Korea
Korea launches ‘Startup Campus’ in Pangyo
458일 전

South Korea opened its largest startup complex near Seoul on Tuesday as part of its efforts to boost promising local startups and attract foreign companies. The “startup campus” in Pangyo, just south of Seoul, is designed to nurture more than 200 startups, offering workspace and consulting services for capital funding, according to the Ministry of Science, ICT and Future Planning. They include the Yozma Group, an Israel-based global venture capital firm, and TEDCO,…

Mass Challenge is open to Korean startups now
462일 전

KOISRA Seed Partners, the first Korea-Israel Seed Fund and Accelerator and Mass Challenge based in Boston with satellites in the UK and Israel, signed on partnership agreement last week in order to develop the Korean-Israel startup eco-system. For the first step of collaboration, KOISRA Seed Partners will help Mass Challenge attract Korean startups to participate in its acceleration program in Israel during July~October 2016. The finalists of the acceleration program will enjoy the global mentoring, office…

LEE SEDOL WINS AGAINST ALPHAGO IN GAME FOUR
470일 전

At today’s fourth game in the Google DeepMind Challenge Match, the best Go player of the last decade, Lee Sedol, came back from three consecutive losses to beat the Go-playing computer program, AlphaGo. Playing as white, Lee won when AlphaGo resigned after 180 moves. Reporters gave Lee Sedol a standing ovation as he entered the press conference. Lee commented, “I’ve never been congratulated so much just for winning a single game. I…

5 Fintech Startups to watch in Korea.
551일 전

Huge institutions, archaic systems and lots of money at stake. These are the conditions that have brought tech entrepreneurs to the wildly exciting and growing arena of financial tech.Both venture capitalists and Wall Street are rushing into the space, investing $10.5 billion in fintech startups during the first nine months of 2015, up from $3.9 billion in the same period last year. and For Korea, If the government were willing to lower barriers…

Additional US$4.3m investment for tailored men’s fashion O2O startup ‘Stripes’

Stripes, an O2O startup offering tailored men’s fashion has secured additional investment US$4.3m. On the 2nd November, the company, determined to become a comprehensive brand for men’s fashion launched its first oversea branch in Singapore. Lee Seung Jun from the company commented, “After studying the Asian market, we determined a high consumer preference towards Korean products”. The company plans on further oversea launches following the acquisition of ‘Dream Factory’ a manufacturer of luxury…

The Most Powerful Korean Corporation (Chaebol) You’ve Never Heard Of
589일 전

Editor’s note: Senior Director Corporate Development at Baedal Minjok I. There is a Chaebol in Korea that is nameless. No HQ, no CEO, not even an email. It has massive worldwide influence; setting trends in Asia within a matter of hours. The nation’s economy fluctuates with the slightest movement of this corporation. The organization’s dominant power and reach far surpass the ranks of Samsung, LG, and Hyundai. Combined. There is not a…

Simfler, developer of parenting app BabyTime, secures US$800k investment from TheVentures

Simfler have developed an app called ‘Baby Time’ which is designed to  make parenting simpler and easier by managing the associated parenting activity data.  The app records and manages activities like feeding intervals, sleeping periods and nappy change times. Along with this essential data, the app provides relevant advice and information on child growth phases, customized growth diary and lullabies. The app features an intuitive interface allowing the user to record a…

beGLOBAL 2015 Screening Wraps Up – 20 Amazing Startups Get Ready to Go Global

The second screening session for beGlobal Seoul 2015 was held in D.Camp on May 13. After a grueling day, our judges nominated the top 20 startups whom will be appearing on the big stage at the DDP, May 14th. There were a variety of applicants ranging from hardware through software with even a few international startups participating and pitching via Hangouts.   The relay screening went from 9AM to 6PM. Judges Yongkil…

Altos Ventures Invests $2 Million USD In Global Video Messenger Startup ‘Hyperconnect’

