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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...
Coinduck aims to bring more efficiency to mobile payments
After the cryptocurrency frenzy from late 2017 to early 2018, public interest toward digital coins has dramatically dwindled along with the prices.The value of marquee crypto currency bitcoin that once surpassed $20,000 per coin now hovers around the $5,000 level. Ethereum, or ether, the second-largest digital currency by market capitalization, has marked more than a tenfold decrease in valuation after reaching a high of $1,400 in January 2018.Despite this, crypto developers and blockchain compa
Himedi names former Kakao Mobility exec as CPO
Medical concierge service startup Himedi said on Aug 13 that Yoo Gwang-jin, a former Kakao Mobility executive, has been appointed as chief product officer in a bid to beef up its online platform that connects Middle Eastern patients with hospitals and clinics in South Korea.Yoo is a service planning expert who has worked for tech firms, including NHN, Naver Business Platform and Kakao. While working at Kakao Mobility from Aug. 2017 to July 2019, he played a key role in developing the taxi hailin
[INTERVIEW] Now Pick aims to open over 40 new centers by 2020
South Korean startup Now Pick, which provides customers round-the-clock delivery of daily use products, aims to expand its presence here by opening more centers by the end of 2020.“We estimate that it is possible to provide our service in all areas of Seoul if we open 40 to 45 centers.” CEO Song Jae-chul said during an interview with The Investor. “Recently, we opened our third center in Songpa-gu, followed by our two more centers in Yeoksam-dong and Hwagok-dong.”Now Pick
Toss operator Viva Republica secures $64m at $2.2b valuation
South Korean unicorn startup Viva Republica, the creator of mobile financial service platform Toss, has secured $64 million at a valuation of $2.2 billion in recent fundraising led by Hong Kong-based equity investment firm Aspex Management, the company said Aug. 8. Joined by returning investors, this round will bring the total raised to date to about $250 million.It also marks the first investment in a private company by Aspex Management, an Asian equity investment firm founded in 2018 that inve
Same-day seafood delivery service Onul-Hoi bags W4b series A funding
South Korean same-day seafood delivery service app Onul-Hoi has secured 4 billion won ($3.3 million) in series A funding from multiple investors to expand its delivery service and carry out marketing, according to the startup on Aug. 7. Korean venture capital firms KTB Network and Korea Investment Partners as well as existing investors Daesung Private Equity and Soorim Venture Capital joined the round.This came eight months after the startup received a combined 800 million won for the seed fundi
Kakao Ventures invests in networking platform Namezip
Kakao Ventures, a venture capital specialized in early-stage investments, has invested in Namezip, a networking platform for people who want to share their hobbies and their living rooms, the company said Aug. 6. The venture capital and MYSC, a social impact investment firm, invested 300 million won ($24,800) in the seed funding of Namezip, a name meaning “someone else’s house” in Korean. It is a networking platform where hosts can meet guests with similar interests. Users
Mobility platforms rush to join forces with taxi companies
Following the recent measures unveiled by the government to resolve the conflict between the taxi industry and mobility platforms last month, Kakao Mobility and VCNC are rushing to secure what have become much-needed resources -- taxi companies and licenses. While industry players are still awaiting detailed guidelines, these companies are scrambling to make up for the lost time and opportunities. Related:Mobility firms disappointed with new regulations on ride-hailing servicesKakao Mobilit
Future Class Network hopes to cultivate entrepreneurship among youth
CEO suggests flipping traditional educational methods to solve real problems For many students in South Korea, acing tests at school and going to prestigious universities remain the primary goals. Students and parents still tend to believe academic qualifications ensure success in the form of jobs, income and future relationships.In an effort to send as many of their students as possible to top-tier colleges and universities, high schools also focus on preparing students for the national college
August 18, 2019
