Korea
Meet Eight Accelerators in Seoul That Aim To Change The Fortunes of Startups in Korea and Beyond
2014년 07월 05일

The Korean startup ecosystem has been exploding over the last couple of years. As more interesting startups begin to emerge, so the support services to power their success also become more diverse and more mature. There are a number of key accelerator programs in Seoul now, that offer a range of services and finance for early stage Korean companies. Interestingly there is also now a distinct push towards helping Korean startups connect…

14 Resources for Korean Technology, Business, Economic, and Startup News
2014년 07월 04일

There are a number of good resources for finding information on Korean Technology, business and tech start- ups. Some are a bit more difficult to find, so here is a list of the most helpful news outlets and startup resources for Korea. beSUCCESS: If your reading this article than you no doubt know who beSUCCESS is and what we do. But just in case: beSUCCESS is a South Korean media platform about startups,…

Korean Government To Turn Its Back On Microsoft… And Use What Instead, Hangul?
2014년 07월 03일

As has been reported widely in Asia, South Korea is using the fact that Windows XP is no longer supported as a reason to walk away from Microsoft completely. While the rational for this stance makes sense; updating to new versions of the Microsoft software can be expensive and time-consuming, the government should also immediately discontinue its use of Hangul. Hangul is a Korean software package similar to MS Office that is used as the default (and…

Microsoft Lining Itself Up For Failure In The Tough Korean Search Market
2014년 07월 02일

Microsoft recently announced that it intends to fully enter the Korean internet search market later this year. This does not seem wise in a market that has been utterly dominated by Korean players for over a decade. Yahoo withdrew from the market after a fifteen year failed push into Korea. Google has fared a little better, having now climbed to around 10% – 15% market share, but it has been a long…

FuturePlay, Korea’s Newest High-Tech incubator Opens Its Doors to Inventors and Engineers
2014년 07월 02일

Junghee Ryu is a rare breed of Korean entrepreneur. Not only did he found a tech company that sold to Intel, but now he has decided to reinvest his returns into the Korean startup ecosystem and has opened his high-tech accelerator, FuturePlay, for business. Junghee founded Olaworks, an augmented reality technology company in 2006 and sold the company to Intel in 2012 for a reported $30M. Olaworks and a Silicon Valley-based tech company, both of which…

Merged Korean Gaming Powerhouses Launch Joint Gaming Platform to Combat Kakao & Line
2014년 07월 01일

Korean gaming giants, Gamevil and Com2us, which were in fierce competition for the last 15 years, are now actively seeking to create synergy in line with their M&A deal that we reported last year. Following Gameville’s acquisition of Com2us, the two firms have working towards release of their new combined platform HIVE, which is now live. After struggling against the huge success of KakaoTalk’s gaming platform (released in July 2012), the two companies…

Rakuten Ventures Launches $100M Fund, Expands Scope To NE Asia Israel & USA
2014년 06월 30일

Rakuten Ventures today announced the launch of a $100M global investment fund. This fund builds on the success of the Southeast Asia fund, which was launched in 2013 and counts Carousell, Visenze, Coda Payments and Send Anywhere among its investment portfolio. The investment in Send Anywhere is Rakuten’s first investment in a company outside South East Asia and their first in a South Korean startup, ESTMob. The new fund will target investments…

A look Into The Next Big Thing In Korean Mobile Dating, Seoul-based Startup Chinchin Lunches Beta Service
2014년 06월 25일

CHINCHIN is a social dating app that is creating a new type of interaction for the dating scene by connecting you with friends of your friends. This in a bid to remove the dangers of connecting online with complete strangers. Recently at beLAUNCH, the company won the Asan Nanum Foundation Prize, and $18k as a non-equity cash investment. With the increasing levels of spam on Facebook, people are now less willing to talk…

A Team of Korean Neuroscientists and Engineers Develops Wearable Tech To Combat Effects of Alzheimers
2014년 06월 23일

A team of Korean Engineers, PhD-level Neuro-scientists and ex-Googlers is taking on one of the most feared brain diseases we face in the modern age. Alzheimer’s Disease (AD) kills around 500,000 each year and the cost of care globally is estimated at $220Bn per annum. While this degenerative disease has no cure, YBrain has developed a solution for slowing the affects, with a rate of success believed to be greater than any…

SMATOOS Releases A New Tool to Help English Language Learners Sound More Natural
2014년 06월 20일

[metaslider id=”17793″] After the successful releases of BeNative apps in Korean, Japanese, and Chinese, SMATOOS is expanding its service with Speak Real English, an “English to English” learning application that helps English language learners practice through video lessons. With this app, SMATOOS hopes to provide an alternative to stuffy textbook learning and offer support to help users cultivate practical and natural-sounding English skills. “Speak Real English” features video content of real native English speakers filmed around…

Korean personalized Travel Guide Service, MyRealTrip, Raises $980k, Plans China Expansion
2014년 06월 19일

