Latest on Korean Startups
Korean startups
Fortune-telling app receives $4 mn in Altos Ventures-led Series A funding
Chunmyung and Company, the operator of its namesake fortune-telling app, announced on Tuesday it has secured Series A funding worth five billion won ($4 million).Menlo Park-based Altos Ventures Management, Inc. led the funding round; and existing
Apr 19, 2022 (Gmt+09:00)
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Venture capital
South Korean conglomerates race to establish CVCs
One after another, South Korea’s household name conglomerates are establishing corporate venture capital (CVC) firms under their holding compa...
Apr 19, 2022 (Gmt+09:00)
4 Min readlanguage -
Samsung Group
CJ, Samsung to launch $600 million e-commerce logistics fund
CJ Logistics and an affiliate of Samsung Life Insurance have joined forces to launch a real estate investment fund worth 740 billion won ($600 milli...
Apr 18, 2022 (Gmt+09:00)
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Venture capital
US and German startups funded by Mirae Asset join ranks of unicorns
Mirae Asset Venture Investment Co. is forecast to rake in more than 400 billion won ($325 million) for its investment in Moloco Inc. Mirae As...
Apr 15, 2022 (Gmt+09:00)
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Korean startups
S.Korea’s luxury e-commerce startups poised to become unicorns
South Korea’s e-commerce startups are enjoying massive hikes in their valuations on the back of robust online spending by millennials and memb...
Apr 14, 2022 (Gmt+09:00)
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Artificial intelligence
NCSOFT unveils AI dataset to rival hyperscale language models
NCSOFT Corp. unveiled an artificial intelligence (AI) conversation dataset it developed with Korea University’s research center on Thursday....
Apr 14, 2022 (Gmt+09:00)
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Korean startups
Creator tech startup Awake Corp. attracts over $892,000 in seed funding
Awake Corp., a startup that operates platforms to assist online creators, recently attracted 1.1 billion won ($892,473) in seed capital. The total a...
Apr 12, 2022 (Gmt+09:00)
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Webtoons
South Korean comics platforms dominate global top 10
Six manhwa platforms operated by South Korea’s tech juggernauts rank among the top 10 paid digital comics platforms worldwide. Manhwa is ...
Apr 12, 2022 (Gmt+09:00)
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Blockchain
Hanwha Solutions CEO meets with US blockchain VCs
President and co-CEO of Hanwha Solutions Corp. Kim Dong-kwan met with heads of major blockchain venture capital firms while visiting the United Stat...
Apr 11, 2022 (Gmt+09:00)
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Regulations
FTC pushes to monitor foreign conglomerate owners
South Korea’s Fair Trade Commission (FTC) is one step closer to including foreign nationals to its list of owner-cum-heads of conglomerates ...
Apr 07, 2022 (Gmt+09:00)
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Korean startups
Startups need to embrace ESG, industry insiders say
Environmental initiatives such as RE100 and high Environmental, Social, and Governance (ESG) standards are not just for conglomerates anymore, accor...
Apr 06, 2022 (Gmt+09:00)
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IPOs
Kurly’s mounting losses spark controversy over planned IPO
South Korea’s Kurly Inc. nearly doubled its on-year losses on higher costs last year -- raising market controversy over its listing -- as the ...
Apr 06, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Slack gains more than 1,000 clients in S.Korea in just two years
The seven hottest tech companies and startups in South Korea earned a new nickname, a word combining their first syllables. What they also have in c...
Apr 06, 2022 (Gmt+09:00)
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Cryptocurrencies
Total of 19 mn Bitcoins mined, pushing price upward
Bitcoin mining hit a 19 million milestone in recent days, leading to a jump in its price. Tokyo-based SBI Crypto Co., under the parent company ...
Apr 05, 2022 (Gmt+09:00)
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Venture capital
Venture capitalists in S.Korea enjoy record salaries in 2021
South Korea’s venture capitalists put record high investments into startups last year. Thanks to positive returns on investments, a number o...
Apr 04, 2022 (Gmt+09:00)
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Korean startups
SaaS provider Clika wants to lead S. Korea's MLOps market
The wider adoption of artificial intelligence around the globe calls for more data in the form of high quality photos, videos, and text. With t...
Apr 01, 2022 (Gmt+09:00)
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Korean games
Nexon incorporates own payment system for Dungeon & Fire release
South Korea’s online game developers are intensifying their efforts to build and incorporate their own payment systems to wipe out hefty commi...
