Mesh Korea specializes in the development of online platforms that support the distribution and logistics requirements of businesses. On August 18, a representative from the company, Ryu Jung Bum, confirmed that Mesh Korea had raised US $3.4M from SBI Investment and Korea Development Bank (KDB Capital). Prior to this investment, Mesh Korea raised a total of US $6.8M from both domestic and oversea investors, including an investment from VentureSquare back in January. Mesh Korea, which…

Korean banks, like the new government are appearing to support economic growth by releasing funds designed to harness the economic value in intellectual property created by innovation in Korea’s SME sector. Of course this is great news for startups.