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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...
SoCar CEO to counter lawsuit by taxi drivers
As the opposition to carpooling services by taxi operators is heating up here, prominent startups are against such moves to stall disruptive technologies that benefit customers.“I think it’s probably just some taxi drivers, but please stop harassing companies in a new industry with different standards,” Lee Jae-woong, founder and CEO of mobility company SoCar, wrote on Facebook on Feb. 18 in response to a lawsuit filed by taxi drivers. On Feb. 11, nine taxi drivers including officials from the S
Google’s AI plan to understand everything about humans can go wrong: expert
The fast advancement of artificial intelligence technology has been triggering concerns that the world could be colonized by AI-powered robots as described in the “Terminator” movies. Mostly such doomsday scenarios are being forecast, and often hyped up by the media, but even some renowned figures in the tech sector, like Elon Musk of Tesla, have warned of potential risks of super intelligent robots.Carlos Art Nevarez, CTO of artificial emotional intelligence firm BPU.Carlos Art Nevarez, chief t
Book club operator startup Trevari fetches W5b investment
South Korean online book club platform operator Trevari has received a combined 5 billion won (US$4.44 million) investment from venture capitalists Softbank Ventures Asia and Fast Investment.This marks the first round of investment in the startup founded in 2015, said Seoul-based Softbank Ventures Asia on Feb. 12, which made a 4.5 billion won investment. Courtesy of TrevariTrevari runs a subscription-based platform through which subscribers join book clubs that meet in person. A four-month memb
WeWork’s Seoul Creator Awards attracts highest number of applicants in Asia
Co-space giant WeWork announced on Feb. 11 that it has received more than 1,000 applications for Seoul Creator Awards, an event for creators that will be co-hosted with Seoul Metropolitan Government in the city.The number, highest in Asia since the competition was first held in March 2017, reflects the popularity of the event among creators in Korea, the company said. “I was aware of the fact that Korea is full of creators with enthusiasm and capability, but I am truly impressed with the number
Korean fintech unicorn eyes internet-only bank with Shinhan
Viva Republica, a financial technology service startup with its flagship money transfer mobile app Toss, announced on Feb. 11 that it has joined hands with Shinhan Financial Group to establish an internet-only bank in Korea. Related:Fintech unicorn Viva Republic to offer W1b stock options to employeesToss lands US$80m investment to become Korea’s first fintech unicornThe consortium led by Viva Republica and Shinhan is the first one to reveal its intent to jump into the banking industry, followin
S. Korean lawmaker urges bill to endow more voting power to startup founders
A lawmaker from South Korea’s ruling Democratic Party of Korea urged the passage of a bill that would allow venture companies to issue common shares with different voting rights and grant startup founders more voting power on Feb. 10, amid opposition that the potential move would undermine the principle of equal treatment of shareholders. Democratic Party Rep. Cho Jeong-sik speaks at the parliament on Feb. 10.YonhapThe parliamentary bill is designed to encourage a “stable growth of venture compa
Yanolja hopes to raise US$300m from overseas
The operator of Korea’s No. 1 accommodations booking app Yanolja is looking to raise US$300 million or more from foreign investors by selling equity, according to industry sources on Feb. 8.Related:Yanolja hires former Tesla Motors Korea chiefYanolja named most popular accommodation app in KoreaYanolja to acquire Singapore-based startup ZenroomsUp for sale are some 15 percent of existing shares owned by financial investors not identified to the public, roughly valued at 150 billion won (US$133.5
K-fashion pressed to think outside the box
Instagram is spilling over with feeds keeping up with a fashion marathon that started last month with the launch of menswear collections and haute couture shows in Europe. New York is also buzzing with its 10-day runway shows, after which the “fashionable herds” will cross the Atlantic to attend more events in London, Milan and Paris. K-pop stars including GD and TVXQ! were spotted in the front row for the likes of Chanel and Prada. Big name designers have long been wooing Korea and more recentl
February 19, 2019
