lang_en
TheVentures invests into insurance reversebid company MyRealPlan

If you’ve ever experienced the frustration in finding the right insurance plan then MyRealPlan is the solution you’ve been waiting for.  Of course, finding the right insurance plan is just the start, you then need to find the best value amongst the multitude of insurance service providers and their brokers, and the broker’s brokers.  But no need to worry, since MyRealPlan has this solved too, with their reverse bidding process, where insurance…

Korean travel startup, MyRealTrip receives investment from Silicon Valley company AltosVentures

  Korean travel tour and activity startup, MyRealTrip has revealed that it had secured additional investment through Silicon Valley company AltosVentures. For MyRealTrip, this new investment comes 1 year after the combined US$840 thousand investment from SmileGateInvestment and CapstonePartners in June last year. The funding will provide the needed foundations in launching the business globally. MyRealTrip was founded in 2012 as a travel startup offering locals around the globe the opportunity to partake…

Korean food delivery app Yogiyo receives additional investment of US$35 million from DeliveryHero
642일 전

  On the 25th August, it was revealed that Yogiyo a popular food delivery service app in Korea had received further investment of $35 million from DeliveryHero.  DeliveryHero is a German company that provides online food service solutions internationally. This brings the total investments into Yogiyo to approximately US$55 million. Through this investment  Yogiyo will direct their focus towards achieving the total satisfaction of their customers, through continued development and improvement to products and services….

Korean entertainment culture site, Soompi, acquired by Viki
648일 전

Korean entertainment site Soompi has been acquired by Viki in a deal rumored to be less than US $10M. Viki was a startup that was purchased by Rakuten in a huge US $200M deal. This time, Viki is on the other end of the table and the divestor is Crunchyroll. The combination of Viki and Soompi will make the company the largest English platform for discussion and news on Korean entertainment. Korean dramas…

Wemakeprice lands $85M investment with NXC / Nexon
650일 전

  On August 17th, Wemakeprice a company dealing with social commerce, announced it had raised a total of $85M following the third release of its shares through NXC. Through this investment, Wemakeprice plans to seek the necessary talent and improve its systems in order to accelerate and improve the shopping experience for its customers and partners. NXC specializes in online and mobile games production as well as distribution through its subsidiary Nexon. Kim…

Daum Kakao Accelerates Mobile Innovation; shifts from current Co-CEO structure to single CEO
655일 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…

East Gate Partners LLC invests 700M Korean won in Kmong, a talent marketing company
660일 전

  Talent marketing company Kmong has successfully secured 700 million Korean Won (US $809,000) from East Gate Partners LLC, the fund management company leading Daum Kakao’s youth foundation investment trust. Kmong offers a platform for talent acquisition. Despite this being considered an intangible commodity, Kmong has had more than 130,000 transactions and currently boasts over 100,000 members. One of the most impressive numbers involve a particular seller with an accumulated sales total of one hundred…

KakaoTalk Introduces In-chat Search Feature, KakaoTalk #Search!
697일 전

Daum Kakao Corp., provider of Korea’s number one messaging app KakaoTalk, today announced the official launch of #Search (pronounced ‘sharp search’) and Channel for KakaoTalk. #Search allows users to search and share information directly from the KakaoTalk chatroom, while Channel allows users to access and enjoy interest-based content from directly within the app. The two new features are unprecedented additions for messenger or SNS services, and they take KakaoTalk a step closer…

Soft Bank Ventures invests into internet publishing company, Brave Company.
705일 전

On the 23rd August, Soft Bank Ventures confirmed their decision to invest into Brave Company is an internet publishing company. This investment is worth US$670k made up of $420k from Capstone Ventures and $250k from Soft Bank Ventures. Brave Company was formed in 2012 with the purpose of providing a platform optimised for the purposes of online lectures and learning materials. The purpose developed platform professionally organises lecture materials and courses.  …

SparkLabs 5th Batch’s Demo Day Reflects Korea’s Continued Startup Hot Streak
705일 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…

Restaurant discovery service MangoPlate secures additional 6.7 billion KRW from global investors including Qualcomm
705일 전

Seoul-based restaurant recommendation service MangoPlate secured 6.7 billion won ($6 million) in funding from a group of global investors of Qualcomm Ventures, Softbank Ventures Korea, and YJ Capital, the venture investment unit of Yahoo Japan. With the latest investment, the total amount of funding received by MangoPlate so far has exceeded 8 billion won($8 million). MangoPlate launched its service in October 2013 at SparkLabs’ 2nd Demo Day. MangoPlate helps its users find restaurants through personalized…

