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TechCrunch is coming to Seoul for its 2nd Meetup event
224일 전

Last year, TechCrunch came to Seoul to host its first-ever Meetup, and is returning to Seoul on October 27, 2016 to host its second Meetup+Pitch-Off competition for Korean early-stage startups. “We had reside chats with tech leaders like Jimmy Jihoon Rim, the CEO of Kakao and Bedy Yang, Managing Partner at 500 Startups. Our first Pitch-Off winner, BBB, a pioneering mobile health company, has already raised $5 Million in Series A funding this…

John Jung CBO of Kakao to Present at MWC 2016
462일 전

Kakao Corp., the provider of mobile messaging platform Kakao Talk and Korea’s successful on-demand service Kakao Taxi, announced that its CBO John Jung will be presenting at the 25th of Feb at the Mobile World Congress 2016, taking place in Barcelona Spain. John will be speaking at the ‘Personalization and the On-demand Economy” conference session, which will take place at Auditorium 3 in Hall 4 of Fira Grand via (the MWC venue), starting at 11…

Fiscal Note acquires political analytic application company MyCandidate
622일 전

On the 10th September, FiscalNote announced its acquisition of Korean political analytic company MyCandidate. FiscalNote provides services of real time legal and policy data analysis. Similarly, the South Korean company MyCandidate specializes in analysis of political candidate campaigns through their developed and services application. This acquisition is expected to boost the access of open legal and government data from Asia through  MyCandidate that tracks and collects information of political campaigns and summarises…

NEOFECT shows how a robotic glove can help stroke victims
624일 전

Editor’s note : This article ‘NEOFECT shows how a robotic glove can help stroke victims’ was orginally published by e27’s Elaine Huang Meet NEOFECT, a South Korean tech company that wants to change the face of rehabilitative therapy for victims of stroke and other brain trauma. Founded by Hoyoung Ban, who is also the CEO, NEOFECT is doing that with RAPAEL, a US$1,000 robotic glove that runs on Android and connects to…

Make your own viral video ads to entice users with Hooreel
628일 전

Editor’s note : This article ‘Make your own viral video ads to entice users with Hooreel’ was orginally published by e27’s Elaine Huang Late last month, South Korean startup IndieCF launched its first iOS application Hooreel which promises to let anyone and everyone with a smartphone “create their own viral marketing videos”. The free app is specifically targetted at business owners who might not have the equipment, resources or expertise to create…

HelloWorlds’ ChulGaBang, an integrated platform for food delivery businesses, receives a $2.7M investment
639일 전

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,…

Daum Kakao Accelerates Mobile Innovation; shifts from current Co-CEO structure to single CEO
652일 전

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…

SparkLabs 5th Batch’s Demo Day Reflects Korea’s Continued Startup Hot Streak
701일 전

SparkLabs (www.sparklabs.co.kr), Asia’s leading startup accelerator, is hosting their fifth demo day in Seoul, Korea. With over 1,700 people registered to attend, startup fever in South Korea is reaching an all-time high. “We expect to break the attendance record with over 1,000 people attending our 5th demo day. This is a testament to our track record of selecting promising startups and helping them grow into great companies. The SparkLabs demo day has…

SoftBank to Invest $1 Billion in Coupang, Korea’s Largest Online Retailer
716일 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…

James Jung of beSUCCESS sheds light on Korean startup opportunities
747일 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…

SundayToz Initiates $30 Million USD ‘AniPang Fund’ To Support Startups

Korean gaming company ‘SundayToz’ and The Ministry of Science, ICT and Future Development and have created the ‘AniPang Fund.’ The fund will be aimed at startups in the following fields: Gaming, Social, digital content, platform based technology and contents based technology. The ‘AniPang Future Contents Investment Association’ will operate under the management of Smilegate Investment. While the fund will primarily focused on startups in Korea, a representative from SundayToz has confirmed that they are…