Altos Ventures, headquartered in Silicon Valley, has invested $2 million USD in Hyperconnect, the developer of live time video communication technology and the service host for the video messenger ‘Azar.’ Hyperconnect has developed a very distinct client/server technology stack for WebRTC based real-time video/voice communication. It is very secure and reliable for various settings in 200 countries with very high quality video chat. The technology is built on P2P so the management…

Korean In-Car Navigation Startup Launches Augmented Reality Driving System
910일 전

A leader in navigation solutions from Korea, Thinkware, has developed a new product with imbedded augmented reality technology. The new iNavi X1 model allows the driver to view the actual image of the road on which they are driving and see a range of useful traffic information. The company in Seoul unveiled the “iNavi X1” that combines augmented reality with advanced driving assistance system (ADAS). The AR solution called “Extreme AR” within…

‘Timeline Dungeon’ Developer NOVN Secures Investment from NC Soft

‘Timeline Dungeon’ developer NOVN have announced that they recently received $500k USD from NC Soft. As NC Soft expands its business interest from game and contents to a range of other entertainment areas, this investment will enable NOVN to release Timeline Dungeon in January 2015. This investment follows up a seed round of funding from ‘The Ventures’. NOVN’s Timeline Dungeon plans to open a new genre with their first title. It is…

Can Korea Rise To The Challenge Of Global innovation Leader?
915일 전

“When it comes to innovation Korea is a global leader” – Mark Zuckerburg The above statement comes from a speech Mark Zuckerberg, Facebook CEO delivered recently, and demonstrates a changing tide of thought about Korea. No more the ‘Land of Morning calm’ it once was, Korea is emerging emboldened onto the world stage, ready to prove itself, no matter what. My recent article described Korea’s top accelerators and their efforts in providing…

Top Business Card Organizer ‘Remember’ Secures $2 Million USD

Jae-ho Choi CEO of Drama & Company has announced that their business card organizing app ‘Remember’ has secured $2 million USD from Daekyo Investment, CyberAgent Ventures, and Capstone Partners. This is the second round of funding for the company this year, after Capstone Partners invested $1 million USD. The additional funding will help them prepare a stable foundation for ongoing service development and management. Unlike the previous OCR based business card organizing…

Jandi Helps You Effectively Communicate With Your Team, Raises $2 Million USD Angel Funding
917일 전

  As announced in Sparklabs Bi-Monthly Review, Korean startup Jandi confirmed that it has raised an angel round of nearly US$2 million, co-led by Softbank Ventures and Cherubic Ventures. Jandi is a business communication platform for PC, iOS, and Android devices that allows teams to securely and instantly communicate while also easily being able to share files, search through past messages, and more. There are, of course, other apps that address these concerns,…

SK Innovation And Woowa Bros Picked Among Korea’s Best Places To Work
917일 전

Recently Job Planet and Fortune Korea co-hosted ‘Korea’s Top 50 Working Environments’ at the Grand Hyatt Hotel in Seoul. A studyvwas conducted of both large scale companies as well as small & medium sized enterprises, including the startups. From April to November a short list of 792 was chosen from a total of 140,000. After final assessment, 50 companies were awarded on the night. The criteria to select the most satisfying work…

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…

The Korean Gaming Industry Doesn’t Stick Out As One That Needs Support… But They’re Getting It
920일 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…

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…

This Korean Startup Allows Developers To Add Voice, Video, & Chat To Web/Mobile Apps With A Few Lines Of Code

‘Appspand’ is an advanced communication service, allowing voice, video, and chat to be added to any web/mobile app, with a few lines of additional code. Uberple was founded in Jan 2013 with the vision of dramatically improving communication within the financial services industry. This need was borne out the founder’s experience of crude tools available for communication both internally and with clients. While their scope has been broadened to embrace opportunities in…

This Korean Startup Brings Computer Science Education Into The Digtal Age
923일 전

The programming and Software education market is booming in Korea. Starting from next year, domestic software education will become mandatory for middle school students, and by 2018 it will become part of the national curriculum for elementary, middle and high school. And Korea is not the only nation focusing on this area, with governments across the globe aiming to bake computer science into standard education. For example, as of this September computer…