MyRealTrip, a Korean startup that provides overseas travelers with personalized guided tours in thier mother tongue has just announced their third round of funding. SmileGate Investment led the round, contributing 70% of the funding, with Capstone Partners joining. This Series A round has provided an injection of almost $1M to help the company build out their Android and iOS mobile apps and expand to include Chinese travelers visiting Korea, as well as…

Coupang, A Korean Next-Gen E-commerce Platform Raises $100M From Sequoia Capital, Reaches $1Bn Valuation
2014년 05월 29일

Coupang, a leader in next generation e-commerce based in Seoul Korea, has raised $100 million in financing led by Sequoia Capital, with participation by existing investors Greenoaks Capital Management, Rose Park’s Disruptive Innovation Fund and LaunchTime. This investment comes at a time when rumours about a possible IPO at some point in 2015 abound in the local Korean startup ecosystem, and follows in the same week that Korea’s other ‘mega-startup,’ Kakao Corp….

25 Year Old Korean Startup CEO Nets $2.5M Investment To Connect Fashion Addicts to Retailers
2014년 05월 27일

StyleShare CEO Jayoung Yoon is only 25 years old, but has built a formidable fashion and style platform and has just secured a further $2.5M to expand her vision globally. This series B investment from LB Investment follows a seed round from Primer (20M KRW), and a seed round from Suprema & the founder of Daum ($08.M). StyleShare as a mobile fashion contents platform that allows users to share what they are…

New Kakao-Daum Merger Aims to De-Throne Naver-Line And Expedite Kakao’s IPO
2014년 05월 27일

Kakao Corp, this week has announced an agreement to buy Korea’s second largest domestic Internet-portal operator Daum Communications in an all-stock deal. It is hoped that the deal will boost the merged entity’s presence in on both Web and mobile services. The deal comes at a time when tech analysts are heralding the end of messaging 2.0, as most independent messaging services which have seen enormous growth recently will now have merged or been…

Korean ‘Hello Market’ Raises $2.5M to Augment Their C2C Buying Platform In Asia
2014년 05월 22일

Hello Market, who have just announced their first funding round of $2.5M, is a C2C marketplace platform service that allows users to sell, buy, and exchange goods and services through mobile platforms (Android, iOS) as well as the web. According to Co-Founder Alber Hahn their goal now is to continue to apply, update, and expand upon the craigslist C2C commerce model, with a current focus on further expansion into Japan. The Hello Market…

Korea’s Banks Foundation and Singapore’s JFDI Announce Partnership to Connect & Accelerate Startups Across Asia
2014년 05월 22일

Over the last year collaboration between the startup ecosystems in North and South Asia has seen greatly increased velocity as resources come together to enable the rising tide in Asian entrepreneurship to accelerate. And in recent days Joyful Frog Digital Incubator (JFDI), an accelerator based in Singapore, and the Banks Foundation for Young Entrepreneurs (Banks Foundation) a community centre for Korean entrepreneurs in Seoul, have announced a partnership. This formal collaboration aims to…

Korean Startup ESTmob Behind File-sharing App Send Anywhere Raises $1M From Rakuten Ventures
2014년 05월 20일

Originally Posted by TechInAsia ESTmob, the Seoul-based team behind file-sharing app Send Anywhere revealed today it has completed a US$1 million seed round led by Rakuten Ventures. ESTmob co-founder Suhyuk Kang said that they will use the funding to expand their user-base around the globe and ramp up the app’s feature set. Send Anywhere delivers a basic, somewhat mundane utility to device owners. After one downloads the app, a user selects a…

500 Startups, Gangnam Style!
2014년 05월 08일

500 Startups: Asia is all about the mobile internet. And one particular country, home of amazing food and amazing connectivity has quietly been a technology leader not just regionally but worldwide. That’s right, I’m talking about Korea: home of 2NE1, PSY, Samsung, and a quickly growing tech startup scene. For a country of roughly 50 million people, Korea is disproportionately important in technology. Did you know that it was ranked second in the world…

The Future is Asia: Perspectives from beLAUNCH Speaker, Soujanya Bhumkar
2014년 05월 04일

Soujanya Bhumkar, Coolris CEO, will speak at this years beLAUNCH conference, Korea’s premier start up and tech event. The explosion of the selfie has become part of creating a new type of human experience and  Cooliris believes in augmenting the impact of these snaps, through personal media which is shared privately. Coolris was founded on the core principal of improving the user experience when browsing media and information on the web.  From…

Food Delivery App War in Korea Heats Up: Yogiyo Vs Baedari-Minjok
2014년 05월 02일

Food delivery in Korea is among the best in the world, and there are now two heavyweights battling it out for ultimate supremacy. Yogiyo was founded by Team Europe as a quasi-copycat app to the existing local player, and allows ordering by either calling the restaurant directly or by using an in-app quick messaging service. As a foreigner, the addition of the quick messaging service is really handy. It means I don’t…