Often young startups face difficulty in making decisions when they look for the right source for incubating and investments. Even if you are lucky enough to find a VC, explaining your product to someone who has no background knowledge could feel like talking to a wall. To help with these issues, we have prepared a report containing backgrounds, interested fields, and startup development directions for 2015, of top the 5 accelerator in…
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…
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…
‘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…
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…
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…
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…
For the first time ever, language learners will be able to meet a variety of local native English speaking coaches with the tap of a button. Hellocafe, a tech startup from the US, is launching a smartphone application that offers a realtime, local marketplace for English learners and coaches. For decades in South Korea, English education companies have commoditized learning across a range of formats including classes, phonebased tutoring, video lectures, and testprep…
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…
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…
Channel Breeze(CEO Sung Woo Ahn) revealed the company’s main service ‘Zig Bang’, a rent searching app, raised $18 Million USD as investment. Zig Bang became the second Korean start-up that raises a grand scale investment over $18 Million USD (20 billion won) since Baedal Minjok. In advance of this multi-million investment, Channel Breeze has recieved investment last year which amounts up to $8.21 million USD from seven venture capitals in and…
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…
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…
There are many co-working spaces where start-ups can build their prototypes. The government is continuously building new places as well. The only problem is, people don’t know they exist. If you open room #550 of Seun Arcade, a whole new world appears. From 3D printers to large-size laser cutters, it sure does looks like an ex-astronaut’s office. Astronaut San Ko founded TIDE Institute, an organization supporting tech-based start-ups three years ago, becoming…
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…
A Korean style minicab app LimoTaxi (LIMO, CEO Sung Woo Yang) raised $ 1 million USD from Big Basin Capital, a Silicon Valley based venture capital. Previous investors like Altos Ventures participated in this round of investments. Through this investment, LimoTaxi will be able to expand rapidly to more areas and focus on service improvement. LimoTaxi was founded as a newly established corporate body July 2014 by the pioneers of mobile taxi…
Recently, It was quite controversial about Net Neutrality in States. Net Neutrality is the principle that Internet service providers and governments should treat all data on the Internet equally, not discriminating or charging differentially by user, content, site, platform, application, type of attached equipment, or mode of communication. Here, we have organized the events that happened recently about the Net Neutrality and made up an Infographics.
beSUCCESS, the top Korean startup media organization, organizer of the largest Korean-Global Tech conferences to date, and a global startup connector in partnership with Strong Ventures, a leading seed fund supporting Korean-Global entrepreneurship, are happy to officially announce the return of their flagship startup event, formerly known as beLAUNCH, now with a new brand, “beGLOBAL Seoul 2015”. This year’s conference is already heating up to become one of the most promising events to…
It all started from the question “How can you promote smaller cosmetic brands overseas online”. Wish Company challenged, back in 2010, a new market field and is currently selling numerous Korean minor cosmetic brands internationally. Statistics state, (based on 2014) there are over 5,000 cosmetic related industries domestically. Consumers will most likely remember Amore Pacific, LG, Missha, and other major brands. However, there are high quality producers that are hidden beneath the…
Editor’s Note: Valualize Graphic is a team who analyzes datas and makes it into Infographics. It’s made by 3 techie students who has gathered to study and analyze Tech Startup together. While they studied together, they decide to visualize the studies and make some valuable contents and that became Valualize Graphic today. Valualize Graphic is making Infographics about IT and Tech Startup every week, and made hundreds of infographics so far.
