Kakao Corp. (KOSDAQ 035720) today reported third quarter financial results under Korean-IFRS. Kakao’s consolidated revenue for the quarter was KRW 229.6 billion with mobile businesses making up 56%. For the third quarter, Kakao focused on actively identifying and promoting new ideas and business opportunities. This led to uniform growth in mobile businesses, and consolidated revenue for the quarter grew 1.4% QoQ and 3.5% YoY. Kakao’s commerce platform showed the greatest growth in…

Japan’s first commercial jet, The Mitsubishi Regional Jet (MRJ) – developed by Mitsubishi Heavy Industries, in half a century made its maiden flight on Wednesday. The two-engine aircraft, approximately 35 metres (115ft) long, flew smoothly upward into clear skies in central Japan. It is an important milestone for an ambitious effort by Japan to develop its aerospace industry. The flight seems to have gone well, with the Guardian reporting that it “flew smoothly upward…

Kakao will launch a pilot program called Kakao Farmer to deliver mandarin oranges produced in Jeju Island todeliver it to consumers when it is in its most delicious state. The pilot operation that began Tuesday will only be offered for three months. A 11-pound box (5kg box) of mandarin oranges will cost around $13 including delivery fees and the tangerines can be purchased through Kakao platform with kakao pay. Additionally Kakao has…

GlowDays the company behind GlowPick has received a Series A investment of US$1.3m (KRW 1.5b) from SL Investment,  Jafco Asia and ShinHan Capital.Glowpick is a cosmetic raking service that provides ranking based on consumer reviews of the product. The ranking process is somewhat different to other similar platforms in that GlowDays runs an algorithm to establish only credible and genuine review. A common problem in modern blogs and review platforms is the…

Netflix will invest $50 million in upcoming South Korean film Okja by Bong Joon Ho which will be co-produced by Plan B Entertainment, an American film production studio co-founded by Brad Pitt and Jennifer Aniston. Okja is a monster movie about the friendship between a little girl and some type of creature. I hope it shares some DNA with Joon-ho’s best movie, The Host. The cast is nothing to shake a stick at,…

미국 덴버에 본사를 둔 실내 인테리어 디자인 플랫폼 기업 헤븐리(Havenly)가 파운드리 그룹(The Foundry Group)과 개인투자자들로부터 750만 달러(한화 약 85억 원) 규모의 시리즈 A 투자를 유치했다. 헤븐리는 디자인 플랫폼을 통해 소비자별 니즈에 최적화된 온디맨드 서비스를 제공하는 기업이다. 2014년 설립된 이후 지금까지 수천 명의 고객을 유치하며 매달 20~30%씩 성장하고 있다. 헤븐리는 실내, 특히 룸 디자인을 수정하거나 새롭게 만들고 싶지만 수백에서 수천 달러에 이르는 높은 컨설팅비용으로 망설였던 고객들에게 각각 79달러와 199달러라는 저렴한 비용으로 서비스를 제공한다. 고객들은…

Samsung’s improved mobile VR headset is ready for the taking the ordering. Oculus announced Samsung’s Gear VR will ship on November 20 with pre-orders kicking off Tuesday. The device costs $99, and can be purchased through Samsung’s website, Amazon and Best Buy. (Full user manual link) Samsung built the new Gear VR to be lighter and more comfortable to wear than its predecessor. The headset can play “dozens of new made-for-VR games” headed…

10th November 2015 – Tenping, a public company providing real time mobile rumor service revealed it had received an investment from Capstone Partners. Tenping is a marketing service that allows advertising content to be released in native format. The app then releases this onto other social networks, blogs and mobile apps. Already more than 100 advertising companies have used the service to release over 600 advertising contents. Since launching in May last year, the…

Gormey, an app that is aimed at providing credible restaurant recommendations recently announced major updates for both iOS and Android releases.  Although there are many restaurant recommendation apps on the market, Gormey brings a whole new level of credibility by providing recommendations based only on reviews by food critics. After all, professionals that review food for a living are likely better candidates at providing recommendations. Gormey recommendations are driven by human curation…

SK Telecom has made a US$4.3m (KRW 5b) into MCN (Multi Channel Network) operator Treasure Hunter. Treasure Hunter is the creator and operator of famous and popular channels such as YangDding (YG Gaming Channel), Aligator and Eve Kim.  The investment is expected to boost the Hotzil channel which was launched on the 9th November as a channel for music, live and entertainment mobile video. SK Telecom highlighted their aim in improving the…

