Writepath Inc. has recently secured $500k from B-Dash Ventures and Pinehurst Advisors. The team intends to use the funds to further expand into Asian markets outside their base of Taiwan, with a focus on the huge opportunity in Korea. Founded in 2009 WritePath provides multi-lingual editing services and online translation solutions. Currently the company serves 22 countries and has three services in the market. One such, Top Admit, is now being touted…

As Korea continues to brand itself as a startup nation, increasingly foreigners are becoming interested in joining Korean startups or even starting up their own venture in Korea. But getting visas in Korea for entrepreneurial endeavours can be daunting and is often tied up with red tape, as the government grapples with the best way forward to open Korea to foreign workers in the tech and startup space. A few of the…

You need only check out professional eaters on YouTube or Psy’s latest video to see that eating is a national obsession in Korea. What’s more, metropolitan Seoul is active 24 hours a day and is home to around 26 million people. Taking this into account its not surprising that the market size for the restaurant sector is around $60Bn per year, with more than 500,000 restaurants open for business. The area of…

Imagine if department stores in busy urban shopping districts could lock-in customers travelling into the area, before they even arrived. Kimgisa, a navigation app developed by Korean startup locNall aims to be the No. 1 player in the navigation and location-based marketing industry in Asia and make that marketing dream a reality. The team has already started working with large clients like Incheon International Airport to deliver targeted marketing to airport visitors…

Hearing about employees giving up their highly-prized, stable, and well-paid corporate careers in Korea’s tech behemoths used to be incredibly rare. But the young team at ASDTech has done exactly that, choosing to give up salaries of well over $100k for the excitement and promise of entrepreneurship. Having founded ASDTech in 2013 after leaving LG Electronics, they developed their while-label cloud service, ‘Cloudike’, and have now secured their first major clients. Furthermore they have…

Global Brain, an early and growth stage investor from Tokyo has just announced its most recent investment in a Korean startup. The “GB-V Growth Fund Investment Limited Partnership” managed by Global Brain Corporation, has invested an undisclosed amount in Mbite Inc., from Seoul, Korea. Founded in 2011 MBite is a global provider of game illustrators’ matching platform “rainbow.dot”. The fresh finances will be used to bolster R&D capabilities and hire a global sales team….

가상현실 기술을 위한 콘텐츠 시장이 열리다  가상현실 기술이 등장한 지도 어느새 15년. 그리고 SF 영화에 있는 것으로만 여겨졌던 가상현실이 드디어 길고 긴 동면을 마치고 우리 삶 속으로 성큼 걸어들어오기 시작했다. 최근 페이스북은 가상현실 헤드셋 기업인 오큘러스 VR을 20억 달러(약 2조 1,500억 원)에 인수했고, 소니는 게임용 VR 헤드셋 ‘모피어스(Morpheus)’를 내놓으며 가상현실 경쟁의 신호탄을 쏘아 올렸다. 기술자가 새로운 가상현실 기술을 시장으로 가져오는 속도는 매우 빠르지만, 좋은 컨텐츠 없이는 무용지물이다. 가상 매체는 스토리텔링을 효과적으로 할…

The Korean startup ecosystem has been exploding over the last couple of years. As more interesting startups begin to emerge, so the support services to power their success also become more diverse and more mature. There are a number of key accelerator programs in Seoul now, that offer a range of services and finance for early stage Korean companies. Interestingly there is also now a distinct push towards helping Korean startups connect…

There are a number of good resources for finding information on Korean Technology, business and tech start- ups. Some are a bit more difficult to find, so here is a list of the most helpful news outlets and startup resources for Korea. beSUCCESS: If your reading this article than you no doubt know who beSUCCESS is and what we do. But just in case: beSUCCESS is a South Korean media platform about startups,…

As has been reported widely in Asia, South Korea is using the fact that Windows XP is no longer supported as a reason to walk away from Microsoft completely. While the rational for this stance makes sense; updating to new versions of the Microsoft software can be expensive and time-consuming, the government should also immediately discontinue its use of Hangul. Hangul is a Korean software package similar to MS Office that is used as the default (and…

