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THE INVESTOR

Start-ups

Asian startups pitch to attract Korean investors

  • PUBLISHED :November 12, 2017 - 16:01
  • UPDATED :November 12, 2017 - 16:01
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[THE INVESTOR] Tech and life sciences startups from Singapore, Hong Kong and Australia took part in a showcase event to woo Korean investors Friday.

The 2017 Korea Asia Pacific Emerging Company Showcase was co-organized by Australia-based Wholesale Investor and Korea Venture Capital. Korean media partners for the event were The Investor and The Korea Herald. Korea Exchange supplied the venue and also took the opportunity to introduce its services to companies that attended.

“This is a part of wider cross-border cooperation, and the first step is to bring Australian and Singaporean companies to Korean investors. For the next step, we will introduce Korean startups to foreign investors,” said Steve Torso, founder and managing director of Wholesale Investor. 



Companies prepare to present at the Korea Asia Pacific Emerging Company Showcase on Nov.10 in Seoul.


Ten companies took part, introducing both online and offline business models.

One company that stood out was LifeArt Co., which produces eco-friendly and affordable coffins.

“Our coffins produce 70 percent fewer emissions during cremation than traditional ones but it feels and looks just like traditional ones,” Grehan said.
He also said Asian markets like China and India would become huge markets as millions of people are cremated annually, adding that the firm is looking for Korean partners, as well as investors.

Another company that attended the event was CanYa, a firm offering a blockchain-based marketplace for peer-to-peer services where users can send and receive cryptocurrencies.

“We strongly believe in this business model, which is backed by strong growth in the cryptocurrencies market. We’d like to introduce it to Korean investors,” said its Chief Operating Officer Jet Yap.

Other financial technology-based companies included Matchmove Pay from Singapore, which provides a secure plug-and-play banking platform that includes payments, cross-border remittances, lending and cryptocurrencies. The company already serves 100 enterprises.

Another company at the event was Fantasy Sports Global, a real-time sports-driven social platform that comes with a unique non-wagering fantasy sports and media placement solution. Daniel Simic, CEO of the company, said he is thinking of launching a service for Korea’s sports enthusiasts.

Ducere Group, an online platform for higher education, came to the event to find investors and partners. It is planning an initial public offering within two years. E Agri said it would tackle the world’s food problem by developing an automated, modular vertical cropping system. Meanwhile, Blue Sky Biologicals is betting on the world’s growing interest in cannabis compound cannabidiol formulations for medicinal purposes. Greenfields Exploration explores large, high-grade copper, cobalt and nickel deposits in mining-friendly Greenland.

By Park Ga-young (gypark@heraldcorp.com)

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