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Korean tourism platform startup, Creatrip receives investment from KAIST Venture

Creatrip, a platform where local tourism courses and information can be accesses has succeeded in attaining a US$172K (KRW 200m) investment from KAIST Venture Investment. The platform is aimed at foreign visitors that prefer to freely travel domestically after gathering and assessing the available local tourism information. After releasing the Chinese language based open beta version in February, the platform is being serviced in Taiwan and Hong Kong where a high proportion…

SK Happiness Organization makes $860k Social Impact Investment into Brave Pops
396일 전

SK’s Social Impact Investment division, SK Happiness Organization have announced their commitment to make a US$860k (KRW 1b) social impact investment into Brave Pops Company. Brave Pops is an educational software developer which was formed in 2015 by five internet experts from Naver and Ticket Monster. Class 123, a teaching aid software developed by Brave Pops allows teachers to communicate feedback on a student’s attitude and behavior to the student and to…

JDLab to Showcase ‘IUEditor for WordPress’ at MWC 2016
402일 전

Software development company JDLab will showcase ‘IUEditor for WordPress’ which allows users to create WordPress themes within the web editor at Mobile World Congress 2016 in Barcelona. While WordPress provides free and paid themes for its users, it is difficult to build a fully customized professional website without a programmer. IUEditor’s WordPress theme project allows users to create, arrange and edit specialized widgets with essential WordPress theme functions such as Post, Comment…

‘Park Here’, the Pioneer in Innovating Urban Parking
  ·  417일 전

In hotel industry, there is a rather clear ceiling for their revenues; when the rooms are all booked out, it’s pretty much it. There might be some cash inflows from F&B and other event-related revenues such as renting out a conference room, but they are more-or-less still dependent to the room sales. Such a unique ceiling allows hotel operators different perspectives on revenues. First, they are less interested in extending their revenues,…

Top five healthcare trends from technology startups
420일 전

Technology has been integral in medical advancement and personal health. Now more than ever, technology is readily available to people of developed countries, mostly in the form of smart phones and devices. Recently, a surge in personal health gadgets and apps has been observed with the likes of Garmin Vivosmart, Fitbit, Samsung S Health and Apple Health gaining momentum in the market. These smart devices have the ability to not only enhance…

K­Beauty and Fashion customisation: The next wave in Korean commerce
424일 전

Competition in Korea is heating up with the popularity of SPA brands in the fashion industry and big players like Laniege, Sulawhasoo dominating the beauty market. Local and international consumers are thronging to purchase fashion and beauty products coming out of Korea. With the playing field afire with dominant players, new entrants have to differentiate themselves to make a name for themselves. But what can they offer to stand out from among…

How these 5 Korean startups are removing language barriers through technology to go global
424일 전

In Korea, like in many countries where English is not the lingua franca, there is an especially large gap when it comes to having the right words for an international audience. This language barrier comes in not only while traveling but also while conducting business internationally. More and more users are now relying on technology to help overcome language issues that they may face on a daily basis, while getting directions in…

Thanks To Eased Regulations Crowdfunding Picks Up Speed in Korea
426일 전

Imagine a new Korean drama is in the works, but to bring it to life the producers need funding. How fast would your little sister hit that ‘fund’ button if it were available? Thanks to eased government regulations that button is now a reality for crowdfunding fans in Korea and beyond. In 2015 several Korean crowdfunding campaigns achieved huge results on US-based sites, like YOLK’s USD $1 million campaign on Kickstarter. Now…

Korean Startups Are Targeting the Next Generation of Wearables
430일 전

Wearables gained huge popularity during 2015 with high-profile releases such as the Apple Watch and Pebble Time bringing wearables truly into the mass consciousness. Wearables are now high demand items and are on course to be one of the biggest tech trends of 2016. While early wearables were often criticised as useless accessories for tech geeks, in 2015 we saw the first popular applications make their way into everyday life and gain…

File Sharing Service ‘Send Anywhere’ nabs $6M Series A from Rakuten Ventures

Estmob Inc’s Send Anywhere , the leader in cross-platform file sharing, announced this week that it closed a $6 million Series A round lead by Saemin Ahn of Rakuten Ventures. This deal comes on the heels of the company surpassing milestones of 1.5+ million monthly unique devices and 5+ million cumulative downloads across all major smartphone and desktop computers in 150+ countries. When speaking on the investment, Send Anywhere’s CSO and Co-founder Suhyuk…

