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Kim Bong-jin, the founder and chairman of a local delivery app operator Woowa Brothers, on February 18 joined the bandwagon of South Korea‘s self-made and young rich donating substantial amounts of their assets to society. Kim said he and his wife have joined The Giving Pledge, a global campaign...
E& Investment, a South Korean venture capital that specializes in the bio and health care sectors, said Thursday that NeuroBo Pharmaceutical, in which the company owns a 40 percent stake, had acquired a US COVID-19 treatment developer. NeuroBo, a Nasdaq-listed clinical-stage biotechnology company,...
QARA Soft, a South Korean fintech startup, said Nov. 24 that it has raised $3 million from Mirae Asset, Naver, Nexon’s NXC and Kinsley Asset Management in its Series A funding round. QARA, founded in 2014, provides a robo-adviser solution called Market Dreamer to a slew of local financial firms, ...
Bucketplace, which operates interior decor platform Ohouse , raised $70 million in its Series C funding round, the South Korean startup announced on Nov. 23. With the latest fundraising, the company has raised a total of 88 billion won ($79.15 million) in investment. The latest funding round was...
South Korea’s leading fintech startup Viva Republica is set to launch a mobile brokerage unit in the first half of next year as it received operational approval from the financial regulator. Named Toss Securities, the envisioned brokerage is the first local securities firm to be set up in 12 yea...
Imagine a small, cute chick just hatched. Within a few days, the chick is tossed into a machine that grinds it up. It’s called chick culling – though the chicks are sometimes gassed or suffocated -- and is an industry-wide practice. About 7 billion male chicks are culled each year. There is an e...
The world of venture investments is largely constrained to experts like venture capitalists and entrepreneurs who are well-versed in the industry. But what if the role of finding promising startups was extended to everyday people? This is exactly what Ho Chang-seong and Moon Ji-won, the co-founder...
The Ministry of SMEs and Startups is set to hold the nation’s largest startup competition, Challenge! K-Startup to select and reward startups with promising business ideas, during the Come Up 2020 period, officials said on Npv. 12. The startup competition is held as a special event of Come Up 20...
Kasa Korea, a real estate investment platform operator, on Nov. 12 unveiled the first property to be listed on its platform, offering retail investors relatively easy entry into the property investment market in the form of small-sum securities. The corresponding property is Yeoksam London Vill, ...
A local startup on Oct. 28 unveiled the nation‘s first commercial securities lending system targeting institutional investors at home and abroad to help them prevent errors that can lead to naked short selling activities against the law, often unintended. TruWeb, new securities lending platform ...
Car sharing firm Socar said on Oct. 16 that it has newly attracted 60 billion won of funding from investors, achieving unicorn status with a corporate value of 1 trillion won ($872.6 million). With Socar’s latest addition to the unicorn list, South Korea now has 12 unicorn companies, including e...
Yanolja, the largest accommodation and leisure activity booking platform operator in South Korea, is taking steps toward an initial public offering, according to news reports Tuesday. The accommodation booking services firm is a local startup unicorn with a market value exceeding 1 trillion won ($8...
The offering price of shares of Big Hit Entertainement, a local agency behind K-pop sensation BTS, was fixed at 135,000 won ($115.04) per share, the top end of its indicative price range, the company said in a regulatory filing on Sept. 28. At the two-day book building which wrapped up on Friday,...
Standard Chartered Bank Korea said on Sept. 28 that it has partnered with Toss -- a financial services app operated by Viva Republica -- to launch a short-term lending program on Wednesday. Under the partnership, SC Bank Korea outsources credit evaluation process to Toss. SC Bank Korea is the fir...
Kasa Korea, a property technology startup, said on Sept. 24 it has raised some 9.2 billion won ($7.8 million) in a series B funding round. The latest funding was led by the state-run Korea Development Bank. Silicon Valley venture capitals and domestic investment firms, including Northern Light Ve...
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