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Seven Curated Stories From The Korean Tech Industry This Week

  Samsung Ties Up With SK To Develop 5G   South Korea’s top mobile carrier, SK Telecom, said they are partnering with Samsung to develop the 5G industry, seeking early advancement in one of the highly watched…

864일 전
Softbank Ventures Korea Hold Their Second Annual Forum In Seoul

On October 16, SoftBank Ventures Korea held their second annual forum which presents their portfolio companies and vision to invited guests and the press. Our friends at Buzzvil, also a portfolio company of Softbank, were there…

866일 전
Wit.ai Raises $3M Seed Round Led By Andreessen Horowitz, Eyes Opportunity In Korea

As reported by TechCrunch, natural language platform wit.ai has announced a $3M seed round led by Andreessen Horowitz in a deal that has emerged shortly after the team graduated from Y Combinator. The company is tackling a…

867일 전
Tribeluga, Korea’s Newest Startup Accelerator, Opens It’s Doors To Founders Eyeing China

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…

868일 전
SoftBank Makes Good On Promise To Increase Its Entertainment Focus, Acquires Korean Drama Fever

SoftBank has just announced that they will acquire Korean TV streaming service, DramaFever, for an undisclosed amount. DramaFever is a five-year-old Korean startup that streams global TV shows and movies online. The company was founded by brothers Hyun and…

869일 전
Korea’s Sharing Economy Rocket-Propelled As Domestic Ride Sharing Service Gets $18M Investment

Correction: The ‘won figure’ for the investment originally quoted was wrong and should be 18 Billion won (not 180 billion won. The fugure of around $18 million is correct. Bain Capital has today announced that they…

870일 전
Weekly Korean Tech Round-up – 7 News Items That Caught Our Eye

Kakao Talk Promises that encrypted messeging will be available this year Daum Kakao, the operator of South Korea’s most popular mobile messenger Kakao Talk, said it plans to adopt a “privacy mode” in an apparent bid…

871일 전
In Korea’s Messenger Market, Will Security Trump Emoticons?

Until a couple of weeks ago Koreans had never heard of Telegram, the super-secure Berlin-based messaging app that is now causing waves. Telegram is attracting droves of Korean users away, for increased security. In Korea, KakaoTalk is installed on…

871일 전
Koreans Swarm To New Mobile Services, For Music, Payments And Security

Edited from Business Korea: Korea is once again proving to be a market where rapid adoption of new tech services (particularly mobile) can occur at phenomenal speed. Samsung’s Milk Music, Kakao Corp’s peer to peer payments…

873일 전
OnnuriDMC Develops Tech To Track Mobile Users In Real Time, Mobile Advertisers Rejoice

Sparklabs fourth batch recently kicked off and I had the chance to speak with one of their most promising startups, OnnuriDMC. OnnuriDMC operates a mobile advertising platform, CrossTarget, that the founders believe has solved a major…

876일 전
Korean Bitcoin Startup Devign Lab Secures Investment From K-Cube Ventures

K Cube Ventures, an early stage investment firm in Seoul, announced today that they have invested about $200K in Bitcoin startup ‘Devign Lab’. Devign Lab has developed a bitcoin market called Coinone. Devign Lab claims to be the first web…

877일 전
Seven News Items From Korean Tech This Week

1. Korea comes in 2nd place for the fastest internet speeds, 1st in other metrics According to a recent report by Akamai Technologies, South Korea’ average peak connection speed was 72.1 Mbps, lagging behind Hong Kong…

878일 전
Contentious Political Leanings and News Of A Successful Merger: A day In The Life Of Korea’s Top Messenger

One does not normally associate tech M&As with political strife. But the left leaning Daum and right leaning Kakao are facing exactly these issues on the day they announce their successful merger. Daum is Korea’s second largest…

882일 전
Chinese Smartphone Manufacturers Set To Invade Korean Turf For the First Time

As reported in Business Korea, Chinese handset maker Huawei is launching a mobile handset offensive against domestic powerhouses Samsung and LG, in the Korean market. The company will begin their invasion with a new flagship smartphone,…

882일 전
New Global Strategies Required For Korea To Realize Opportunities In ICT

For as much as the last fifteen years Korea has been emerging as one of the front-runners in global tech innovation, but has failed time and time again to capitalize fully on the opportunities. Smartphones, 4G…

883일 전
The English beSUCCESS Media Team is Hiring – Apply Now

3-month contract, with possibility of extension to a full time position Team: English Editorial Team Level: Junior team member How to apply: Please email your resume and cover letter to nathan@besuccess.com What is beSUCCCESS? beSUCCESS is…

885일 전
Applications Open For YES Challenge Korea 2014, Empowering Global Youth Entrepreneurs

SMBA (Small & Medium Business Association) & KOVA (Korea Venture Association) will jointly host 2014 YES Challenge Korea in Seoul, November 16-21. This global event is designed to inspire young entrepreneurs under the slogan, “Make it possible! Yes Challenger!”…

885일 전
Meet The Ten Billion Dollar Companies That Make Up The Korean Unicorn Club

Last December, Aileen Lee from Cowboy Ventures, identified 39 software startups that have reached valuations of over $1 Billion, and grouped them under the moniker of The Unicorn Club, in her landmark TechCrunch post. Since then,…

887일 전
A look into the beGLOBAL Startups: Keukey and Vingle

The second beGLBOAL in Silicon Valley, September 12th, clearly demonstrated that Korean entrepreneurship has come a long way in the last 12 months. Here we take a look at two of the companies that showcased at…

888일 전
Seoulites Who Crave Foreign Food Can Now Have it Delivered Thanks To YNot-Takeout

We have covered the blossoming food delivery market in Korea quite extensively on beTECH and while the market is firmly dominated by leaders Yogiyo and Baedal-Minjeok, there’s a new kid on the block, serving the growing…

889일 전