The growth of South Korea’s smart connected device market is expected to turn negative this year for the first time from growing market saturation, data showed on Tuesday. According to the data compiled by market researcher IDC Corp., the country’s smart connected device market, which includes smartphones and tablet PCs, is estimated at 21.85 trillion won (US$20.78 billion) for the year, down 7.9 percent from a year earlier. In terms of volume,…

People are spending more time on mobile devices than ever before and the trend is only growing. Mobile devices are slim and light in order to maximize portability, and thus compared to desktop computers they have poor storage as batteries take up a lot of space. This makes them ideal output devices but poor input devices due to the absence of keyboard and minimal storage. Therefore most people store important stuff on…

Bitcoin is changing finance the same way the web changed publishing, and in the wake of its emerging status as a “proper” currency, new ventures are rushing to get in on the action. So too is Korbit, a Korean startup founded by Tony Lyu. There is a Bitcoin craze in Silicon Valley at the moment. Exiting startups in the space are popping up everywhere with Bitcoin startup accelerator Boost VC leading the…

SparkLabs Global Ventures is launching a new $30 million seed-stage fund that will invest in early-stage companies looking to rapidly scale their innovations. The founding partners are Bernard Moon, Net Jacobsson, Frank Meehan, Jimmy Kim, John Lee, and Jay McCarthy.  Bernard, Net and Frank will be the primary operating partners. “SparkLabs Global Ventures was founded on our strong momentum from our SparkLabs accelerator in South Korea, where we have already invested in 16…

Who will come out as a winner in the new autumn version of the smartphone battles? Autumn 2013 will see a string of new smartphone releases, with the race already on. ‘Vega Secret Note,’ the ‘Galaxy Round,’ the ‘iPhone 5S’ and the ‘Vu 3’ will all be released in short succession over the next few months, with an advantageous position in the lucrative Korean market going to the victor. A fierce marketing…

Korea’s President Park has reason to be upset, as Obama allows a ban on some older Samsung smartphones to the US. The Ministry of Trade, Industry and Energy said, “We express regret over the decision of the U.S. trade representative not to veto the U.S. International Trade Commission’s exclusion order against Samsung.” The selected phones are said to have infringed on two Apple patents (the 949 patent, which deals with commands on…

Ever heard of Pantech? Probably not recently. The struggling tech company recently lost its head, who stepped down after ordering almost 1/3 of the workforce to take a six month ‘vacation’. The company is now hoping to gain some credibility back (from staff and customers alike), with the release of a new 5.9-inch phablet: the VEGA Secret Note. Pantech has posted three consecutive quarters of serious losses starting at 81.2Bn won in…

Samsung releases ‘Galaxy Round’, the first phone with a curved display   The new “Galaxy Round” phone from South Korean tech giant Samsung Electronics will make its debut in the domestic market this week, the nation’s top mobile operator SK Telecom said Wednesday. The most prominent feature of the latest Galaxy series phone is its curved display. It also features a 5.7-inch screen, the same as the Galaxy Note 3, with a…

Since the election of President Park earlier this year The Korean Government has embarked on an ambitious and expensive crusade to bring innovation to the fore of the Korean economy and to encourage a retreat from the country’s current dependence on a tiny number of huge family run businesses (Chebols), such as Samsung, Hyundai, LG and telecom SK. In order to achieve their ambition the government has been pumping money into the…

As reported by SD Japan, Seoul-based LOC&ALL, the startup behind car navigation app Kimgisa, has raised $2.7M from Japan’s CyberAgent Ventures and two Korean investment firms, Neoplux and Partners Venture Capital. Prior to this round, the company had raised seed funding $930,000 from Partners Venture Capital in January. With these new funds, they plan to intensify their engineering and marketing efforts with the initial goal of expanding to Japan, with Mainland China and Indonesia to follow later….

