There is so much money. As a result, the valuations of most US startups have gone through the roof. However, we know that there are still many other ecosystems in different parts of the world, whose startups are equally capable but just much undervalued…

Opportunities And Threats In Korea’s Blossoming E-Commerce Market
862일 전

Social Commerce In Korea Is A hot Topic These Days With Coupang’s Recent $300 Million USD Fundraise – Here’s a Review of the Market from our friends at Business Korea. In May 2010 social commerce arrived in Korea, thanks to local player, TMON. In the same year two other local players also started operations, Coupang and. Four years later, three companies are still operating at a loss, engaged in fierce competition. Coupang has…

Kakao Wallet, A New Mobile Payments Solution From Kakao Corp. Should be Here in Septmber
1007일 전

Kakao Corp., the company behind Korea’s biggest mobile messaging platform, aims to launch a wallet service in the next few months. This is the most recent addition to the Kakao platform, as the company continues to diversify its portfolio of services for users. It is hoped that Kakao Corp.’s namesake payment platform ‘Bank Wallet Kakao’ will help boost the ironically nascent mobile wallet industry in South Korea. Ironic, because Korea is praised…

Coupang, A Korean Next-Gen E-commerce Platform Raises $100M From Sequoia Capital, Reaches $1Bn Valuation

Coupang, a leader in next generation e-commerce based in Seoul Korea, has raised $100 million in financing led by Sequoia Capital, with participation by existing investors Greenoaks Capital Management, Rose Park’s Disruptive Innovation Fund and LaunchTime. This investment comes at a time when rumours about a possible IPO at some point in 2015 abound in the local Korean startup ecosystem, and follows in the same week that Korea’s other ‘mega-startup,’ Kakao Corp….

Top News Items From Korean Tech: Mobile Commerce Grows, Naver Shares Bounce Back, Pantech in Trouble
1148일 전

Mobile Shopping Users In Korea Exceed 20M For First Time A recent survey has shown that Koreans using mobile shopping applications has grown such that there are now more mobile shoppers than there are KakaoGame players in Korea. According to Rankey.com who conducted the survey, the number of shopping app users totaled 21.63M, as of January 2014. This figure is 2.7M higher than the number of KakaoGame Play users and represents a…

Google is Actually Doing Well In Korea, Catching Up To Local Players In Ad Revenue
1160일 전

Google, which has been relatively slow in expanding its market presence in South Korea, is now fast catching up to local rivals in display Ad sales (one segment of online advertising), according to industry sources. This news will be a surprise to many who have been watching Google’s advance in Korea with skepticism, as reported by beSUCCESS only a month ago.   This news will also fall sweetly on the ears of…