K Cube Ventures – specialist in mobile, internet and technology investments has invested US$500k (KRW 600m) into Mutzip, the provider of Hot Source an independent fashion platform. The name Hot Source refers to the independent platform’s ability to find ‘Hot’ trends and ‘Source’ fashion brands. The service is able to connect Korean independent fashion brands with buyers via mobile app and web base equipped with an easy transaction service. Mun Gun, the…

According to ‘The Bridge’ a  Japanese startup media service provider, ‘Blind’ an anonymous social networking service for company employees has received an investment from Japanese investment company Global Brain as well as Silicon Valley’s DCM. The company launched their social networking service back in December 2013 and was among the beGLOBAL San Francisco’s Top 10 startups in 2014. Currently, Blind’s aim to provide ‘Open Communication to a Closed Community’. The service provided…

Lockin Company, a specialist in mobile security solutions has received US$1.3 million (KRW 1.5b) in investment from KDB Business Bank. The investment comes within 2 years since its startup and has been sourced from a business bank rather than a traditional venture capital. This investment is the first of its kind in Korea from a major business bank into a startup still in its early stages. This investment reflects the level of…

DearMissJ, an eCommerce startup marketing accessories and handmade product by Korean designers into the North American market has secured an early development investment from Sazze Partners from Silicon Valley and Primer. Following their start in 2014, they were quickly brought to the spotlight through Instagram of famous celebrities and North American fashion blogs. The platform has experienced continues growth in revenue with monthly subscribers often doubling. Kristy Kim from DearMissJ commented on…

The recent announcement of Shin Dong Bin, the chairman of Lotte Group to dedicating US$85m (KRW 100b) towards accelerator funds was covered by major media outlets including Chosun, Joongang and Hankyung. Naturally, the articles offered positivity in covering the launch of ‘Lotte Accelerator’ which would commence in January next year and support youth startups with a total of US$85 million in funds. The articles also focused on Shin Dong Bin’s pledge of US$8.5m (KRW 10b) of…

Instagram on Thursday introduced its newest app called Boomerang. The app lets you create short, shareable animations that play from beginning to end and then from end to beginning. A single press on the capture button takes a burst of 10 photos that are automatically stitched together in a 1-second video. Shoot in portrait or landscape. Share it on Instagram. Boomerang automatically saves it to your camera roll. Other apps released recently by Instagram include…

K Venture Group, a specialist investment branch of Kakao has acquired a majority (51%) stake in top beauty solution company ‘Hasys’.  Hasys is the developer and service provider of client management solutions for salons, facial salons, and nail shops. Their beauty client management solutions ‘HairJjang’ and ‘Beauty Jjang’ as at September 2015 maintain more than 9,600 clients. This represents 69% of the market for beauty company client management solutions. On the topic…

K Cube Ventures, which specializes in investments into mobile, internet and technology companies confirmed on the 13th of October an investment of US1.7m (KRW 2b) into Saltlab a first person shooting game developer. Saltlab was formed in 2007 by gathering  top talent with experiences in famous award winning Korean games ‘Aba’, ‘Metro Conflict’ and ‘Red Doc’. Most team members have more than 10 year experience in the genre of  first person shooting game, in either development…

On the 6th, the joint investment was confirmed between K Cube Ventures, a specialist investor into internet, mobile and technology and Partners Investment. The investment is into a game company Kong Doo Company which specializes in MCN (Multi Channel Network) for games and the investment worth US$1.7m (KRW 2b) Kong Doo Company Professional is Korea’s premier gaming MCN originally starting with StarCraft gamers Hong Jin Ho and Kim Taek Young. For the…

홈 헬스케어 키트 회사인 ‘클리니 클라우드(CliniCloud)’는 최근 텐센트(Tencent)와 핑안 벤쳐스(Ping An Ventures)로부터5백만 달러(한화 약 59억 원) 규모의 초기 투자금을 유치했다고 밝혔다. 또한 ‘클리니 클라우드’는 미국 전자제품 전문 소매 업체 베스트바이(Best Buy)와 파트너십을 체결했다고 공표했다. 홍웬청 박사와 앤드류 린 박사가 설립한 스타트업 ‘클리니 클라우드’는 호흡과 맥박의 음을 디지털 방식으로 기록하는 장치인 그들의 제품명이기도 하다. 스마트폰과 연동된 이 장치는 호흡측정기와 적외선 체온계를 통해 다양한 생체정보를 수집하고 기록한다. 수집된 생체정보는 ‘클리니 클라우드’ 앱에 표시될 뿐만…