Microsoft recently announced that it intends to fully enter the Korean internet search market later this year. This does not seem wise in a market that has been utterly dominated by Korean players for over a decade. Yahoo withdrew from the market after a fifteen year failed push into Korea. Google has fared a little better, having now climbed to around 10% – 15% market share, but it has been a long…

Junghee Ryu is a rare breed of Korean entrepreneur. Not only did he found a tech company that sold to Intel, but now he has decided to reinvest his returns into the Korean startup ecosystem and has opened his high-tech accelerator, FuturePlay, for business. Junghee founded Olaworks, an augmented reality technology company in 2006 and sold the company to Intel in 2012 for a reported $30M. Olaworks and a Silicon Valley-based tech company, both of which…

Korean gaming giants, Gamevil and Com2us, which were in fierce competition for the last 15 years, are now actively seeking to create synergy in line with their M&A deal that we reported last year. Following Gameville’s acquisition of Com2us, the two firms have working towards release of their new combined platform HIVE, which is now live. After struggling against the huge success of KakaoTalk’s gaming platform (released in July 2012), the two companies…

Rakuten Ventures today announced the launch of a $100M global investment fund. This fund builds on the success of the Southeast Asia fund, which was launched in 2013 and counts Carousell, Visenze, Coda Payments and Send Anywhere among its investment portfolio. The investment in Send Anywhere is Rakuten’s first investment in a company outside South East Asia and their first in a South Korean startup, ESTMob. The new fund will target investments…

CHINCHIN is a social dating app that is creating a new type of interaction for the dating scene by connecting you with friends of your friends. This in a bid to remove the dangers of connecting online with complete strangers. Recently at beLAUNCH, the company won the Asan Nanum Foundation Prize, and $18k as a non-equity cash investment. With the increasing levels of spam on Facebook, people are now less willing to talk…

A team of Korean Engineers, PhD-level Neuro-scientists and ex-Googlers is taking on one of the most feared brain diseases we face in the modern age. Alzheimer’s Disease (AD) kills around 500,000 each year and the cost of care globally is estimated at $220Bn per annum. While this degenerative disease has no cure, YBrain has developed a solution for slowing the affects, with a rate of success believed to be greater than any…

페블의 에릭 미기코브스키는 스마트 워치 페블의 창업가이자 CEO로, 2012년 12월 크라우드펀딩 플랫폼인 킥스타터에서 역사상 최고 금액인 1,030만 달러(한화 약 109억 원)의 초기 자금을 모아 약 27만 명에게 예약판매를 시작했다. 미국에서 본격적인 판매를 시작한 지 5일 만에 품절되었고, 지난 달 IT 미디어 벌지(Verge)는 페블이 누적판매 수 40만 개를 돌파했다고 밝힌 바 있다. 웨어러블 혁신 분야의 가장 뛰어난 글로벌 리더로 손꼽히는 스마트 워치 페블의 CEO, 에릭 미기코브스키가 지난 달 14, 15일 양일 간 개최되었던…

[metaslider id=”17793″] After the successful releases of BeNative apps in Korean, Japanese, and Chinese, SMATOOS is expanding its service with Speak Real English, an “English to English” learning application that helps English language learners practice through video lessons. With this app, SMATOOS hopes to provide an alternative to stuffy textbook learning and offer support to help users cultivate practical and natural-sounding English skills. “Speak Real English” features video content of real native English speakers filmed around…

MyRealTrip, a Korean startup that provides overseas travelers with personalized guided tours in thier mother tongue has just announced their third round of funding. SmileGate Investment led the round, contributing 70% of the funding, with Capstone Partners joining. This Series A round has provided an injection of almost $1M to help the company build out their Android and iOS mobile apps and expand to include Chinese travelers visiting Korea, as well as…

Korea’s startup ecosystem is growing. Of that I am sure. What I am less sure of though is whether this growth is the result of government involvement, or in spite of it. As President Park finished off her first year at the helm of Korean politics she promised more money, but gave little indication as to how the money would be spent, and having worked closely with the government on several projects…