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Dining Code a Korean restaurant recommendation startup secures $1.7m investment

Dining Code a Korean startup providing restaurant recommendation services has secured US$1.7m (KRW 2b) investment from Posco Technical Investment, ID Ventures, Seoul Investment Partners, HBIC and Magellan Technical Investment. The company had also received a seed…

396일 전
Korean startup Buzzvil receives $11.2m Series B investment for mobile lock screen advertising platform

23 December – Buzzvil a startup based in Seoul Korea and the creators of a mobile lockscreen advertising platform have received a series B investment of US$11.2m (KRW 13b). The investment comes from five (5) separate…

396일 전
Daliworks Raises $2M from Strategic Investor

Daliworks, an unique IoT platform service provider in Korea, announced an investment of US$ 2 million from Strategic investor. Strategic investor has made this investment to Daliworks for its exponential growth in IoT cloud platform, ThingPlus(Thing+),…

403일 전
Goldman Sachs invests US$33m into Korean real estate app startup ZigBang

Goldman Sachs, the global leader in investment banking is joining the list of foreign investors interested in Korean Startup. Goldman Sachs have invested a total of US$33m (KRW 38b) in ZigBang the leading real estate mobile…

405일 전
Korean IoT Startup, Encored secures $10m investment for Energy monitoring IoT from Soros Fund

Encored Technology has secured a US$10m (KRW 1.17b) investment from QSP which is run by Soros Fund Management. The company is a specialist in Internet of Things (IoT) and big data analysis with a particular focus…

407일 전
Korean accommodation O2O startup wins investment of $US11m for GoodChoice

Withweb launched Withinnovation as a separate subsidiary in order to focus on the accommodation business. This strategic move seems to have worked given the company revealed on the 8th December that it had secured an investment…

412일 전
Collaboration tool ‘collabee’ receives investment from Mega Investment and Venture Square

Collaboration tool startup ‘collabee’ announces that it has received pre-Series A investment led by Mega Investment and joined by Venture Square.  The undisclosed investment was finalised in November, 2015.  This is their second investment after their…

418일 전
Social Network, specialists in Korean trend contents secures investment to back its China strategy

Social Network, a specialist platform servicing Korean trends (wave) has secured an investment of US$4.3m (KRW 5b) from Korea Investment Partners, Mirae Asset Investment, POSCO technical investment and Intellectual Ventures. In 2012, Social Network secured their early…

419일 전
Wearable health device, Zikto receives investment from IBK Capital and SBA

Zitko, a Korean health care wearable device startup has received US$1m (KRW1.2b) investment from IBK Capital and SBA (Seoul Business Agency). This investment follows a recent investment from ‘The Creation Investment’ to bring total for recent investments…

424일 전
Korean beauty service provider B2Link wins investment from China’s DT Capital

Chinese Venture Capital (德同资本)company, DT Capital have followed other VCs in the recent trend for Korean beauty products, with an investments into B2Link. This is the fourth investment into the company following investments from DSC Investment in…

424일 전
Vanity Trove of Singpore acquires Padang, mobile Korean beauty information app

On the 23rd November, the acquisition of Padang, a service providing mobile beauty information in Korea (operated by Gentle Family) acquired by Vanity Trove of Singapore, a startup specializing in beauty related information and operation of…

426일 전
SK and Brookside Capital invest $56m into Socar, Korea’s leading car sharing service

Korea’s top car-sharing app maker ‘Socar’ has successfully secured a series B investment from SK and Brookside Capital part of Bain Capital for an amount of US$56m (KRW 65b). In October 2014, Socar secured a Series A…

426일 전
NICE group acquires Birdview the operator of Hwahae, the largest cosmetic app in Korea

On the 20th November, Birdview, the company behind ‘Hwahae’ Korea’s most popular mobile cosmetics app, revealed that it had been successfully acquired by the NICE group. Hwahae (Cosmetic Analyst) allows its users to easily recognize chemical…

427일 전
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…

427일 전
Social activity platform, Friend Trip receives US$1.2m investment

Social activity platform Friend Trip revealed on the 17th November that it had received US$1.2m (KRW 1.5b) in new investment. This is the second investment for the company and follows a US$500l (KRW 500m) last June. Friend…

432일 전
Smartphone Accessory Startup ‘Bench Soft’ Receives 2016 CES Innovation Awards with USB Flash Memory

Korean smartphone accessory startup ‘Bench Soft’ has garnered much attention from the market with its unprecedented type of USB memory device. “Xl.i.CON Flash Memory” is Bench Soft’s USB flash memory that sticks like a magnet when…

432일 전
The Most Powerful Korean Corporation (Chaebol) You’ve Never Heard Of

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…

435일 전
Womans Talk, Korea’s leading online mobile beauty platform, secures Series A investment

Woman’s Talk, Korea’s first online mobile beauty home shopping has succeeded in attaining a Series A investment of US$1.7m (KRW2b). With their launch in February titled ‘Korea’s first online beauty home shopping’, Woman’s Talk is the…

438일 전
MCN startup ‘Makeus’ secure US$17m investment from 4 venture capitals

Makeus, a Multi Channel Network startup has successfully secured the largest Korean investment into MCN (Multi Channel Network) in recent news. The investment totaling US$17.4 (KRW 20b) has been provided by venture capital companies DSC Investment,…

438일 전
Kakao needs a new revenue stream, plans to expand into delivery service

Kakao Corp. (KOSDAQ 035720) today reported third quarter financial results under Korean-IFRS. Kakao’s consolidated revenue for the quarter was KRW 229.6 billion with mobile businesses making up 56%. For the third quarter, Kakao focused on actively…

438일 전

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