The South Korean National Assembly passed the “Act on Special Measures for the Promotion of Venture Businesses,” allowing unlisted venture companies to issue multiple voting stocks. The legislation, under discussion for over two years, was approved in a plenary session and will be promulgated after a Cabinet meeting’s resolution. When the revised Venture Business Act is implemented, unlisted venture companies will be able to issue multiple voting stocks with up to 10…

Last Sunday, the South Korean Ministry of Justice announced the revision of the ‘Enforcement Decree of the Immigration Control Act’, which includes granting of startup visas to foreigners for better facilitation of foreign investment activities in Korea. It also aims to encourage international students in Korea to establish startups in the country. (Is Seoul going to be the next Silicon Valley?… Maybe, maybe.) I have looked at the proposed revisions to the…

Samsung Galaxy S4 Understands Korean Dialects?!  Samsung Galaxy S4 ‘s ‘S Voice Engine’, ‘S Translator’ and ‘S Voice Drive’ now allows for a more correct translation of Korean dialects. The South Korean conglomerate have been collecting data about different dialects around Korea (and mind you, they are remarkably different from standard Korean). Samsung Electronics have been continuously making developments in the voice technology area. S4 had a ‘non-touch’ concept that allows you…

Howdy world citizens! Here are some morning reads for you today, good-to-go either on a train, a bus, over a cereal bowl (or another bowl, if you know what I mean)… whatever you desire, I supply ya. It’s Wednesday! Keep it up! Whatever you do, don’t be this guy. Weekend’s almost here! 1. Thomas Clayton: Bidding war between Tencent and LINE for Kakao Great article by Product Manager and Senior Writer at e27,…

International markets are too big an opportunity to pass up. Why allow physical borders to dictate the limits of your business? Dave Goldberg, CEO of SurveyMonkey, once said that “if you have a product business and you aren’t focused on international, you are missing out on two-thirds of your potential customers.” This is still widely relevant to many startups around the world. Michael Fertik, the ‘serial entrepreneur’ said in his Harvard Business…

WeMadeEntertainment, the maker of AniPang (one of the most played online games in Korea) announced yesterday that they will be boycotting G-Star 2013, the global gaming expo in Korea. With the opposition to the bill gaining a lot of support from the gaming and IT industry, it will be interesting to see how events unfold. beSUCCESS investigates the Shutdown Law and the recently passed bill that suggests a 1% collection of annual income from gaming companies.