Korea Startup Ecosystem
Korean Government Plans Easing of Fintech and IoT Regulations To Encourage Growth
949일 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
955일 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
  ·  965일 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
  ·  966일 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
  ·  966일 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
  ·  967일 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…

Here’s A Look At Seoul’s Top Accelerators, Unlocking Korean Startup Success

Seoul, with its rapidly growing startup ecosystem is gaining precedence as one of the most promising entrepreneurial hubs in the world. Home to two of the most influential global tech leaders, Samsung and LG, the perception of Seoul has traditionally been of a corporate hub. But this is now rapidly changing, as a new breed of tech startups rise and as the big boys begin to plateau. South Korea is now rapidly…

Korean Startups Are Hot This Year. Here’s a Look at The Top Accelerators Powering Their Success
  ·  980일 전

Seoul, with its rapidly growing startup ecosystem, is gaining precedence as one of the most promising entrepreneurial hubs in the world. Home to two of the most influential global tech leaders, Samsung and LG, the perception of Seoul has traditionally been of a corporate hub. This is now rapidly changing, as a new breed of tech startups rise and as the big boys begin to plateau. South Korea is now rapidly moving…

Yello Mobile Announces $100M Investment From Formation 8, Achieves $1Bn Valuation

Yello Mobile has today announced an investment of just over $100M from Formation 8 Partners . The investment was made as a result of Yello Mobile’s opportunity to continue to grow into overseas markets. It is expected that the company will utilize Formation 8’s extensive networks and experiences from Silicon Valley, in order to lead the Asian mobile market in the future. Yello Mobile now have 50 ventures in their alliance, having…

Korean Security Startup ‘Lockin Company’ Promises High End Mobile Security For Startups
997일 전

Lockin Company is a Korean ‘mobile application security company’ that has targeted smaller app developers who struggle to afford the more expensive app security services from larger providers. They have recently launched their cloud-based SaaS security service. How it works: App developers upload their package data with their application’s source code to Lockin’s cloud servers. the security layer is then added by Lockin’s technology and sent back to the developers, before being released…

This Korean Startup Is Capitalizing On K-Pop Fever, Attracts 1 Million Users in 7 months
999일 전

In many countries KPop and other Korean cultural content, such as dramas and movies are all the rage. While much of this content is available on YouTube and services like DramFever and Viki, there is also a plethora of online music services tapping in to the popularity of KPop music. Beat Packing Company is a new startup in the space that aims to bring KPop to the world through their online music…

Softbank Ventures Assesses The Korean Startup Ecosystem

Softbank Ventures Korea is one of the most established and successful Venture Capital companies in Korea. Outstanding successes include Sundaytoz and Sunnyloft (acquired by Kakao), and there are dozens of other portfolio companies that are rising stars in the Korean scene. Softbank Ventures is a 100% subsidiary of Softbank Corp. in Japan and manages a $250M fund. The fund is based in Korea, but they take care of investments across Asia and…

Meet Yello Mobile, Aiming To Be Asia’s Top Mobile Platform Company [Part 2]

Only three years after the first acquisition Yello Mobile has raised $78M, is nurturing an alliance of 35 startups, is profitable to the tune of $1.5M per month and plans to IPO next year. This is surely one of the most exciting startup stories in Asia this year. Here is part two of a two part article about their founding story, growth, and ambitious plans for the future. Click here for part…

Yello Mobile – Perhaps Asia’s most Exciting Startup Story This Year [Part. 1]

Only three years after the first acquisition Yello Mobile has raised $78M, is nurturing an alliance of 35 startups, is profitable to the tune of $1.5M per month and plans to IPO next year. This is surely one of the most exciting startup stories in Asia this year. Here is part one of a two part article about their founding story, growth, and ambitious plans for the future. Part 2 coming tomorrow….

Meet These Korean Startups Pursuing Opportunity In China
1004일 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…

Is The Korean Government Doing Too Much in Support Of Entrepreneurship?
1004일 전

“We look forward to another success story with startups here in Daejon,” said President Park Geun-hye during a ceremony to launch yet another innovation center in Korea. While government support for Korean startups has been impressive, is it time for the politicians to take a step back? At some point the ecosystem must be allowed to develop of its own volition and startups surviving off the back of government handouts alone must…

After Resounding Success in Beta, The World’s Top Couple App ‘Between’ Launches On PC
1005일 전

VCNC, the developers behind couples app Between today announced the release of their PC version. The world’s leading mobile couples’ app was previously only available on iOS and Android. The addition of the PC version will enable couples to continue their conversations on their desktop or laptop computers. “As the leading platform for couples, we can not ignore the 8 hours that couples spend daily on desktop computers. The development of Between’s PC version…

Tribeluga, Korea’s Newest Startup Accelerator, Opens It’s Doors To Founders Eyeing China
1009일 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,…