Korea
Korea’s No. 1 Tech Startup Event From beSUCCESS is Open! Join beLAUNCH 2014, May 14-15 2014 in Seoul
2014년 01월 24일

beSUCCESS, Korean startup media organization, events organizer, and global connector is happy to officially announce that their flagship startup event, beLAUNCH, is back in 2014 in a year that is already heating up to be one of the most promising for Korean, Asian, and Global entrepreneurship. The event will be held May 14 – 15 at the brand new Dongdaemun Design Plaza in the heart of Seoul. In addition, this year there…

Flitto, Korea Winner of Seedstars to Showcase at Geneva Final February 4th
2014년 01월 22일

Seedstars World startup competition will hold its Grand Final in Switzerland on February 4th. 20 startups from emerging markets and fast-growing startup scenes including Seoul regional winner Flitto will compete to win a $500k equity investment. Seedstars World (SSW), the worldwide startup competition in emerging markets and fast growing startup scenes is two weeks away from its final event. Seedstars World team travelled to 20 different cities in 2013 to bring back…

Fall of ‘The Rising Sun’? – Korea Now Ahead of Japan in Global Semiconductor Market
2014년 01월 20일

Japan has been much harder hit by the global financial crisis than its North East Asian neighbors and has since struggled to catch back up. The country’s recovery has of course further been hampered by the devastating tsunami and subsequent nuclear crisis in Fukushima. Suffice to say that Japan has seen better days, and now news that in the lucrative semiconductor market Japan is also losing out to Korea. According to research…

Korean Bitcoin Startup Korbit Gets $400k in Funding from Dream Team of Silicon Valley Investors
2014년 01월 20일

It has never happened before that a Korean startup has been able to secure early stage funding ($400k in this case) from such a high profile Silicon Valley investor line-up. The news that Korbit has achieved this momentous step heralds the start of a year that has already been billed as having the best potential ever, for Korean startups. While the value of the investment may seem small by Silicon Valley standards,…

Google Korea Searches for Deep Truths About its Poor Showing, and finds Answers?
2014년 01월 16일

I have published a number of stories about Google, Naver and Daum, the not so fair battle-ground of Korean internet, but this piece is also very worth while sharing, as it goes into great depth about the issue and also suggests that finally Google may be on the rise. The Korean hit drama series “Respond, 1994” which went off the air two weeks ago after attracting a huge following on cable TV,…

President Park Urges CEOs to Innovate, Pushing Korean Tech to Next Level
2014년 01월 16일

President Park Geun-hye urged scientists and information-communication technology (ICT) experts Friday to work harder to develop new technologies and innovate, saying South Korea can’t afford any stalling in such efforts in a fast-moving global economy. “New technologies and industries are now moving forward at a dazzling pace in many parts of the world,” Park said in a speech at a New Year’s meeting with leaders of the science-technology and ICT sectors. “We…

Amazon Set To Battle It Out With Korean E-Commerce Channels in 2014
2014년 01월 09일

It was recently reported that Amazon plans to enter the Korean e-commerce market in 2014, potentially posing a major threat to existing domestic services and promising to further globalize the online shopping experience that has until now been dominated by domestic players. “As far as I know, Amazon is currently preparing to enter the Korean market,” an industry source said, adding that local companies are gearing up for a possible showdown with…

Korea’s LTE-A, Leading The Future Of Mobile Broadband
2014년 01월 03일

LTE-A will shape our mobile broadband future, has been all over the Korean tech news for a while, and has huge scope to grow, from current download speeds of around 45Mbps to up to 300Mbps. I thought it worth taking a look at where it is now and where it is heading in the next 12 months. For additional information please access the links in the text. Basic Facts: LTE was first…

Korea’s Tech Start-ups Report Improved Results Last Year
2014년 01월 02일

According to a recent report Korea’s tech start-ups enjoyed positive growth in sales, operating profits and net profits alike in 2013, which will give President Park’s government a boost as they conclude their first year in office, and a year that saw a surge in government involvement with the tech startup community in Korea. According to the report startup’s average sales amounted to 6.72 billion won last year, with their average operating…

Korean Government to promote Software Innovation in Key Domestic Industries in 2014
2014년 01월 02일

In 2014 The Ministry of Trade, Industry and Energy (MOTIE) will a role out a raft of mid-to long-term software projects to bolster a number of domestic strategic industries. This will be achieved by developing 100 key software platforms for SMEs and foster high-quality human resources by organizing various educational programs. While it is certainly a positive step that the government is supporting these key industries, and is dedicated to bolstering innovation in…