These 5 Korean Startups Are Increasing Workplace Efficiency
431일 전

Are sticky notes and post-its not cutting it anymore to organise your schedule? Are you interested to explore workplace management and timekeeping beyond Slack, Trello and Evernote? Korean workers are widely recognised as among the most hard working in the world. With office lights regularly going out in the small hours due to the pressures of hitting tough deadlines, it’s no wonder that Korean startups have been active in developing technology solutions…

Fashion O2O Brich secures second investment through Hana Financial Investment
431일 전

Brich, an O2O service delivering the latest Korean fashion trends online, has secured an investment from Hana Financial Investment. The company was launched a year ago, and to date has raised US$860k (KRW 1b) from Hana Financial Investment and Mashup Angels. The Brich team members include those from other e-commerce companies like, WeMakePrice, G Market and Qoo10 and bring with them experience and technical ability. Users of Brich’s service are able to…

Korean Mobile Concierge Service ‘Secretary Kim’ is Building a New Investment Model for Korean Startups
432일 전

One of the biggest tech trends today is text messengers becoming platforms for other services. And one of the hottest text-based services is virtual concierge services. In the US, there is Magic, which recently received a 12M investment from Sequoia. In Indonesia, there is the YesBoss service supported by 500Startups. And even Facebook and Google have poured resources into developing services in this area. In Korea this new market segment is led…

8 Percent to Continue Leading Korean P2P Lending Market
  ·  432일 전

Innovation can be defined in many ways. Among those, my favorite is to define it as the ability to kill and eat a great (even better, if it’s the entire) share of an existing market. And it is because in this world of surpluses of everything, pretty much the only way to create a market as an innovation is meant to is to kill the old industry by making it obsolete. There…

App Annie Raises $63M to Fuel Growth, Adds NetSuite CEO Zach Nelson to Board

  App Annie, the largest mobile app data and insights platform, announced that it has closed $63 million in total financing, with majority equity investment led by Greenspring Associates and additional participation from existing investors e.Ventures, Greycroft Partners, Institutional Venture Partners (IVP) and Sequoia Capital. App Annie will use the new capital to improve and expand upon its suite of industry-leading products, and further scale global business operations to meet the growing…

Day2Life’s fully functional mobile time management solution receives investment from 500 Startups
440일 전

Day2Life, a simple day to day mobile time management solution has secured an investment of US$200k (KRW 240m) from 500 Startups, among the most recognized Silicon Valley startup accelerator programs. In securing a position in the program for 2016, the solution was assessed to be highly competitive. The mobile diary solution developed by Day2Life named June, provide a fully functional time management solution on a mobile device. Recent trends show an increase…

Korean guesthouse accommodation startup Jienem receives Angel Club investment
451일 전

Jienem, a guesthouse accommodation service specialist and catering for Chinese tourists has received an investment of US$200k (KRW 240m) from Angel Club an Accredited Investor (AI). In August last year, the company also received an early stage investment from specialist China marketing company, ‘On China’. Jienem provides an easy accommodation booking service that allows users to select accommodation in the categories of fashion, glamping, traditional Korean house, lodges, and boutique guest houses….

Interactive Chinese education development startup ‘China Tan’ receives second investment
451일 전

China Da the operator of China Tan, a digital Chinese language teaching service has secured investment from Mirae Assets, Softbank Ventures and Coolidge Corner Investment. This investment is the second investment for China Da, which secured an initial investment last year from Nexplat Korea, Lake Investment, Softbank Venture and Coolidge Corner Investment. Within one year of launching, the number of users has increased each month by 20 per cent. In creating their educational content,…

General Bio, a Korean company producing environmentally friendly detergents receives Technology investment

General Bio, a company known to be socially and environmentally responsible has received a total of US$4.6m (KRW 5.3b) investment from Mirae Assets, L&S Venture Capital, Coolidge Corner Investment and SJ Investment Partners. The company which kicked off in 2007 is a producer of organic laundry detergents and fabric conditioners. The R&D oriented company has continued to develop products that are environmentally friendly and biodegradable. Although the socially responsible status is noteworthy,…

Hello Nature, the Amazon Fresh of Korea wins $2.1m investment from GS Home Shopping and Mirae Assets
452일 전

Hello Nature, an online fresh produce platform connects producers directly with their consumers. On the 30th December, the company revealed that a ‘Series B’ investment amount of US$2.1m (KRW 2.5b) was confirmed from GS Home Shopping and Fast Track Asia. This is the second successful investment into Hello Nature following last year’s investment of US$1.6m (KRW 1.9b) by Softbank Ventures and Mirae Assets. The investment was made possible following the rapid growth…