A Seoul-based startup building cloud-based, automated machine learning tool is coming out of stealth mode with a new product and $1 million investment. While working on a security…
Author – Baek Kyoum Kim
Lablup, a Paas Solution for Computing-Based Research, Raises 2 Billion KRW from K-Cube Ventures and…
Lablup, a Paas solution for computing-based research, announced that it raised 2 billion KRW from K-Cube Ventures and Stonebridge Venture Capital. With advancements in machine learning…
Anyfi Brings Scale to WiFi via Peer-to-Peer Mesh Network
“If we could do it, we could build a completely decentralized version of our current internet,” Hendricks says in HBO’s Silicon Valley. In the latest pivot of a startup Pied…
MWC Shanghai 2017 Hosts ‘IoT Summit’ to Discuss the Future of the Connected World
Mobile World Congress Shanghai will be held in Shanghai from June 28th to July 1st. There will be 650+ exhibitors and 65,000+ attendees to showcase and discuss current trends in mobile…
SoftBank Vision Fund Announces First Major Close with over U.S. $93 Billion in Capital
The SoftBank Vision Fund closed its first major capital fund with over $93 billion USD. In addition to SoftBank Group and the Public Investment Fund of the Kingdom of Saudi Arabia as…
Naver & Softbank Ventures’ SB Next Media Innovation Fund raises additional 50 Billion Won
SB Next Media Innovation Fund, initially formed by Naver and Softbank ventures, raised an additional 50 billion won ($44.7 M USD). This raise was fully funded by Naver, making the total…
Didi Chuxing raises $5.5 B with valuation higher than Xiaomi’s
China ‘s largest taxi dispatch application Didi Chuxing confirmed its $ 5.5 billion raise in funding. Didi Chuxing will establish a research institute in Silicon Valley as a global…
Microsoft Accelerates Korean Market Penetration with ‘Intelligent IoT’
Microsoft announced on the 27th that they will actively support enterprises’ Internet of Things (IoT) and AI strategies through Microsoft Intelligent IoT solution. In order to facilitate…
FiscalNote Korea’s ‘Nude President’ Shows Your Matching Rate with Each Presidential Candidate
A service that matches users with the best fit presidential candidates based on their preferences on candidate’s policies and commitments has been gaining strong popularity in Korean…
K-bank and Kakao Bank Signal the Era of “Banking-Everywhere”
K-bank, Korea’s first internet bank, officially opened on April 3rd with over 20,000 registrations in one day. K-bank allows users to access commercial banking services 24/7…
‘Koreans in Silicon Valley 2017’ Shares Insights with Talents in Korea
Korean IT professionals in Silicon Valley have gathered at Naver Corp. Green Factory on March 27th to share their experiences. They participated as speakers at the ‘Koreans in Silicon…
2016 Korean Startup Investment Trends
Platum published a research report analyzing 2016 annual Korean startups’ investment trends. The report summarizes the monthly investment trends, investments by scale, investments…
Solving Societal Issues Through Technology, AddCampus
“70% of students regret about their college/major choice” Founder of TENDOM, Wonil Yoo wants “AddCampus to serve as a compass for students to have the best time in…
Startup Ecosystem Profile – Korea vs. China
“On average, Chinese startups begin with $16,508 USD of seed money, whereas US startups, $17,827 USD and Korean Startups, $27,221 USD.” Global Entrepreneurship Monitor -…
Finding your co-founder in Korea
“My startup could not grow because I couldn’t find a talent” A startup founder shared his struggle in recruiting top talents in Korea. His startup’s service was experiencing an…
Why VCs are investing in Korean Startups
“Woowa Bros surpassed $10M USD in revenue last year. Even in US, that is challenging. Achieving this within five years in Korea proves that the Korea is not a small market.” Han Kim…
Korean startups sweep innovation awards at CES 2017
CES 2017 has drawn to a close, showcasing innovations that will set the tone in the consumer electronics industry for the rest of the year. Living up to expectation as the place to check…