Korean News
BootstrapLabs and Coolidge Corner Investment Partner to Launch Bootstrap Accelerator Korea
2014년 02월 07일

Partnership creates first Korea-­focused accelerator for tech startups with a dedicated Silicon Valley Fast Track™ program Silicon Valley-­based BootstrapLabs, a global accelerator for foreign entrepreneurs and Seoul-­based Coolidge Corner Investment (CCVC), a technology venture firm with $22M under management, today announce the formation of BootstrapAccelerator Korea, a Seoul-­based 6 month accelerator program specifically designed to assist young and promising korean technology startups to relocate in Silicon Valley and build global businesses. Additionally,…

South Korean Startup Flitto Crowned ‘Best Startup In The World” At Seedstars World In Switzerland
2014년 02월 06일

The Korean ecosystem is buzzing with the news that one of their own, translation service Flitto, has this week been crowned as the best startup in the World at the final of the Seedstars World global startup competition. The team at Seedstars spent almost nine months travelling to 20 different cities across the globe to find the best startups in each region. The regional winners were then invited to the grand final, and offered…

Korean-American Is First To Benefit From A “Startup Visa” In Korea
2014년 02월 05일

The Korean government has just announced the long-awaited news that the first “Start-up Visa” in Korea has been issued to a Korean-American entrepreneur, Jason Lee CEO of J.J. Lee Company.  It is unknown why he was not able to apply for an F-4 visa, which is available for non-Koreans with Korean heritage, but it marks another stride forward in Korea’s massive push towards establishing its position as one of the world’s most vibrant…

Korean Language App Smatoos Helps Professionals Learn A Language While Snacking
2014년 02월 05일

Korean educational startup Smatoos has just launched an iOS app called Formula for English Conversation (our translation) for people in Japan and Korea, which focuses on improving English speaking skills, as reported in TechInAsia. It’s free, and the Android version will be released within the first quarter of this year. Like other English education apps out there, this app was developed to remove the common frustration of language learners who cannot come…

Groundbreaking Device-Device Technology From Korea, The Days Of NFC Are Numbered
2014년 02월 04일

Korean researchers have developed a next-generation mobile communication technology that enables devices to directly communicate, long range, without going through a base station. The solution allows direct communication between LTE devices, a world first, and was successfully demonstrated it in the company’s mobile communication lab. ETRI’s technology was highlighted by the international standardization organization, 3GPP, as a stand out new-tech innovation last year and was praised for having a wider communication range…

Another Korean Bitcoin Startup, CoinPlug, Raises $400k from US Investors
2014년 02월 01일

Korean startup Coinplug has closed an investment round paid partly in bitcoin. This news comes shortly after another Korean Bitcoin startup, Korbit, also raises $400k from a dream team of Silicon Valley investors, as reported by beSUCCESS here. Coinplug raised $400,000 from Cupertino-based fund SilverBlue, with half the amount raised in bitcoin and the rest in fiat currency. The startup plans to launch a digital currency exchange, wallet and merchant platform in Korea in mid-December….

18M Downloads And 3 Consecutive Quarters of $20M Revenue, Now A Global Launch on Line. Discover Korea’s Hottest Mobile Game
2014년 01월 31일

Having achieved 18M downloads and the number 1 spot in 20 countries back in 2009 with Oven Break, the company’s first release, Korean game developer Devsisters has just released their global follow-up, Cookie Run, on the Line games platform. Despite early success with Oven Break, they struggled to maintain momentum and effectively withdrew from the global market, choosing to focus on their home turf in Korea. This was due struggles in maintaining…

SparkLabs Global Ventures’ Technology and Internet Market Bi Monthly Review
2014년 01월 28일

The below is the review segment for Korea. For the full article please click here to be redirected. Samsung 4Q13 profits to fall: Samsung Electronics has estimated its operating profits for the fourth quarter of 2013 at about KRW8.3 trillion(US$7.8 billion), down 18% from the prior quarter. Consolidated sales for the 4Q are set to stay flat on quarterat KRW59 trillion, Samsung disclosed. The forecast operating profits represent a 6.1% decrease compared tothe KRW8.84 trillion…

