Press Release
Korean startup VCNC’s ride-sharing service ‘Tada’ gaining popularity despite tough situations
2019년 02월 14일

Korean mobility startup VCNC’s ride-hailing service – Tada launched in October 2018 and is doing fair business despite the stringent Korean government transport laws and protests from existing taxi-unions. The company faces an uphill battle for making profits in the country, but with its dependable service, Tada is gaining a lot of word of mouth popularity. Matching Passengers with Right Drivers The startup VCNC was bought by Daum founder and CEO of ride-sharing company SoCar Lee…

Get rid of your English writing woes with Korean platform Ediket
2019년 02월 12일

When it is about important documents, most people struggle with writing correctly and in a foolproof manner. It always helps to have the written work copy edited by someone who is better with it, but it is understood that it’s an expensive task and affordable by businesses. Korean startup Ediket has worked out a most democratic platform which offers everyone help with their written documents. Easy, affordable way to correct your English writing Ediket…

WeFit – For A Fitter Tomorrow
2019년 02월 11일

Owing to the rising popularity of fitness-based recreational activities, the market has reached a near saturation point making it overwhelmingly difficult for one to choose their ideal place for their routine fitness sessions. This very need for an organized view of the available fitness partners around a locality gave rise to WeFit – an application that organizes and presents the user with data about nearby recreational activity grounds and allowing them to…

Korean startup NOTA develops low cost, high performance AI solutions  
2019년 01월 31일

Korean startup NOTA has developed unique model compression technology using Artificial Intelligence and Machine Learning, which can be applied broadly to mobile, drone and robotics.  NOTA’s AI solutions do not need a server or network cost for operating AI models because of the on-device ML techniques. Low Server Cost; Low Latency Issue AI-based systems are getting much attention across the globe for its utility in autonomous driving and drones. The AI-based systems…

Korean startup SendBird is becoming the most scalable chat-API in the world
2019년 01월 29일

Human interaction is becoming more and more digital and messaging is one of the leading communication tools. Korean startup SendBird provides a complete messaging solution that helps businesses communicate with their customers flawlessly without losing the integrity of their brand. The messaging solution for businesses SendBird has made remarkable progress as a leader in building the most scalable and powerful chat API in the world. A chat API is an application program interface that provides…

Radish offers  ‘serial’ reading for serious readers
2019년 01월 29일

The Korean startup Radish is revolutionizing the mobile-reading space with its serialized storytelling platform. Radish serves a wide variety of stories that can be read in bite-sized installments optimized for the smartphone reader. Radish can be defined as a literary equivalent of addictive TV shows, right on the phone! Read & Pay one chapter at a time Radish app. is user-friendly and a great tool for serious readers. The company describes its…

Food-Tech Delivery Platform By Woowa Brothers
2019년 01월 24일

In today’s world, every sector has become technology-driven and most companies are using the ‘online platform’ to stay in the competition. The food sector is no different; the on-demand food delivery apps are now prowling the market and are making their way up. Ordering food from your couch has become a norm and it is just a matter of time before every restaurant succumbs to selling on the food delivery platform. Woowa…

Flitto: The Korean startup teaching translation to AI-driven online translators
2019년 01월 23일

A Korean startup that started as a crowd-sourced translation service has become the most sought after company for providing language data to various international servers for improvising on their translation programs. Flitto, powered by artificial intelligence and professional translators, connects requesters and translators through its website or app. Platform to Connect with Translators Flitto was launched in 2012 and presently has 9.5 million users in 173 countries. The translation platform is very simple to…

Generation Z Opens their Ears and Wallet to Korean Tech Spoon Radio
2019년 01월 23일

Mykoon, the parent company of the better known Spoon Radio, surpassed $20.2M USD (23B KRW) in 2018 annual sales. This trajectory makes for a more than 900% year after year growth rate. Spoon Radio, which started in March 2016, is a private radio broadcasting service which successfully targets Z-geners. Users aged 18 to 24 account for more than 70% of all users. Accumulated downloads range to 5.7 million, and more than 1.2 million…

Restaurants At Your Doorstep With Swiggy
2019년 01월 21일

In the present era of e-commerce, the online food ordering and delivery business has seen an immense interest from entrepreneurs, consumers, and investors. These online business platforms have bridged the gap between consumers and restaurants/local food shops/food chains. The online food apps/websites have high user engagement as it offers convenience. Swiggy one of India’s leading online food delivery startup has brought restaurants to consumer pocket. The company has raised over $1 billion venture funds…

Korean startup FutureBioWorks making safe connections for health of ‘hearts’
2019년 01월 17일

