Korea Startup Ecosystem
beLAUNCH 2014 Speakers Provide Their Feedback An Amazing Event For Asian Startups and Tech, May 14-15
1169일 전

I got in touch with some of our top speakers in the run-up to beLAUNCH next week and was quite blown away by their enthusiasm for coming to Seoul to see for themselves why Korea is blowing up in the global startup consciousness. Below are a few of these quotations: Eric Migicovsky, CEO Pebble “It has been interesting to see the emergence of Korea as one of the most important high-tech nations…

500 Startups, Gangnam Style!
1171일 전

500 Startups: Asia is all about the mobile internet. And one particular country, home of amazing food and amazing connectivity has quietly been a technology leader not just regionally but worldwide. That’s right, I’m talking about Korea: home of 2NE1, PSY, Samsung, and a quickly growing tech startup scene. For a country of roughly 50 million people, Korea is disproportionately important in technology. Did you know that it was ranked second in the world…

An Angel’s Perspective on Investing In Korean Startups

Aviram Jenik is a rare entrepreneurial breed in Korea. He has built and exited two global companies and his third venture, Beyond Security, is working steadily towards an IPO in the US. In his free time Aviram makes Angel Investments in and coaches Korean entrepreneurs. I caught up with him recently to learn about his experiences as an Angel Investor in Korea. Disclaimer: Ok, before you think you’ve missed something, Aviram is…

Food Delivery App War in Korea Heats Up: Yogiyo Vs Baedari-Minjok
1176일 전

Food delivery in Korea is among the best in the world, and there are now two heavyweights battling it out for ultimate supremacy. Yogiyo was founded by Team Europe as a quasi-copycat app to the existing local player, and allows ordering by either calling the restaurant directly or by using an in-app quick messaging service. As a foreigner, the addition of the quick messaging service is really handy. It means I don’t…

What You May Not Have Known About Korea, ‘Land of the Morning Calm’ & Now Startup Hub in NE Asia

Korea, once referred to as the ‘Land of the Morning Calm,’ is emerging as one of the key startup hubs in Asia. I have witnessed firsthand the exponential pace of change in this once conservative and shy nation over the last ten years, and I am encouraged by the hunger with which local founders are embracing the challenge and opportunity presented by entrepreneurship. As predictable and arduous corporate careers begin to lose…

K CUBE Ventures: How This VC Became a Startup’s Best Friend

Investing in Korean startups can be a tough job for Venture Capitalists. Despite amazing growth over the last two to three in the venture ecosystem, we will have to wait for a further five years or more to see the fruits of this second push for a creative economy in Korea over the last ten years. As we know, VCs base their earning potential on few successful investments that can generate enormous…

A Year of Success in the World of Cookie AWWWESOMEness : The Cookie Run Art Team
1197일 전

Last week Cookie Run, one of the most popular mobile games in Korea, celebrated its one year anniversary after a year that has been huge the game and the developer team behind it. The game has seen four consecutive quarters of outstanding revenue and two months ago released on LINE. Since this global release, Cookie Run had over 10 million downloads in Thailand alone, and the game continues to dominate in Asia…

Facts That Make The Korean Startup & Tech Environment One of The Most Interesting in Asia

This article gives a round-up of recent news from the Korean startup and tech environment. Please feel free to suggest updates and additional news. If you want to check out Korea for yourself, we suggest coming to Seoul, May 14-15, for beLAUNCH, Korea’s top tech and startup event. While the event is based in Korea we welcome startups from across the world and have secured a top line-up of global speakers who…

Discover Korea’s Top Startup Event in May: beLAUNCH Agenda Now Live!
1198일 전

May 14-15 sees the return of beLAUNCH, Korea’s top tech and startup event for the Global Entrepreneurship Community. This year the event will be held in the brand new and impressive Dongdaemun design Plaza in the heart of traditional Seoul. Now that we are only a few short weeks away from launching the event we are able to officially release the full agenda for the conference that features some of the biggest…

Wearables, Med-Tech & Devices, and Mobile Gaming Come to The Fore at Sparklabs Third DemoDay in Korea

SparkLabs, a startup accelerator in Korea, hosted its third Demo Day in Seoul yesterday.  While startups in earlier batches were all based in Korea, the most recent session welcomed companies from Chicago, San Francisco, Tokyo and Seoul and sought to disrupt a wider range of industries from mobile music to wearable tech to professional online photo distribution, than previous batches which predominantly focused on mobile and e-commerce. This sets a trend which…

Korean Startup, Malang Studio, raises 2.0 billion KRW For Expansion From Yellow Mobile

