Latest on Korean Startups
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Startups
SoftBank Ventures invests in fashion app targeting middle-aged women
South Korea-based Queenit, a fashion mobile platform targeting middle-aged women, has secured around 5.5 billion won ($5 million) from a pool of high...
May 13, 2021 (Gmt+09:00)
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Startups
Colosseum rises to e-commerce challenge with one-stop solution
Fulfillment companies are expected to enjoy sharp growth this year, thanks to the global e-commerce boom fueling demand for fulfillment services, wh...
May 13, 2021 (Gmt+09:00)
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Startups
Character IP startup Studio Origin wraps up $4 mn Series A round
South Korea-based character entertainment startup Studio Origin Corp. has successfully concluded a 5 billion won ($4.4 million) Series A round, the c...
May 12, 2021 (Gmt+09:00)
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Startups
Food tech startup Sir.LOIN seeks Series B funding; valuation to top $40mn
South Korea-based food tech company Sir.LOIN Inc. is seeking Series B funding in the range of 10 billion won as industry watchers project the startup...
May 06, 2021 (Gmt+09:00)
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Startups
IB-turned-podcaster in quest of hidden startup gems
A seasoned investment banker of Korean origin, David Kim, has turned his eyes to rising startups that have yet to receive attention and began to intr...
May 06, 2021 (Gmt+09:00)
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Startups
Ad tech firm Moloco joins unicorn club via Series C round
Moloco Inc., a data-driven advertising solutions firm, has concluded its Series C funding round, rendering the company a newcomer to the unicorn club...
May 04, 2021 (Gmt+09:00)
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Startups
Freelancer market platform Kmong raises near $28mn in Series C round
South-Korea based freelancer market platform Kmong Inc. has successfully attracted 31.2 billion won ($27.8 million) in its latest Series C funding, w...
May 04, 2021 (Gmt+09:00)
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Startups
Laundry service Wash Swat wraps up $16 mn Series B round
South Korea-based laundry service startup Wash Swat Inc. has secured 17.5 billion won ($16 million) in Series B round funding, bringing the company's...
May 03, 2021 (Gmt+09:00)
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Startup funds
LG Electronics, Mirae Asset to launch $90 mn fund to invest in startups
South Korea’s LG Electronics Inc. and Mirae Asset Group have agreed to launch a 100 billion won ($90 million) joint venture-capital fund to hel...
Apr 30, 2021 (Gmt+09:00)
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Startup IPOs
Korea bourse tries to halt unicorns following Coupang in US IPO
The Korea Exchange (KRX) will lower the bar for domestic startups' initial public offerings at home so that they will be dissuaded from joining the c...
Apr 29, 2021 (Gmt+09:00)
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Startups
Startup funding: Metaverse platform Anipen; autonomous vehicle simulator Morai
South Korea-based metaverse platform Anipen has raised 8.5 billion won ($7.6 million) from VC firms, including Partners Investment and Union Investme...
Apr 27, 2021 (Gmt+09:00)
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Startups
Team Fresh secures $6 mn via stake sale to DSC Investment
South Korea-based venture capital firm DSC Investment announced on Apr. 27 that it has acquired a 6.5% stake, valued at around 6.5 billion won ($5.8 ...
Apr 27, 2021 (Gmt+09:00)
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Startups
Dholic Commerce seeks unicorn status as trendsetter in Japan
South Korea-based Dholic Commerce is an online retail platform that sells Korean fashion items and cosmetics to the Japanese market. The startup is c...
Apr 26, 2021 (Gmt+09:00)
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Startups
Big data firm FiscalNote eyes SPAC listing in US; valuation could top $1 bn
FiscalNote, a Washington D.C.-based tech firm that uses artificial intelligence and big data to track, predict and analyze regulation and legislation...
Apr 26, 2021 (Gmt+09:00)
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Startups
Startup valuations surge; driven by Coupang effect and VC boom
In September 2019, South Korea-based mobile marketplace platform Danggeun Market received 40 billion won ($36 million) from venture capital firms wit...
