English Articles
Korean startup Smatoos receives strategic investment from Miraeen Publishing
2016년 03월 02일

Smatoos, the operator of BeNative Pro, an online business English and Chinese teaching service has secured a strategic investment from Miraeen, an educational content publisher and strategic investment company. BeNative Pro is a service teaching and providing an opportunity to practice the languages of English and Chinese and is delivered in China, Korea and Japan. The service is offered as part of employment training programs by large corporations, including Samsung, LG, SK…

Kakao acquires Park Here, a startup providing parking search and booking service in Korea 
2016년 03월 01일

Kakao have announced their strategic acquisition of Parking Square the developer and operator of ‘Park Here’, an app that allows searching and reservation of parking spots. The app allows its users to quickly search for vacant parking lots nearby and reserve the vacancy at a discounted rate. The app is appealing to both parking spot users and parking lot operators as it provides parkers a convenient way to access a parking spot…

3 Reasons Why Seoul is A Mobile Entrepreneur’s Paradise
2016년 02월 28일

Editor’s note: Originally written by Mike Kim, Senior Director Corporate Development at Baedal Minjok Facebook. YouTube. Skype. Hard to believe all 3 iconic companies actually got there start in Korea right? While these Silicon Valley heavyweights have roots in the Bay Area, the origin of their concepts actually hatched on the tiny peninsula of Korea first. Years before Facebook there was Cyworld. Before YouTube, Pandora TV – And long before Skype, a company called Dialpad was…

[Investors] The Global Unicorn Hunter: Goodwater Capital’s Eric Kim
2016년 02월 28일

For the past 14 years, Eric Kim has been racking up a lot of global airline miles. Though his day job is a venture capitalist, Eric joked, “if being an airline passenger were a sport, I think I could enter the Olympics…I’ve learned to sleep in some weird positions.” During any given week, Eric might be in San Francisco, Seoul, New York, Shanghai, Singapore, or Vancouver. When asked if all the travel…

Korean tourism platform startup, Creatrip receives investment from KAIST Venture
2016년 02월 25일

Creatrip, a platform where local tourism courses and information can be accesses has succeeded in attaining a US$172K (KRW 200m) investment from KAIST Venture Investment. The platform is aimed at foreign visitors that prefer to freely travel domestically after gathering and assessing the available local tourism information. After releasing the Chinese language based open beta version in February, the platform is being serviced in Taiwan and Hong Kong where a high proportion…

B2Link receives $4.3m investment from IBK Industry Bank and SK Securities
2016년 02월 24일

Cosmetic ecommerce startup B2Link in Korea has secured a US$4.3m (KRW 5b) investment from PEF; a joint organization formed by IBK Industry Bank and SK Securities. This new investment adds to the US$4.6m (KRW 5.3b) investment last year by KB Network, DSC Investment and DR Capital to bring the total investment to US$8.9m (KRW 10.3b). After co-founding Memebox, Lee Jae Ho founded B2Link to distribute Korean beauty and baby products to China and…

SK Happiness Organization makes $860k Social Impact Investment into Brave Pops
2016년 02월 24일

SK’s Social Impact Investment division, SK Happiness Organization have announced their commitment to make a US$860k (KRW 1b) social impact investment into Brave Pops Company. Brave Pops is an educational software developer which was formed in 2015 by five internet experts from Naver and Ticket Monster. Class 123, a teaching aid software developed by Brave Pops allows teachers to communicate feedback on a student’s attitude and behavior to the student and to…

JDLab to Showcase ‘IUEditor for WordPress’ at MWC 2016
2016년 02월 18일

Software development company JDLab will showcase ‘IUEditor for WordPress’ which allows users to create WordPress themes within the web editor at Mobile World Congress 2016 in Barcelona. While WordPress provides free and paid themes for its users, it is difficult to build a fully customized professional website without a programmer. IUEditor’s WordPress theme project allows users to create, arrange and edit specialized widgets with essential WordPress theme functions such as Post, Comment…

Odd Concept received $860k investment from KB Investment
2016년 02월 17일

Odd Concept, a startup specializing search engine for video content has US$860k (KRW 1b) from KB Investment. The company was founded in 2012 and has developed online technology for video content searches. The company has used the technology to link offline shopping businesses to create an unique O2O market. Kim Jung Tae from Odd Concept commented, “Till now, we have not actively promoted or marketed Odd Concept, but through this investment our…

SBI Holdings invests $30m into Korean mobile service provider Yellow Mobile
2016년 02월 17일

Yellow Mobile, a Korean startup offering mobile services has secured a US$30m (KRW 36b) investment from Japanese internet and financial group SBI Holdings. The investment is a result of SBI Holding’s business alliance and strategic investment plans made last year. Yoshitaka, the Chairman of SBI Holding commented, “Yellow Mobile leads innovation within the mobile paradigm with its vision and potential for growth”. “Our support will allow Yellow Mobile to transition from the venture…

