Storets, an online women’s clothing retailer, secured a 1 billion KRW (900K USD) investment on March 27. Early stage venture capital firm Bon Angels and Silicon Valley-based Big Basin…
Author – Sohee Ryuk
SparkLabs Announces the Members of Its 5th Accelerator Program
On March 12, SparksLabs, a South Korean startup accelerator and a member of Global Accelerator Network (GAN), announced twelve startups that will partake in its 5th accelerator program. The…
Yello Mobile Acquires Indonesia’s Adplus
On March 5, South Korea’s mobile services group Yello Mobile announced that it had acquired Adplus, an Indonesia-based digital advertising company. The acquisition is Yello Mobile’s…
Classting secures an additional 3.5 billion KRW Investment
Dave Cho, CEO of Classting, an SNS service for educators and students, announced that the service has secured a total investment of 3.5 billion KRW ($3.17 million) in December 2014. Of the…
ParkingPark collaborates with Tomato for Smart Parking System
Wise Mobile’s ParkingPark, an app that helps users find available parking spaces, collaborated with Tomato Electronics, which specializes in parking systems and solutions, to create an…
Coco Biz, a Dating App for the Workplace
Coco Biz, a dating app that targets corporate employees, launched on Feb 4. The service aims to provide single employees with possible love interests. In contrast to other online dating…
English educational tutor BeNative Premium launches in Japan
BeNative Premium, a business English education app, launched in Japan. BeNative Premium is a combination of both offline and online English programs. The service is currently only available…
Hey Dealer connects used car owners with dealers
Hey Dealer taps into Korea’s used car market by connecting car owners with dealers, who place bids for the right to sell the car. The app, launched in October of 2014, has accumulated…
Daum Kakao launches Zap, a 24-hour photo messaging app
On January 13, Korea’s IT and mobile company Daum Kakao launched Zap, a self-destructing photo messaging app. Users can use Zap to share photos and videos that disappear after 24…
Flitto and Mango Plate collaborate to target new users
Crowd-sourcing translation platform Flitto and restaurant app Mango Plate have collaborated for a marketing campaign. Starting Dec. 15, Flitto has been providing Korean to English…
SMBA Updates ChangupNet for Startups and New Business Owners
South Korea’s Small and Medium Business Administration (SMBA) expanded and revamped ChangupNet into a one-gate platform for prospective business starters and venture companies in their…
EKAYWORKS Announces the “Smart” Vending Machine
On Dec. 12, EKAYWORKS announced that they will be rolling out a “smart” vending machine that provides a different experience for individuals. The vending machine will allow customers to…
Birdview’s HwaHae Secures Investment
On Nov. 18, Lee Woong, CEO of Birdview, reported that the cosmetics review app HwaHae has secured an investment totaling 600 million KRW (540,000 USD) from Bon Angels and Japan’s…
Daum Kakao and KFTC Launch Bank Wallet Kakao
On Nov. 11, Daum Kakao and Korea Financial Telecommunications & Clearings Institute (KFTC) rolled out Bank Wallet Kakao, a mobile transaction service. Bank Wallet Kakao allows users to…
Sparklabs to launch an IoT Accelerator in Songdo City
On Nov. 6, South Korean startup accelerator Sparklabs signed an agreement with the New Songdo International City Development (NSICD) to create a new Internet of Things (IoT) accelerator in…
PingPong Provides a Smart Classroom Experience
South Korean classroom education tool PingPong recently underwent an update. A product of mobile educational app developer Waterbear Soft, Inc., PingPong allows teachers and students to…
Foodie app Mango Plate secures sizable investment from Softbank Ventures
On Oct. 23, the CEO of Softbank Ventures, Moon Gyu hak, announced that Mango Plate has secured an investment from Softbank Ventures. The amount has not been disclosed. Kim Dae Woong, the…
Location managing app Famy opens service in China
Famy, a South Korean location-tracking app owned by Spacosa, opened service in China on Oct. 15. The Chinese version of the app has the name of Baobei zai nar (宝贝在那儿), which…