Kakao Music, the most recent service from Korean social messaging platform Kakao Talk, passed 1.2M downloads  in just four days, after being launched. Kakao Music is a service developed jointly by Kakao, which is famous with its popular mobile messenger KakaoTalk, and Neowiz Internet, one of the top gaming companies in Korea. As a result of the successful partnership it is expected that Kakao Music will immediately become a strong rival to…

Luxury car booking service Uber launched in South Korea this summer, and this week they have teamed up with one of Korea’s hottest startups, Between, in order to leverage the companies extensive user network of couples, particularly in the Seoul metropolitan area which has a population of almost 24 million. Between started life as  a messaging app for couples, but is now looking to start generating revenue, having ac quired over 4 million users,…

Korean mobile game maker Gamevil has acquired Com2uS. Gamevil announced on October 4 that it signed an agreement to acquire a 21.37-percent stake in Com2uS for 70 billion won. Under the terms of the deal, Gamevil will have the controlling stake in Com2uS. Although Gamevil is the acquiring party in this transaction, it actually did less business than Com2uS last year. Gamevil reported full-year revenues of KRW 70.2 billion ($65.5 million), compared…

Samsung Electronics achieved a record-high performance in the third quarter of this year. Unlike market expectations that the growth of its smartphone business would slow, Samsung sustained a record-breaking pace in smartphone sales. Moreover, its semiconductor and telecommunications business, which slipped to supporting roles, reemerged as one of main actors. The most striking feature in the third-quarter results released by Samsung on October 4 is that its operating profit reached 10.1 trillion…

    Women 2.0 Founder Friday San Francisco (Women 2.0) Date/Time: Fri, Oct 4, 2013 – 6:00PM Location: San Francisco, CA     Silicon Chef: Hardware Hackathon by Hackbright Academy Date/Time : October 5th 9:00am – October 6th 7:00pm Location: San Francisco, CA Startup Socials Party SF October 2013 (StartupSocials) Date/Time: Thursday, October 10, 2013 at 7:00 PM – Friday, October 11, 2013 at 1:00 AM (PDT) Location: San Francisco, CA Discounted tickets for beSUCCESS network…

K-Cube Ventures invests $500M won in Mobile Beauty Content Company “Seed Paper” Seed paper shares practical beauty tips for its users through its mobile lifestyle content platform. The service is linked KakaoTalk Plus Friend, which is a premium service from Korea’s top mobile messaging platform, KakaoTalk. Well-known experts in the field of beauty and cosmetics, including Hong Cha, Saem-Mul Jung, and Hyun-Cheung Woo, provide practical tips through the service, which includes tips…

Date: Tuesday, October 1st, 2013 Location: COEX Conference Hall Room #318, Seoul, Korea Schedule:  1:30pm-6:00pm 1:30pm-2:45pm  Intro and 1st half of demo+pitch 2:45pm-3:00pm  Break 3:00pm-3:50pm  2nd half of demo+pitch 3:50pm-4:00pm  Break 4:00pm-5:00pm  M&A: Inside View 5:00pm-6:00pm  Networking Presenting Companies StyleWiki iBabyBox MangoPlate Zoyi HeyBread Lateral DesignPlusD TrakInvest Short Program (M&A: Inside View) Get the insiders’ view of the M&A process from entrepreneurs who have gone through it.  Learn about what led to their decision to sell,…

Samsung is clearly taking its drive for innovation seriously, in order to compete with the likes of Apple and to cement its position as global tech / electronics leader. After spending $1Bn on a new innovation center in Silicon Valley, the tech giant is now set to introduce a radical new work policy in Korea, to spur creative thinking. Samsung will adopt a four-hour flexible working system company-wide on the condition that…

  For a number of years Korea has been firmly established as a global production base for core display materials. This is partly due to intense competition in the industry between the two domestic heavyweights LG and Samsung. Chinese display makers are making aggressive investments in the sector, but investments in the materials and components for next-generation display are still concentrated in Korea, and China has some way to catch up the…

As Korean President Park Geun-hye pushes to promote fair competition in the Korean economy (currently dominated by a small number of family-run conglomerates), the country’s number one internet company, Naver, has been coming under fire again for allegedly abusing its power.   Startup “Memo This” developed a service that allows users to stick memos on any website for use by anyone who vistits the site at a later date. The theory is…