John Jung CBO of Kakao to Present at MWC 2016
2016년 02월 17일

Kakao Corp., the provider of mobile messaging platform Kakao Talk and Korea’s successful on-demand service Kakao Taxi, announced that its CBO John Jung will be presenting at the 25th of Feb at the Mobile World Congress 2016, taking place in Barcelona Spain. John will be speaking at the ‘Personalization and the On-demand Economy” conference session, which will take place at Auditorium 3 in Hall 4 of Fira Grand via (the MWC venue), starting at 11…

Cyber Security Predictions for 2015: Were the Experts Right?
  ·  2016년 02월 05일

About this time last year, experts and analysts all placed their official predictions for the cyber threat landscape in 2015. Now that a year has come and gone, it would be interesting to see if these so called analysts were correct. Today, we will review some of the most common web security trends that experts thought would be a major issue in 2015. As a reference, Symantec developed an excellent infographic that…

Edutech startup, Riiid secures $1.7m series A investment for adaptive learning technology
2016년 02월 03일

Riiid, an educational technology startup has secured a Series A investment of US$1.7m (KRW 2b) from DSC Investment, DS Asset Investment, and Shinhan Capital. This successful investment comes as recognition of the potential for Riiid’s ‘Adaptive Learning’ technology for delivering educational contents. Lee Han Byul, the team leader from DSC Investment commented, “Although ‘Adaptive Learning’ is a relatively new concept in Korea, it has already proved popular in USA, China and India…

‘Park Here’, the Pioneer in Innovating Urban Parking
  ·  2016년 02월 03일

In hotel industry, there is a rather clear ceiling for their revenues; when the rooms are all booked out, it’s pretty much it. There might be some cash inflows from F&B and other event-related revenues such as renting out a conference room, but they are more-or-less still dependent to the room sales. Such a unique ceiling allows hotel operators different perspectives on revenues. First, they are less interested in extending their revenues,…

Top five healthcare trends from technology startups
2016년 02월 01일

Technology has been integral in medical advancement and personal health. Now more than ever, technology is readily available to people of developed countries, mostly in the form of smart phones and devices. Recently, a surge in personal health gadgets and apps has been observed with the likes of Garmin Vivosmart, Fitbit, Samsung S Health and Apple Health gaining momentum in the market. These smart devices have the ability to not only enhance…

Naver Q4 profit up 5 % vs year earlier
2016년 01월 28일

South Korean leading search company ‘Naver’ said its Q4 profit rose 5 percent from a year earlier. Net profit came to 141.5 billion won (US$118 million) in that period, compared with the 129.6 billion won a year earlier. Advertisement sales from its mobile search engine platform have been the main revenue streamline for its quarterly performance, accounting for 42 percent of the total advertisement sales. While sales from domestic advertisements moved up 15.2 percent, that…

K­Beauty and Fashion customisation: The next wave in Korean commerce
2016년 01월 27일

Competition in Korea is heating up with the popularity of SPA brands in the fashion industry and big players like Laniege, Sulawhasoo dominating the beauty market. Local and international consumers are thronging to purchase fashion and beauty products coming out of Korea. With the playing field afire with dominant players, new entrants have to differentiate themselves to make a name for themselves. But what can they offer to stand out from among…

How these 5 Korean startups are removing language barriers through technology to go global
2016년 01월 27일

In Korea, like in many countries where English is not the lingua franca, there is an especially large gap when it comes to having the right words for an international audience. This language barrier comes in not only while traveling but also while conducting business internationally. More and more users are now relying on technology to help overcome language issues that they may face on a daily basis, while getting directions in…

Thanks To Eased Regulations Crowdfunding Picks Up Speed in Korea
2016년 01월 25일

Imagine a new Korean drama is in the works, but to bring it to life the producers need funding. How fast would your little sister hit that ‘fund’ button if it were available? Thanks to eased government regulations that button is now a reality for crowdfunding fans in Korea and beyond. In 2015 several Korean crowdfunding campaigns achieved huge results on US-based sites, like YOLK’s USD $1 million campaign on Kickstarter. Now…

Korean Startups Are Targeting the Next Generation of Wearables
2016년 01월 22일

Wearables gained huge popularity during 2015 with high-profile releases such as the Apple Watch and Pebble Time bringing wearables truly into the mass consciousness. Wearables are now high demand items and are on course to be one of the biggest tech trends of 2016. While early wearables were often criticised as useless accessories for tech geeks, in 2015 we saw the first popular applications make their way into everyday life and gain…