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The Korea Herald

Startups & Investors

August 07, 2020
STIC Investments, Amorepacific and more - this week’s startup and investment update

STIC grabs Juvis STIC Investments is set to acquire Juvis Diet, a Korean weight-loss consulting chain, industry sources said on August 7. The Seoul-based private equity firm, which was selected as ...
August 06, 2020
Beauty app Zamface attracts W5.5b in series A funding

South Korean beauty video app Zamface said on August 6 that it has raised 5.5 billion won ($4.64 million) in series A funding from multiple investors to make inroads into the Southeast Asian market. ...
August 05, 2020
SkyLabs taps remote healthcare market with ring-type heart monitor

SkyLabs, a South Korean medical device startup, unveiled its first wearable device on August 5 to tap into a growing remote healthcare market. SkyLabs’ CART-I is a ring-type cardio detector that mon...
August 05, 2020
Grab expands financial products portfolio

Grab Financial Group, the financial technology arm of Southeast Asia-based ride-hailing app Grab, on Tuesday rolled out a series of consumer financial services, including microinvestment and microloa...
August 04, 2020
TechStars Korea Accelerator to kick-off first program in August

Colorado-based global startup accelerator Techstars is launching the first accelerator program in South Korea with 10 selected startups, the company said on August 4. Techstars Korea Accelerator is ...
August 03, 2020
Viva Republica launches credit card processing subsidiary

Viva Republica, operator of mobile fintech platform Toss, said on August 3 that it has launched a payment gateway subsidiary called Toss Payments. The establishment of the new subsidiary comes afte...
July 31, 2020
Line Man receives US$110M Investment, merges with Thai food app

Line Man, a delivery app operated by Line in Thailand, announced July 30 that it has landed an investment of $110 million from venture capital firm BRV Capital Management, marking the first time tha...
July 30, 2020
S. Korea to inject W40tr into ‘innovative’ champion firms

South Korea on July 31 unveiled a financial package to inject some 40 trillion won ($33.48 billion) into 1,000 selected innovative businesses over the next three years. The plan seeks to promote sy...
July 30, 2020
VCs mull exit plans as market recovers from pandemic impact

South Korea’s venture capital houses are actively seeking exit plans from their startup investments as promising firms are gearing up for initial public offerings following the stock market recovery,...
July 29, 2020
Contactless recruitment services shine at Lotte’s demo day

Lotte Accelerator, Lotte Group’s corporate venture capital and startup incubator, held its sixth demo day online as the COVID-19 pandemic continued to inhibit mass gatherings. The infectious disease,...
July 21, 2020
Kurly founder named among world’s top female fundraisers

Founder of Seoul-based same-day deliery startup Kurly, Sophie Kim, was listed among the top 10 female founders in the world by fundraising, data showed on July 21. The founder of Market Kurly had r...
July 20, 2020
[Interview] Former WeWork Korea general manager dives into proptech scene with platform Dongnae

Looking for a home, whether to rent or own, is an extremely time-consuming and painstaking job in South Korea. House hunters have to jump from one real estate agency to another to find the right o...
July 20, 2020
Korea’s homegrown AI medical solution enters Saudi market

The South Korean government Sunday expressed hopes of safely bringing its new artificial intelligence medical software “Dr. Answer” to local and overseas markets, after it agreed to export the soluti...
July 20, 2020
Silicon Valley engineer joins Coupang as new vice president to oversee Rocket Delivery

E-commerce giant Coupang has appointed software engineering expert Jeon Joon-hee as the new vice president of engineering for its express delivery service, the company said on on July 20. Jeon, who...
July 10, 2020
Where are business opportunities in post-COVID-19 era?

It goes without saying that the COVID-19 pandemic has brought fundamental changes to society, ranging from wearing masks becoming common etiquette to remote work and online classes being the new norm...

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