KoreaTechToday
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…

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…

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…