Five Essential News Bites From The Korean Startup Scene This Week
10월 2, 2013

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 on purchasing cosmetics and other beauty tips.

5Rocks has raised 2.5Bn won, and is now in partnership with mobile advertising company AdWays

AdWays has created Party Track, Ad statistics system and AppDriver, a high SPI Ad platform. 5Rocks provides a real-time analysis product. The combined technologies will result in a powerful and practical mobile ad and marketing service. 5Rocks aims to open a new office abroad through the partnership with AdWays, which has already opened offices in 11 countries.

Online Math Education Start-up ‘Knowre’ launches a new service pilot in the US

The team at Knowre has begun targeting the US market directly with a new Pre-Algebra curriculum. As part of the push, they have released a new interface, coins and badge rewards, as well as other game elements. The pilot will be released to 34 cities in the US and Canada. Approximately 175 teachers and 8,000 students will participate.

A new ‘Korea IP Champion' Contest has been launched, to increase knowledge about the importance of IP protection

The 1st Korea IP Champion Contest is seeking small and medium-sized enterprises with excellent IP to reinforce their portfolios and to generate IP. It is expected that as a result the selected teams will be able to attract investment based on their improved IP status. The application is open until Oct 11. Rewards are based around opportunities to apply for patents, portfolio reinforcement, financial support for IP related issues, and PR opportunities with well-known IP-relevant companies and financial institutions.

Mobile Messenger of video format that is optimized for a 'snapshot is generating successful startups

AHIKU launched bb and LINE has also now added snapshot functionality. In 2013, Mobile Messengers added voice message function. After 10 months, Snapshot (Snap video) became a necessity to Mobile Messaging apps. AHIKU has launched recood, video filtering app. The quality of app was competative with Instagram video and VINE video. bb is different however, as they provide 3-sec video and the video you have taken is instantly playing like GIF but more friendly.

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