Myocardial Infarction or Heart Failure is of the most common causes of death in humans. A person with heart problem needs surgery like a bypass or vascular anastomosis. Korean startup FutureBioWorks’ Biotechnology Research Institute is developing a shape memory polymer for safe and fast vascular implants with excellent characteristics. BM-Tube connection for safe, faster recovery The product BM-Tube has many advantages because of shape memory polymer use. Shape Memory Polymer based vascular stents are…

Korean Startup’s device can detect harmful bacteria from water & food, preventing avoidable deaths
2019년 01월 16일

An estimate by the World Health Organisation says almost 600 million people which is about 1 in 10 people in the world fall ill due to contaminated food each year. 420,000 people die because of food poisoning every year. 502,000 is the number of diarrhoea deaths due to contaminated water each year. Safe drinking water and clean food have become a paramount need in today’s world to save healthy lives from unwanted…

Socar Shifts Gears with a $44.5M USD Windfall
2019년 01월 15일

Socar, a Korean ride-sharing platform, is planning to rev up development with an investment worth $44.5M USD (50B KRW). The multi million investment comes from four companies, KB Investment, Stone Bridge Ventures, and Softbank Ventures, along with the Silicon Valley-based VC, Altos Ventures. This will be the second time Socar gained the confidence from benefactors. Last April, the company attracted $53.5M USD (60B KRW) from a Korean private equity fund, IMM Private Equity (IMM PE). Socar plans to…

Blank Corporation Promotes KOSDAQ Listing after 3 years of Establishment
2019년 01월 15일

Media commerce start-up company called Blank Corporation is planning to be listed on KOSDAQ (Korea Securities Dealers Automated Quotation) next year. The company, which was established in early 2016 under the name of Blank TV, has shown rapid growth and is set to challenge IPO (Initial Public Offering) for the first time in three years. Blank Corporation sent a bid request (RFP: request for proposal) to local brokerages on the 10th to select securities…

Innovative Technology Solutions by BBP to Make Buildings Energy Efficient
2019년 01월 14일

Buildings are the iconic landmarks for any city. However, what is often overlooked is to find ways to improve the energy efficiency of these buildings that can help in alleviating many challenges that cities face from public health problems to climate change. Buildings have always been huge and long-lasting investments and efficient buildings provide better financial and social returns. Adopting modern energy saving solutions is imperative for both industrial and commercial buildings….

Travel Around The World With Traveloka
2019년 01월 14일

With metasearch engines and aggregating data from all over the web into one platform have made online travel companies a success across the globe. The travelers can easily access and compare offers allowing them to get the best value for their money. Thanks to incredible technological advancements, travelers can check the real-time availability and book their tours or activity that fits into their itinerary. With so much competition around, there is a… The digital doorway to Dongdaemun’s wholesale fashion market
2019년 01월 14일

Seoul’s oldest market Dongdaemun market has adopted the modern world’s way of working by hopping on to the digitalisation bus with Korean startup portal Located in the northeast of central Seoul, Dongdaemun market is primarily a clothes market with a number of shopping centres offering garments at wholesale rates. has linked the Dongdaemun wholesalers with retailers through its online platform. Linking the wholesalers with the retailers Established in 2012, Linkshops Co.,…

Music Spray: A digital platform helping musicians reach a worldwide audience with only a one-time fee of $99
2019년 01월 11일

For musicians across the globe, the biggest problem after creating a beautiful piece is to find a proper distribution channel that also doesn’t cut into their pockets. South Korean startup Pison Contents has developed Music Spray, a digital distribution platform that charges just $99 or 99,000 won for a one-time signup fee offering unlimited lifetime digital distribution. Distribute, promote and be famous Musicians can release as much content as they want using Music Spray to…

Korean Tour Tech, Myrealtrip Wins $26.6M USD in Investment
2019년 01월 11일

Myrealtrip (CEO Lee Dong-gun), which started in 2012, is reworking what tour packages mean. The Korean tech company is making various smaller sized and unique tour packages instead of the generic deals that tour agencies tend to provide. As a result, Myrealtrip has attracted about $26.6M USD (30B KRW) in accumulated investment so far, including a collective investment of $15.1M USD (17B KRW) from Altos Ventures, Smilegate Investment, IMM Investment, IBK Capital, and Mirae Asset-Naver Fund. Several of the…

Cupix, Korean Tech 3D Startup, Cements VR Innovation with Multi-Mil Investment
2019년 01월 11일

Cupix, a Korean VR tech startup, locks down $5.4M USD (6B KRW) investment from three venture investment firms. Cupix (CEO Bae Seok-hoon) announced on the 10th that it succeeded in attracting investment from three key players: Athens, Stone Bridge, and Company K Partners. The 3D startup uses what it calls, ‘Digital Twin’ technology. It creates a 3D space by using a few 360-degree pictures alone. By utilizing this technology, virtual reality experience…