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The Korea Herald

Startups & Investors

November 12, 2019
Key takeaways from IFC’s ‘Connecting Korean Fintechs with Asia’

Since its first electronic inter-bank transaction in 2001, South Korea has observed a fast-paced financial technology evolution, coupled with high mobile and internet penetration and the latest dereg...
November 12, 2019
MashUp Angels funds tech startup Lion Rocket

South Korean startup accelerator MashUp Angels announced on Nov. 12 that it has decided to fund deep learning-based tech startup Lion Rocket. “We expect Lion Rocket to become a top company in the do...
November 12, 2019
DamoGo aims to make impact by reducing food waste

Food tech startup hopes to raise awareness of food waste in Korea More than 820 million people still suffer from hunger due to food shortages, according to a recent United Nations report. However, d...
November 11, 2019
Startup Alliance to co-host 3rd Berkeley VC Academy Korea

South Korea’s nonprofit organization Startup Alliance said on Nov. 11 it plans to co-host a three-day training program with Berkeley Center for Law and Business at University of California in Decembe...
November 11, 2019
Singapore-based M-Daq raises pre-series D to expand to Korea

Singapore-based financial technology startup M-Daq said Nov. 11 that it had raised an undisclosed pre-series D round from multiple investors, including Samsung Venture Investment, to expand its cross...
November 10, 2019
Global Innovator Festa selects 46 teams with entrepreneurial potential

“The most challenging part of getting something out of startup ecosystems is getting into one, and that is 100 percent dependent on you,” said Antti Hammainen from Finland, who gave a keynote speech ...
November 08, 2019
SOSV seeks promising Korean startups

SOSV, a global accelerator venture capital, hopes to seek promising Korean startups for its upcoming new batch, the company’s analysts said at an event hosted by Korea Institute of Startups and Entre...
November 08, 2019
Banban taxi operator aims to reach 100,000 users this year

Taxi ride-sharing app Banban taxi operator Kornatus said on Nov. 8 that it aims to reach 100,000 users by the end of this year. “By offering better services and adding value, we are aiming to increa...
November 07, 2019
Furiosa AI secures W8b in investments

Furiosa AI, a 3-year-old startup that develops artificial intelligence chips, has secured 8 billion won ($6.9 million) in investments from Naver and DSC Investment, Naver said in a statement on Nov. ...
November 07, 2019
Lotte Accelerator hosts demo day in Busan

Lotte Group’s startup accelerator arm Lotte Accelerator announced on Nov. 7 that it has hosted a demo day event for its first batch startups of L-Camp Busan. The Korean company aims to support the s...
November 07, 2019
Adtech startup spaceAdd snaps up W2b from Altos Ventures for advertisers’ efficiencies

SpaceAdd, a South Korean startup dedicated to digital out-of-home advertising technology, has raised 2 billion won ($1.72 million) funding from Silicon Valley-based early-stage venture investor Altos...
November 06, 2019
Ministry gears up to host tech forum for startups

The Ministry of SMEs and Startups on Nov. 6 rolled out plans to host a two-day tech event later in November in its move to jumpstart a paradigm shift from the state-led coordination model in order to...
November 01, 2019
Silicon Valley-based molecular diagnostics startup Kryptos raises $2.7m pre-series A

Kryptos Biotechnologies, a Silicon Valley-based startup developing a diagnostics platform for cancer at a single-cell level, has snapped up $2.7 million in pre-series A round funding. The funding ca...
October 31, 2019
S. Korea passes new law for P2P lenders

South Korea’s parliament on Oct. 31 passed a new law that is expected to brush off legal gray areas for peer-to-peer lenders here once it goes into effect. The separate bill, loosely translated as “...
October 31, 2019
Kospi-listed logistics firm buys stake in airport pickup startup Buxi

Caris Kukbo , a Seoul-based logistics transportation firm trading on South Korea’s main bourse Kospi, said Oct. 31 it has bought a 21.05 percent stake in airport pickup and chauffeur service startup...

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