5 Myths About Asian Startups – The Importance Of A Global Perspective

[This article was originally published on Forbes] I was in Asia last week to attend a Demo Day for startups that participated in a two month acceleration program through DEV Korea where I serve as a principal. These companies had split their time between New York and Seoul in order to gain a global perspective that could be applied to their ventures while they were still in a formative stage. This is…

Korean Government Plans Easing of Fintech and IoT Regulations To Encourage Growth
891일 전

As reported by Business Korea, the  Korean government recently announced that it plans to relax regulations on new innovation-driven industries, including as financial technology (fintech) and the Internet of Things (IoT). This is a positive regulatory signal for local startups in these industries that have struggled against regulation. It also bodes well for the new startup accelerator in Seongdo, that will run its first hardware / IoT / Smart home program in 2015. At…

Korean Tech Startups and SMEs Lost USD$5.6 Billion in Unprotected IP Between 2011 & 2013
896일 전

According to the Korea Small Business Institute, small and medium enterprises running their own research institutes suffered from a technology outflow worth $5.6 billion between 2011 and 2013. The amount was equivalent to 58% of their R&D expenditures for the same period. The sales decrement caused by the tech leak was $2.27 million on average, or around 20% of annual sales. However, despite knowledge of the problem, most companies have not make…

beSUCCESS Talks With Tapjoy & 5Rocks About Their Recent Merger, And Ongoing Integration

  “The Core of Mobile Advertising is Demand Estimation” Tapjoy, the company that recently acquired 5Rocks talked with a beSUCCESS editor about their first jointly produced product. In August this year mobile game analytics company 5Rocks from Korea was acquired by USA-based mobile advertisement platform Tapjoy. With 14 overseas branches and 600 million users per month Tapjoy is the world’s largest mobile advertisement company. Complimenting this portfolio, ‘5Rocks’ is an exemplary mobile…

One of Korea’s Top Accelerators – KStartup
  ·  907일 전

“The upcoming two years will be a defining point for the Korean startup ecosystem” KJ Byeon, KStartup Started as a pilot program in 2012, Kstartup officially launched in January 2013 and is now regarded as the biggest acceleration / incubation program in Korea. Supported by both Korean and American corporations (including Google, Banks Foundation for Young Entrepreneurs, and SK Planet), it focuses on early stage startups that aim to build global companies. Founders are…

One of Seoul’s Top Accelerators – DEV Korea
  ·  907일 전

Another promising initiative is Digital Entertainment Ventures (DEV). Launched in New York in 2012, DEV focuses mainly on media, entertainment and platform businesses, and only recently expanded to Korea. According to Kaine Kim the Co-CEO of DEV Korea, Seoul seemed to be the most suitable place for setting up a new office within the Asian market. This is in part due to the growing support of the Korean government, and the President’s…

One Of Korea’s Top Accelerators – Sparklabs
  ·  908일 전

“What separates us from other accelerators in Korea is the fact that we focus on global startups. You might say that everyone wants to go global, but startups in Korea are very focused locally.”                                                                                                                             Eugene Kim, SparkLabs Founded in December 2012, SparkLabs provides a small investment, mentoring and workspace in exchange for an equity stake in a company. The equity investment is equal to $25K and the equity stake…

One Of Korea’s Top Accelerators – Future Play

“We are trying to come up with a realistic solution to help startups to relocate overseas. We are going to completely reimagine what people have done so far. We are going to determine what startups truly need.”                                                                                                                           Steven Baek, FuturePlay Founded in early 2014, FuturePlay focuses on funding early-stage tech startups. The company believes that in order to understand the market properly and have a solid basis, a…

One Of Seoul’s Top Accelerators: The Ventures
  ·  909일 전

“We think about ourselves more as a tutoring-based approach, a one-to-one approach”  Mark Tetto, The Ventures The Ventures was founded early in 2014 by Changseong Ho and Jiwon Moon, who formerly created Viki, a community-driven distribution platform for TV contents. The company was acquired last year by Japanese Rakuten for $200 million. The Ventures works very closely with startups for an un-specified period of time. Startups receive office space, mentoring and professional…