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Startups & Investors

October 10, 2019
WeMakePrice to receive W400b from NXC, IMM Investment

WeMakePrice, an e-commerce platform owned by Wonder Holdings, is expected to secure 400 billion won ($334 million) in funds from existing investors -- game giant Nexon Korea and IMM Investment -- ind...
October 08, 2019
M2S shows off VR eye inspector at Middle East’s biggest tech conference

M2S, a South Korean healthcare startup, showcased its virtual reality medical solution at GITEX Technology Week at Dubai World Trade Center, in the United Arab Emirates, the company said on Oct. 8. ...
October 07, 2019
FuturePlay becomes 1st Korean venture investor to exhibit at TechCrunch Disrupt

South Korea’s early-stage venture investor and company builder FuturePlay became the first Korean investor to run a pavilion to exhibit portfolio startups’ products in US tech event TechCrunch Disrup...
October 07, 2019
1-year-old Tada unveils aggressive expansion plans

VCNC, the operator of ride-hailing service Tada, unveiled an aggressive nationwide expansion plan that would see it operate 10,000 cars and employ 50,000 drivers by the end of 2020, the company said ...
October 04, 2019
Coupang carries out second capital increase this year

Following the financial regulator’s recommendations to improve financial soundness, South Korea’s e-commerce platform Coupang increased its capital base. The company raised its capital by an estimat...
October 04, 2019
Lawmaker says fintech unicorn Toss breaking law, abusing ‘keyword marketing’

Seoul-based financial technology unicorn Viva Republica, known for its flagship money transfer app Toss, has interfered with the business of web portal operator Naver by misusing the practice of ke...
October 04, 2019
K-Ground gives foreign startups new territory to explore

To startups that are oceans away from South Korea, the high levels of connectivity and fifth-generation network commercialization here might seem too far off to be relevant. But a new initiative is ...
October 02, 2019
[INTERVIEW] Smart hearing aid startup Olive Union aims for W10b sales with new device

Seoul-based Olive Union hopes to step up its game with an upgraded hearing aid product, which is set to be launched in November. “We expect to post around 2 billion won ($1.6 million) to 3 billion w...
October 02, 2019
SparkPlus opens 11th shared-working space location

South Korean shared-working space operator SparkPlus said Oct. 2 that it has opened its 11th location in the affluent district Gangnam, southeastern Seoul. The new location, dubbed SparkPlus Seolleu...
October 01, 2019
TagHive wins startup award in India

Edu-tech startup TagHive said on Oct. 1 that it has won the IDA Education Award at DIDAC India, the nation’s largest conference for education and training sources held on Sept. 24-26 in the high-tech...
September 30, 2019
Lotte to create W62.7b fund for startups

Lotte Group announced on Sept. 30 that it has decided to create a fund worth 62.7 billion won ($52.3 million) to support its startup accelerator arm Lotte Accelerator. The group’s eight affiliates, ...
September 24, 2019
Market Kurly shifts to paper packages

Kurly, operator of grocery delivery platform Market Kurly, announced that it has decided to start its “All Paper Challenge” project from Sept. 25 to tackle criticism its packaging is not eco-friendly...
September 24, 2019
What’s at stake for S. Korea to create law for marketplace lending?

South Korea is on the verge of becoming the first country in the world to create laws dedicated to newly emerging alternative financing methods -- peer-to-peer loans and other forms of “marketplace l...
September 20, 2019
[INTERVIEW] Danggeun Market aims to scale up with new funds from Goodwater Capital, Altos Ventures.

South Korean online secondhand marketplace Danggeun Market aims to scale up its business with 40 billion won ($33.49 million) of funding that it secured from a consortium led by Goodwater Capital and...
September 19, 2019
E-mart joins hands with delivery startup Now Pick

E-mart, Korea’s largest discount chain operated by Shinsegae, has joined hands with local startup Now Pick to provide customers round-the-clock delivery service, according to industry sources on Sept...

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