S. Korea Global No. 1 For Innovation, Ahead Of Sweden And USA
2014년 01월 28일

While many believe that the USA leads the world in innovation, with Silicon Valley as the heart of everything, there are other nations that are making an impact. Bloomberg recently conducted a survey of 215 countries to determine their ‘Innovation Quotient’ and ranked South Korea as number 1 in the world for 2013. South Korea has achieved phenomenal economic growth over the last four decades, and is now is a position globally…

Korean Student Entrepreneur Helps Migrant Mothers Adjust to Overseas Life
2014년 01월 27일

Recent statistics show that 1.5 million to 2 million foreigners live in Korea, accounting for over 3 percent of the nation’s population. A range of programs are being offered to help them better adapt to life in Korean society. In a bid to help immigrant families, university student Ji Byung-ju came up with a unique idea early this year to provide immigrant mothers with postnatal services from midwives of the same nationality. “Despite…

Korean President Park GeunHye Hopes to Jumpstart the Weak Domestic M&A Situation
2014년 01월 27일

President Park Geun-hye championed her creative economy vision at this year’s meeting of the World Economic Forum in Davos, Switzerland. She suggested creative economy as a way out for countries experiencing slow growth amid high unemployment and income inequality.At the same time, she pitched Korea as an attractive place to invest to the participants in the forum. She held one-on-one meetings with the CEOs of some of the world’s top corporations to…

With $1.5 Million Investment, Korean Startup Smile Mom Launches Mobile Community For Moms
2014년 01월 27일

Originally posted on TechCrunch Moms feeling guilty about baby-spamming Facebook with their child’s photos and their every precious moment now have a more private alternative for those updates, thanks to a new mobile social network called Smile Mom. The app, which is designed to connect moms with others nearby, has already grown to 14,000 users during its beta testing phase. The founders behind the new app are formerly of Paprika Lab, a…

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…

Korean Startup, KPOP UNITED is Connecting Stars to Their Global Fans Through the Crowd
2014년 01월 23일

When asked about his ambition for KPOP UNITED, CEO Richard Choo said; “We are looking at every point of disruption in the K-pop industry and aim to leverage many of the exciting opportunities that we are seeing.” He believes that by helping stamp Korea on the map as a purveyor of the best of modern pop culture through K-pop he is also increasing the brand power of Korea as a nation. With…

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,…

Sunday Toz’s Anipang 2 accused of plagiarizing King’s Candy Crush
2014년 01월 16일

‘Anipang 2,’ SundayToz’s follow-up release to its big hit ‘Anipang’ from 2013 has been accused of plagiarizing one of their hottest competitor games, Candy Crush Saga. Until now, ‘Anipang 2’ has only made basic announcements about its developing, and not the details about the game. The title was released on Google Play Store on January 13th and showcases a different game stage structure from its predecessor, Anipang. The issue is that the new…

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,…

Kakao Aims to Launch News Service by Mid-2014, Bolstering its Platform
2014년 01월 16일

It’s been a while since we have reported any news from Kakao Talk, which developed mobile messenger KakaoTalk in 2012. The company now plans to make forays into the news services market, having established itself as one of the ‘new platforms’, which have been billed as one of the hot trends to watch for 2014. Kakao is preparing to provide news service on a curation format that enables users to take a…

Korean Camera App, Cymera, Passes 60M Downloads
2014년 01월 16일

Korean camera app Cymera, developed by SK Communications, has surpassed 60 million in cumulative downloads. Launched in March 2012, Cymera achieve over the 10-million downloads in just nine months and reached the 60-million milestone in just one year. It is also worthy of note that Cymera achieved 45 million downloads in foreign countries, a rare feat to be achieved by a Korean dev-house. Cymera gained popularity first in Southeast Asian countries, including…