Apr 23, 2021 (Gmt+09:00)
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Shopping
Fashion platforms for MZers attract investors; valuations surge
Fashion e-commerce platforms that have become mainstream shopping venues for millennials and Generation Z, or MZers, are seeing their valuations surg...
Apr 21, 2021 (Gmt+09:00)
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Startups
Korea Credit Data raises over $35 mn from Pavilion, GS, KB Bank
South Korea-based fintech firm Korea Credit Data (KCD) has raised around 40 billion won ($36 million) from Singapore-based private equity firm Pavili...
Apr 20, 2021 (Gmt+09:00)
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Live commerce
Live commerce app Grip aims to take over the world via shopping
There's an app where users can shop as if they're video chatting with their friends. How does this work? A seller will introduce products via livestr...
Apr 14, 2021 (Gmt+09:00)
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Startups
Riiid makes list of world's 100 most promising AI firms
South Korea-based startup Riiid Inc. has been named to the annual AI 100 list issued by global market research firm CB Insights. The AI 100 is a list...
Apr 08, 2021 (Gmt+09:00)
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Cashless society
Vietnam government picks Alliex to lead cashless transition
South Korea’s fintech startup Alliex Co. has kicked off a new project in Vietnam to create a common payment platform that would standardize the...
Apr 08, 2021 (Gmt+09:00)
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IPOs
S.Korea's color cosmetics leader C&C to list in May
South Korea’s leading color cosmetics manufacturer C&C International Co. will be listed on Kosdaq in May, with expected market capitalizati...
Apr 08, 2021 (Gmt+09:00)
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Startups
Sendbird achieves unicorn status via Series C round
Sendbird, an in-app chat and messaging service provider, has become South Korea's freshest unicorn startup, obtaining an enterprise value of over 1 t...
Apr 07, 2021 (Gmt+09:00)
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Startups
Stronghold Technology aims to become Tesla of coffee roasters
South Korea-based Stronghold Technology Inc. is the first startup to have applied artificial intelligence technology to coffee roasting machines. The...
Apr 07, 2021 (Gmt+09:00)
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[Exclusive] Startups
Baby Shark creator Pinkfong emerges as S.Korea's 13th unicorn
SmartStudy, a South Korean edtech firm behind global YouTube hits Pinkfong and Baby Shark Dance, has become the country’s 13th unicorn startup ...
Apr 06, 2021 (Gmt+09:00)
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[Exclusive] EV batteries
SK Group eyes jackpot from investment in battery maker SES
South Korea’s SK Group is expected to pocket at least a tenfold return from its investment in electric vehicle battery startup SES as the batte...
Apr 05, 2021 (Gmt+09:00)
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Startups
Fresh food logistics startup Team Fresh secures 30 bn won in Series C
South Korea-based fresh food logistics startup Team Fresh has concluded its 30 billion won ($26.7 million) Series C round, attracting high-profile in...
Apr 05, 2021 (Gmt+09:00)
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Startups
RECON Labs to drive AR commerce by cutting content creation costs by up to 99%
Does the adoption of augmented reality (AR) technology in e-commerce platforms drive sales? The answer is yes, as the purchase conversion rate for pr...
Apr 01, 2021 (Gmt+09:00)
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Fintech platforms
SoftBank-backed Balance Hero raises $10 mn in debt funding from India
South Korean fintech startup Balance Hero has raised around $10 million in debt funding led by the India-based non-banking financial company (NBFC) N...
Mar 31, 2021 (Gmt+09:00)
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Kosdaq IPOs
Metaverse startups enjoy unrivaled attention on Kosdaq
South Korea’s virtual reality (VR) and augmented reality (AR) companies are rushing to get listed on the Kosdaq, as betting on metaverse stocks...
Mar 31, 2021 (Gmt+09:00)
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Webtoons
French webtoon platform posts over 200% growth via Korean content
South Korea’s online content platform KidariStudio Inc. announced on Mar. 31 that its France-based webtoon arm, Delitoon SAS, logged around 10....
Mar 31, 2021 (Gmt+09:00)