Malang Studio, well known for their popular alarm app, AlarmMon, has recently raised 2.0 billion KRW (aprox. $1.9M)  in its latest fund raising round from Yellow Mobile, a leading local mobile-centric company who’s business portfolio ranges from mobile commerce to media/publishing and marketing/advertising. This fund raising by Malang is the latest of the series of milestones that the company has accomplished in recent months. Early this year, the company achieved a break-even in its monthly financial…

Korean Accelerator SparkLabs Recent Batch Graduates, Here’s Four of The Best
1199일 전

Review of The Best of Sparklabs Session 3 Startups, from beSUCCESS Writer Christine Bernard 1Day1Song is a Korean music discovery app. For a full day, the app will play a song from its artist of the day and will then display an exclusive background information provided by the performer. They have already launched on iOS with 64,000 users, and will launch on Android this summer. The app will also be launched in…

What Made Silicon Valley’s DFJ Make a Follow-on Investment In A Bitcoin Startup From Seoul

Coinplug, one of Seoul’s foremost bitcoin startups has just announced that they have raised a second round of funding from Silicon Valley VCs, to the tune of $400k. This replicates a funding round that the company received just last November for the same amount. What is also impressive is that both rounds have come from Silicon Valley based Investors, a once rare occurrence for Korean startups. This story also follows news we…

Introduction to Top 100 Korean Tech Startups You Should Know: Part 5
1205일 전

Finally, we’re back after some pause! It seems like we have some great lineup of startups for our list today. Some of the tech companies mentioned here are really hot in the Korean startup scene at the moment. I was personally impressed by these companies while writing the piece, and I’m sure you want to know them if you’re interested in Korean startups as well. If this is your first time reading…

Korea’s Pivotal Moment As Entrepreneurship Takes Centre Stage
1209일 전

In January in Davos, Switzerland, South Korea’s first female President, Park Geun-Hye pushed forward with a multi-billion “Creative Economy” policy. Although Korea has seen a great rise in GDP and living conditions in the last 50 years, President Park now believes the current economic growth environment in Korea has reached its limit, and just like startups often need to, she has decided to pivot the Korean economy to embrace innovation as a…

Korean Gaming Heavyweight, Smilegate, Buys $112 million stake in Sundaytoz, Becomes Biggest Share Holder

Smilegate, Korea-based maker of online games, has just announced a $112 million buyout of 20% of Sundaytoz’ stock in a move that makes the company behind global success, Crossfire, the largest stake holder. Smilegate is one of the most successful players in the Korean online gaming industry. For the last last two consecutive years Smilegate has been the proud owner / developer of the world’s highest grossing online game. Crossfire, with revenues of…

Life Moves Fast at Korean Startups, Shakr Media’s Newest Hire Shares His Experience
1212일 전

Within two weeks of joining Shakr, a Seoul and San Francisco-based video creation startup, I was on a 4:00 p.m. flight to San Francisco to represent the company at Google’s annual conference for it’s biggest advertising partners. The plane touched down at 9:00 a.m., I went into the bathroom at the airport to put on a suit, grabbed a “you might need two hands for that” sized black coffee, and went straight…

Introduction to Top 100 Korean Tech Startups You Should Know: Part 4
1214일 전

Demoday, a web platform for Korean Startups, recently came up with a list of 100 hot Korean startups in 2013, and we thought this might be a great chance to write an introduction to the Korean startup world. Every week, we will introduce you to 20 startup companies that got into the list in alphabetical order. Here’s the first 10 companies of our list for this week: Handstudio Category: Contents Key People:…

Introduction to Top 100 Korean Tech Startups You Should Know: Part 3
1219일 전

Demoday, a web platform for Korean Startups, recently came up with a list of 100 hot Korean startups in 2013, and we thought this might be a great chance to write an introduction to the Korean startup world. Every Tuesday and Thursday, we will introduce you to 10 startup companies that got into the list in alphabetical order. Here’s our list for this week: Cosmic Color Category: Commerce Key People: Jerry Yang…

Introduction to Top 100 Korean Tech Startups You Should Know: Part 2
1221일 전

Demoday, a web platform for Korean Startups, recently came up with a list of 100 hot Korean startups in 2013, and we thought this might be a great chance to write an introduction to the Korean startup world. Every Tuesday and Thursday, we will introduce you to 10 startup companies that got into the list in alphabetical order. Here’s our list for this week: BCNX (Ads/Marketing) Key People: Dae-gyu Chang (Co-founder, CEO), Young-uk…