East Gate Partners invests $585 k into used car app Chutcha

Chutcha is a used car app developed and serviced by Mr Pick.  In the use car O2O space, it is widely known as a market leader. Mr. Pick through their extensive experience in online platforms, provides O2O business solutions.  The startup’s experience has been gathered from IT experts from companies like Naver, Neowiz and Nexon.  Recently, Mr Pick confirmed East Gate Partners will invest US$585k into the company.  Of course, behind East…

Korean Robot, Team KAIST, Wins $2M Prize in DARPA Challenge
719일 전

A robotics team from South Korea took home the $2 million first-place prize in a competition this weekend to design robots that could aid humans in a natural or man-made disaster. The team is a collaboration between the Korea Advanced Institute of Science and Technology (KAIST) Humanoid Robot Research Center and from Rainbow Co., a company that was spun out of the research lab. The team’s humanoid robot, or HUBO, stands 5…

Daum Kakao Acquires Popular Social Network Path As Part of its Global
730일 전

Daum Kakao Corp., a leading mobile lifestyle platform provider, today announced a definitive agreement to acquire Path as part of the company’s global expansion efforts. The acquisition will take form in Daum Kakao carrying out an asset acquisition of Path the social network and Path Talk the messaging app. “We created Path as a network that brings users a source of happiness, meaning and connection. We’re very proud of what we’ve accomplished…

IDG Capital and SMBA Create $ 910 million USD Korean Venture Fund
832일 전

The Korean SMBA (Small and Medium Business Administration) agreed to establish a fund , ‘Korean Venture Fund(tentative name ‘Korea Fund’)’ IDG Capital(CEO Xiaoge Xiong), China’s second place venture capital. This fund is as much as $ 910 million USD. After the Korea-China FTA negotiation settlement, small and medium businesses’ interest in entering the Chinese market is increasing tremendously. Amongst this hype, SMBA has brought in ‘China IDG Capital’ which has the know-how of…

Where Everyone is Maker② MakeSense: Real Korean ‘Everyone’s Programming’
838일 전

MakeSense is a combined team of OnAirSoft and Nsynaps that used to work together at a robot lab, and currently is developing an educational application ‘Sici’ at Hansung University. They have come up with a new say of programming method through a block. The following is BeSuccess’ interview about ‘Everyone’s Programming’ with MakeSense.   – Introduce ‘Everyone’s Programming’ for us. ‘Everyone’s Programming’ is a set of an application that children can even…

Where Everyone is Maker① Hellogeeks :‘BitCube’, Anyone make Robot
838일 전

The IoT will come into our daily lives more and more, as time passes. BeSuccess met Hellogeeks, a company that is building products that help general consumers to use the IoT technolicy.   ‘BitCube’ made by Hellogeeks is a tech kit that helps a programming layman can easily build a robot out of sensors, motors, LEDs, etc. and set control rules for the robot. – What is BitCube? BitCube is “The world’s…

Banks and Fin-tech Start-ups: Unite and Thee Shall Live, Scatter and Thee Shall Die
844일 전

Korea’s Financial Services Commission has recently abolished the Security Review System that has curbed the growth of the domestic fin-tech industry. Now local experts are heralding the start of a Golden Age of development in the industry. We met ‘Hankook NFC’s’ president, Seung-Ik Hwang, to hear what he had to say about the relaxing of government regulations and to discuss the potential of Korea’s fin-tech industry in 2015. What has changed since the…

Korean Mobile Music Streaming Startup, The Beatpacking Company Raises $11 million
845일 전

A Korean mobile music streaming app company, The Beatpacking Company received a Series B investment. The big news was announced through Su-man Park’s social network. Park elaborated about the investment on his blog, saying “Beatpacking is on the verge of the going on another adventure with Altos Ventures, Capstone Partners that invested $11 million USD; taking risk of Beatpacking’s Odyssey.” Meanwhile, The Bell reported “Beatpacking is in the final phase of finalizing…

Daum Kakao Releases Transparency Report
856일 전

Daum Kakao (co-CEOs Saehoon Choi and Sirgoo Lee) today revealed its first transparency report through its corporate website. Daum Kakao reemphasized its philosophy of placing protection of users’ information as its number one priority, and disclosed data regarding user information requests. Daum Kakao also plans to further its efforts to protect user privacy by regularly updating data in the transparency report and by actively engaging in social discussions for privacy protection. “It…