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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...
Bithumb, Yeogi Eottae, HanaTour indicted for data leak
Seoul Dongbu District Public Prosecutors’ Office said on June 19 that it has indicted three companies and their respective officials on charges of failure to prevent hacking attacks and leakage of private data.Two of three companies are startups, according to the prosecution.Facing court rulings are South Korea’s cryptocurrency exchange Bithumb operator BTC Korea, accommodation app Yeogi Eottae operator With Innovation and travel agency HanaTour. The companies’ respective high-
Capstone Partners sets up ‘Industry 4.0’ fund
Venture capital firm Capstone Partners said on June 17 it has set up a 50 billion won ($42 million) fund that will focus on the “fourth industrial revolution. The fund has been established in tandem with the Seoul City government and Korea Growth Investment Corp and Korea Telecommunications Operations Association. About 80 percent of the fund will be directed to companies with high technologies related to the fourth industrial revolution with 26 billion won to be invested in technolog
Taxi-sharing app operator Kornatus snaps W1.2b funds
South Korea’s taxi-sharing app operator Kornatus said on June 17 it has received 1.2 billion won ($1 billion) in early-stage round funding from domestic venture capital firms, just before the apps’ official launch. Investors in the round include newly founded VC Thoughts Become Things, as well as seasoned Bon Angels and SparkLabs Ventures.Related:Tada Premium gets approval amid controversyTaxi industry, Kakao Mobility reach breakthrough agreementCriticism grows over Kakao Mobility&rs
Korea-Finland joint startup events wrap up with 27-hour hackathon
Joint startup events hosted by entities from South Korea and Finland this week wrapped up June 12 with a 27-hour hackathon.At the Korea-Finland Joint Hackathon, 40 college students from Korea and 20 from Finland broke down into eight teams to come up with solutions to create eco-friendly cities. The event was co-hosted by Seoul-based hardware accelerator N15 and Finnish hackathon community operator Junction. The idea of using technology to create an “eco-friendly green city of the future&r
TMON promotes COO as new CEO in reshuffle
South Korea’s e-commerce marketplace startup Ticket Monster (TMON) has named its incumbent Chief Operating Officer Lee Jin-won as its new chief executive in yet another leadership reshuffle in eight months.TMON cited Lee’s performance in sales and marketing for the promotion. Lee joined TMON in October last year as COO and executive vice president. Formerly he worked at local e-commerce rivals WeMakePrice, Coupang and eBay Korea.The incumbent CEO Lee Jae-hoo’s future has yet to
After-school edutech startup Jaranda raises W3.1b in series A funding
South Korean education technology startup Jaranda has raised 3.1 billion won ($2.6 million) in series A funding from six venture investors, the startup said on June 12.Of the six, Kakao Ventures and 500 Startups are existing investors. Woori Bank, D. Camp, Daekyo Investment and KEB Hana Bank were new investors for Jaranda. In August 2018, the startup bagged 900 million won in funding from Kakao Ventures and 500 Startups. It also received seed funding from Korean accelerator Sopoong in March
Yanolja joins unicorn club with new $180m funding
South Korean accommodation booking platform company Yanolja has earned unicorn status with its value surpassing $1 billion after raising a combined $180 million from US travel service provider Booking Holdings and Singapore sovereign wealth fund GIC.Yanolja said the new funds will be used to build hospitality-related technology to speed up its global expansion. The company said it has also formed a strategic partnership with Booking Holdings, which operates leading online travel services, such a
Mashup Angels-backed startup offers AI-powered beauty recommendation
Not everyone watching online makeup tutorials have narrowed down their choice of streamers. Many are also not too willing to spend up to half an hour on such videos.South Korean mobile app Zamface has been launched to help viewers choose a streamer who offers beauty tips that best fit their skin tone and facial contours.“People start learning how to apply makeup at a young age and Zamface is out to help tailor the choices for these newbies,” said Yun Jung-ha, founder of Seoul-based s
June 20, 2019
