Korean News
KakaoTalk Introduces In-chat Search Feature, KakaoTalk #Search!
752일 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.
759일 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
760일 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
760일 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
773일 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…

다음카카오-하나카드, ‘카카오페이 하나체크카드’ 출시
780일 전

다음카카오(공동대표 최세훈, 이석우)가 하나카드(대표이사 정해붕)와 함께 ‘카카오페이 하나체크카드’를 출시했다. 카카오페이 제휴카드는 모바일 결제에 최적화된 카카오페이만의 전용카드로 모든 가맹점에서 다양한 할인 혜택을 받을 수 있다. 기존의 모바일/PC 환경은 물론 오프라인 결제까지 혜택의 범위가 넓어져 고객의 이용 편의가 더욱 향상될 것으로 예상된다. 이번 ‘카카오페이 하나체크카드’를 기점으로 다양한 카드사와 은행에서 카카오프렌즈 캐릭터를 활용한 디자인의 제휴카드가 출시될 계획이다. ‘카카오페이 하나체크카드’는 하나카드 공식 모바일앱 또는 하나은행 영업점을 통해 발급이 가능하며 카카오페이 모든 가맹점에서 7% 할인, 휴대폰 요금…

Daum Kakao Acquires Popular Social Network Path As Part of its Global
784일 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
886일 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…

Daumkakao 4Q total revenue $ 59 Million USD
890일 전

Daum Kakao Corp. today reported fiscal year and fourth quarter financial results under Korean-IFRS, the first to reflect the merged company’s consolidated earnings,. Daum Kakao’s consolidated revenue for the quarter was KRW 254 billion, and KRW 898.4 billion for the fiscal year 2014. With mobile services comprising of 53% and 49% of the revenue, respectively, the company continued to strengthen its position as the leading mobile lifestyle platform provider in Korea. KRW…

Where Everyone is Maker② MakeSense: Real Korean ‘Everyone’s Programming’
892일 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
892일 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
899일 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
899일 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
911일 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…

SoCar Members Reaches 500 Thousand, Expected to Go Over 1 Million This Year
914일 전

The number of members of SoCar, the largest car sharing community in Korea, passed 500 thousand members last year. According to SoCar, the cumulative number of car sharing members is around 500 thousand members, which is 5 times the previous year. Furthermore, the cumulative number of car sharing is around 520 thousand, which means the average user is around 2,500~3,000 per day. Due to the increased number of members, 700 destinations and…

Jobplanet Acquires $8.3 million USD from Qualcomm, Altos, and Bon Angels
917일 전

Jobplanet, korean company assessment platform, announced on the 14th that they acquired total 8.3 million USD from Qualcomm Ventures, Altos Ventures, and Born Angels. Job Planet had initially received 2 million USD from Born Angels and The Ventures last year. Adding this investment, it sums up to total 10 million USD. Qualcomm Ventures and Altos Ventures are the US-based VCs that had been investing in successful global ventures not only in Silicon…

‘Ti In Coop VC Association’ for Travel and Leisure Startup Launched
917일 전

‘Tin In Coop Venture Capital Association’ specialized for travel and leisure start-ups, launches on January 15. For the first time in Korea, representatives of Korean travel agencies and related field, as well as commerce platforms are participating in ‘Tin in Coop VC association,’ planning to provide customized support for travel and leisure start-up. They raised seed money of $800,000 and plan to expand the investment size by making the membership conditions to give…

Mobile Game Company ‘Eight Panda’ Raises $2.4 million
918일 전

On January 13, Eight Panda, a korean mobile game company, announced that they raised $2.4 million as development fund from Korea Investment Partners and Ankang Venture Investment. Eight Panda consists of developers with the experience in title development of major online games in Korea. With 10 years’ of experience in game development and experience of conducting initial stage to the final service, a new type of RPG customized for mobile will be…

DaumKakao Kickstarts ‘KakaoTaxi’, Drivers’ App
919일 전

DaumKakao has launched the driver’s version of ‘Kakao Taxi’ Android app on the 13th. This application is a prerelease version to recruit drivers before  launching the passengers’ version of the app. Any registered taxi drivers can download the app and register as a member. To register, drivers will have to enter their names, first 6 digits of their social security number, license number, upload their photos and license image. DaumKakao then approves…