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Aroundus launches job-searching service for freelancers, students
Korean startup Aroundus has rolled out an eponymous website for the talented, but often underrepresented in the job market, namely students and freelancers.The job-searching service is roughly tailored after existing platforms such as LinkedIn, but the similarities stop at the surface, according to founder and CEO Dan...
[Herald Interview] Linkflow seeks to be Korea’s first hardware unicorn with 360-degree wearable cameras
They may look like Bluetooth neckband headsets, but Linkflow’s FITT360 and NEXX360 are cameras that allow users to capture 360-degree shots of their surroundings. FITT360 and NEXX360 each have four cameras which constantly take photos and instantaneously process them into 360-degree videos. This camera concept was born out of founder Kim Yong-kuk’s romantic desire to capture the beautiful scenery of his honeymoon in Hawaii in all its glory. Kim, who had at that point had
Tmon vows to turn profit by 10th anniversary
Tmon, an e-commerce platform in South Korea, promised on May 22 to turn profit this year as it marks its 10th anniversary. With the goal of going public, the firm’s Chief Executive Officer Lee Jin-won revealed his ambition to lead the e-commerce market. "Tmon is a company that has been labeled the most as ‘the industry’s first,’ in Korea’s e-commerce market. We started as the country’s first social-commerce (provider), and now created the title &lsquo
KT CEO meets venture capitalists amid COVID-19
KT CEO Koo Hyun-mo on on May 20 met with representatives of venture capital firms, urging them to look into new opportunities to prepare for the post-coronavirus era, the firm said Thursday. Speaking during a seminar hosted by the telecommunications firm, Koo discussed some new business areas -- online education solutions, telecommuting platforms, telemedicine and others -- where the new coronavirus had strengthened demand. Some 40 executives from up-and-coming venture capital companies we
Regulator says 16 fintech firms attract over 136 bln won in investment
Sixteen fintech firms and startups have attracted a combined 136.4 billion won (US$111 million) in investment over the past year as the country is pushing to promote the fintech industry, South Korea‘s financial regulator said on May 14. The investments came a year after South Korea introduced a regulatory sandbox meant to allow fintech firms using new technologies, such as blockchain and big data, to develop new financial services without regulatory hurdles. The move came as South Ko
Korean startups consider COIVD-19 an opportunity: survey
Korean startups find the COVID-19 pandemic positive for the country’s startup ecosystem in the future, a survey by the Ministry of SMEs and Startups showed on May 12. Out of 492 respondents, 42.5 percent said the COVID-19 pandemic will bring about either a very positive or positive impact on the startup ecosystem. Almost 65 percent of them said that there will be more chances for new business ideas due to changes brought about by the pandemic, while 40 percent of the respondents also exp
SK Holdings leads Hummingbird Bioscience’s $6.5m Series B extension funding
SK Holdings said Monday it is the lead investor in Singapore-based Hummingbird Bioscience’s $6.5 million Series B extension funding round. Hummingbird Bioscience, founded in 2015 in Singapore by former members of global pharma giant Sanofi, researches for novel antibody drugs. Antibody drugs are immunoproteins that selectively dock on, and attack, malignant proteins that become seeds for tumors and diseases. Hummingbird Bioscience is specially armed with a platform technology call
Grocery delivery firm Market Kurly attracts W200b investment
Market Kurly, a fast-growing grocery delivery startup, announced on May 8 that it has attracted 200 billion won ($164.3 million) in Series E funding. Led by investment firm DST Global, a group of global investors, including Hillhouse Capital, Sequoia Capital China, Fuse Venture Partners, SK Networks and Translink Capital and Aspex Management participated in the new round of funding. The Series E brings the South Korean startup’s total funding to 420 billion won. The new funding round c
VCs’ overseas investments increase in Q1 despite COVID-19
Overseas investments by Korean virtual capitalist firms rose in the first quarter this year despite the COVID-19 pandemic, data showed May 7. According to data compiled by Korea Venture Capital Association, carried out after surveying 30 investments abroad, worth a total of 104.9 billion won ($85.5 million). This compares with 40.6 billion won in 12 rounds of investments recorded the same period last year. KB Investment allocated 54 billion won in five companies, while SoftBank Venture exer
May 28, 2020