Mar 30, 2022 (Gmt+09:00)
3 Min read -
Korean startups
One in five S.Koreans use AI-powered tax filing platform 3.3
Jobis & Villains, the operator of artificial intelligence-powered accounting platform 3.3, is resolute about its mission to help gig economy wor...
Mar 29, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Naver subsidiary splurges on metaverse, resell platform acquisitions
Snow Corp., a subsidiary of South Korea’s tech behemoth Naver Corp., has either already invested, or is slated to invest, in 11 companies so f...
Mar 29, 2022 (Gmt+09:00)
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Korean startups
Art investment platform operator Yeolmae Co. raises $14 mn in Series B
South Korean startup Yeolmae Company announced Monday it received 17 billion won ($14 million) worth of funds through its Series B round. With the l...
Mar 28, 2022 (Gmt+09:00)
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Blockchain
Krafton signs MOU with Solana for blockchain-based games and services
South Korea’s leading game developer Krafton Inc. announced Wednesday it signed a memorandum of understanding with San Francisco-based Solana ...
Mar 23, 2022 (Gmt+09:00)
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Metaverse
Naver Z invests in multiple metaverse-related startups to beef up Zepeto
Naver Z Corp. invested in more than eight companies so far this year, according to people familiar with the deals. Naver Z is the operator of Asia...
Mar 23, 2022 (Gmt+09:00)
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Korean startups
Star-studded vision AI startup SNUAI requires less data and time
“The first joint venture with the Seoul National University seal of approval” is how artificial intelligence startup SNUAI Lab Co. des...
Mar 22, 2022 (Gmt+09:00)
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Entertainment
Europe emerges as battleground for webtoon dominance
South Korea’s tech behemoths Naver Corp. and Kakao Corp. are intensifying competition over who will dominate the global webtoon market. ...
Mar 21, 2022 (Gmt+09:00)
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Korean startups
Acqui-hire practices increase in S.Korea’s startup ecosystem
Jobis & Villains, the operator of artificial intelligence-powered accounting platform 3.3, announced that it recently acquired video messenger s...
Mar 21, 2022 (Gmt+09:00)
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Korean startups
AI startup Twelve Labs secures $5 million in seed round
South Korean startup Twelve Labs announced Sunday it secured $5 million in a seed round from Index Ventures.On its website, the venture capital firm...
Mar 21, 2022 (Gmt+09:00)
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Korean games
NCSoft releases trailers of two upcoming games
South Korea’s gaming behemoth NCSoft Corp. released trailers for two new titles named Throne and Liberty and Project E on Thursday. The c...
Mar 18, 2022 (Gmt+09:00)
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Korean startups
Private equity consortium buys 30% stake in biotech firm Medipost
South Korea’s first generation biotech firm Medipost Co. will sell a 30% stake to a private equity consortium, the company announced after W...
Mar 17, 2022 (Gmt+09:00)
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IPOs
Biotech startup Voronoi withdraws IPO plans
South Korea’s biotechnology startup Voronoi Inc. scrapped its plan to go public this month. The new drug developer announced Wednesday it...
Mar 16, 2022 (Gmt+09:00)
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Korean startups
Service robot maker Bear Robotics raises $81 mn in Series B
South Korea’s robotics startup Bear Robotics Inc. announced Wednesday it raised $81 million in Series B funding from venture capital heavywe...
Mar 16, 2022 (Gmt+09:00)
2 Min read
Hidden Champions
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Buhmwoo Group
Published: Apr 21, 2021
Last updated: Jan 30, 2023
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DCM
Published: Dec 09, 2022
Last updated: Jan 30, 2023
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Koh Young Technology Inc
Published: Sep 21, 2020
Last updated: Jan 20, 2023
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Point Mobile
Published: Sep 14, 2021
Last updated: May 10, 2022
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3G Technologies
Published: Sep 25, 2020
Last updated: Jul 06, 2021
Future Unicorns
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RIDI
Published: Sep 28, 2021
Last updated: Mar 29, 2022
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S.lab Asia
Published: Jul 20, 2022
Last updated: Jul 21, 2022
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Fridays Lab
Published: Jun 30, 2023
Last updated: Nov 10, 2023
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Spoon Radio
Published: Feb 02, 2021
Last updated: Mar 19, 2021
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Sandbox Network
Published: Mar 22, 2021
Last updated: Jul 23, 2021
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