Naver & Daum Self-Administer Financial Punishment For Abusing Market Position
2014년 01월 02일

Naver and Daum have made a tentative decision to shell out millions of dollars as a form of self-penance for abusing their market dominance in Korea’s internet portal industry, according to the Fair Trade Commission yesterday. As we have reported several times recently their has been concern voiced about the increasing dominance of the two companies in the Korean internet search market. The money will be spent in ways that benefit Internet…

A Great Year For The Korean Contents Industry, Turning Deficit To Profit
2013년 12월 27일

Korea’s contents industry exports, centering on gaming, is forecast to exceed $5 billion for the first time, an increase of over 10.% on last year. Sales in the sector are also expected to increase by 4.9% from last year, to KRW 90 trillion. The gaming industry will fuel this growth, with figures up 9.9% on last year and is likely to account for 60% of total contents industry exports from Korea in…

South Korea’s Smartphone Market Nears Saturation
2013년 12월 19일

The growth of South Korea’s smart connected device market is expected to turn negative this year for the first time from growing market saturation, data showed on Tuesday. According to the data compiled by market researcher IDC Corp., the country’s smart connected device market, which includes smartphones and tablet PCs, is estimated at 21.85 trillion won (US$20.78 billion) for the year, down 7.9 percent from a year earlier. In terms of volume,…

Korean Smartphone Market Set to Heat up as Autumn Temperatures Cool
2013년 10월 14일

Who will come out as a winner in the new autumn version of the smartphone battles? Autumn 2013 will see a string of new smartphone releases, with the race already on. ‘Vega Secret Note,’ the ‘Galaxy Round,’ the ‘iPhone 5S’ and the ‘Vu 3’ will all be released in short succession over the next few months, with an advantageous position in the lucrative Korean market going to the victor. A fierce marketing…

Don’t Tell Anyone: Pantech Hopes to Reverse 3 Consecutive Quarters of Disaster With a New “Secret Note” Handset
2013년 10월 11일

Ever heard of Pantech? Probably not recently. The struggling tech company recently lost its head, who stepped down after ordering almost 1/3 of the workforce to take a six month ‘vacation’. The company is now hoping to gain some credibility back (from staff and customers alike), with the release of a new 5.9-inch phablet: the VEGA Secret Note. Pantech has posted three consecutive quarters of serious losses starting at 81.2Bn won in…

Samsung’s New Curved Display And Three Other Top Korean Tech Stories today
2013년 10월 10일

Samsung releases ‘Galaxy Round’, the first phone with a curved display   The new “Galaxy Round” phone from South Korean tech giant Samsung Electronics will make its debut in the domestic market this week, the nation’s top mobile operator SK Telecom said Wednesday. The most prominent feature of the latest Galaxy series phone is its curved display. It also features a 5.7-inch screen, the same as the Galaxy Note 3, with a…

Uber Partners with Korean Couples’s Mobile App Between, To Gain Korean Users
2013년 10월 08일

Luxury car booking service Uber launched in South Korea this summer, and this week they have teamed up with one of Korea’s hottest startups, Between, in order to leverage the companies extensive user network of couples, particularly in the Seoul metropolitan area which has a population of almost 24 million. Between started life as  a messaging app for couples, but is now looking to start generating revenue, having ac quired over 4 million users,…

Korean Game Developer, Gamevil Acquires Controlling Stake In Competitor Com2uS
2013년 10월 07일

Korean mobile game maker Gamevil has acquired Com2uS. Gamevil announced on October 4 that it signed an agreement to acquire a 21.37-percent stake in Com2uS for 70 billion won. Under the terms of the deal, Gamevil will have the controlling stake in Com2uS. Although Gamevil is the acquiring party in this transaction, it actually did less business than Com2uS last year. Gamevil reported full-year revenues of KRW 70.2 billion ($65.5 million), compared…

Five Essential News Bites From The Korean Startup Scene This Week
2013년 10월 02일

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…

Korea’s Power As A Global Leader In The Display Market Remains Undiminished
2013년 10월 01일

  For a number of years Korea has been firmly established as a global production base for core display materials. This is partly due to intense competition in the industry between the two domestic heavyweights LG and Samsung. Chinese display makers are making aggressive investments in the sector, but investments in the materials and components for next-generation display are still concentrated in Korea, and China has some way to catch up the…