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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...
JobPlanet launches big data analytics team
[THE INVESTOR] JobPlanet, a crowdsourced corporate data startup, said on June 19 that it has launched a big data analytics team, to gain more insight into corporate HR and consequently offer more reliable information for job seekers.The newly established unit, named HR Labs, will publish reports on a regular basis, highlighting four categories -- corporate culture, brand competitiveness in the job market, salary and employee benefits, and business risks. All the information in its reports will b
Toss gets US$40m funding from GIC, Sequoia
[THE INVESTOR] Viva Republica, the Korean fintech startup that is behind mobile payment app Toss, on June 18 said it received US$40 million investments from Singapore’s sovereign fund GIC and Sequoia China. The deal brings the total funding raised by Viva Republica to US$116 million, including the past funds from PayPal, Goodwater Capital and Altos Ventures. It is both GIC and Sequoia China’s first investment in a Korean startup. “This bridge round is a strategic investment which will enable us
Pearl Abyss sets up new VC arm
[THE INVESTOR] Pearl Abyss, a local game maker which reaped success with online role-playing game “Black Desert,” has decided to establish a new venture capital firm called Pearl Abyss Capital, the company said on June 14. The decision was made at the game maker’s recent board meeting. Pearl Abyss will inject 20 billion won (US$18.42 million) into the new VC arm. Kim Kyung-yub, who formerly served as director of local VC Atinum Investment, will head Pearl Abyss Capital. He comes with experience
[INTERVIEW] WeWork Labs opens first Asian operation in Seoul
[THE INVESTOR] Innovation is often driven by tiny startups as seen in the case of tech giants Google, Facebook and Apple, which all began small. In Korea, similar success stories of fledgling businesses growing to be unicorns have inspired entrepreneur-wannabes to jump on the startup bandwagon. To support these early-stage startups, WeWork has been renewing its push for its accelerator program WeWork Labs.“Only a minority of businesses in the world are early-stage startups, but future revolution
SoftBank, Naver invest US$20m in Indonesian co-working space EV Hive
[THE INVESTOR] SoftBank Ventures Korea, the venture capital arm of Japan’s telecom giant, on June 5 said it has led a US$20 million Series A funding round in Indonesian co-working space operator EV Hive. Along with Naver, local private equity firms H&CK Partners, STIC Investment, Tigris Investment and Line Ventures -- VC arm of Line -- participated in the latest round. Existing investors from the Southeast Asian region, including East Ventures, SMDV, Sinar Mas Land, Insignia Venture Partners and
Zikto, AXA to launch blockchain-based insurance products this year
[THE INVESTOR] Korean insurtech startup Zikto said on June 1 it has signed a memorandum of understanding with AXA Direct Korea, an affiliate of French insurance giant AXA Group, to jointly develop more customized insurance products based on blockchain technology. Zikto will provide application programming interface, or API, and its digital coin Insureum to be used on the platform, while AXA will be responsible for the development, marketing and sales of insurance products. Their first collaborat
[INTERVIEW] Ticket Monster founder embraces role of venture capitalist
[THE INVESTOR] Daniel Shin who founded Ticket Monster, one of the nation’s largest e-commerce platforms, has turned into a venture capitalist to fund early-stage startups and be their mentor. He has recently set up Bass Investment together with co-founder Kang Joon-yeol, former chief strategy officer at Kakao, and CEO Joo Hwan-soo, former service chief of KakaoTalk. Unlike other VCs here getting funds from the government, Bass is a private equity fund with the initial funding worth 28.6 billion
[INTERVIEW] DICO ready to connect with Latin American hallyu fans
[THE INVESTOR] Park Se-bin, 29-year-old CEO of DICO, a Korean language service provider for Spanish speakers, is set to embark on a 10-month trip to Chile next month, during which he will be setting up his firm’s Latino base camp. DICO, coined from the words Disfruta Corea that means Enjoy Korea, was selected by Start-Up Chile, a public startup accelerator created by the Chilean government, which is one of the top 10 seed accelerators in the world. The goal of DICO is to become the best in its l
June 22, 2018
