The 2018 Pyeongchang Winter Olympics has officially ended on February 25th. In line with this, many Korean startups partook in the 17-day Pyeongchang Olympic journey, armed with new…
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Watcha, Inc., a company operating WATCHA PLAY, raises additional $12M funding
Watcha, Inc. secures $12 million from Neoplux, AJU IB INVESTMENT, Cognitive Investment, LEO PARTNERS INVESTMENT, MG Investment…
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‘Awesome Story’ Releases Algorithm-based Children’s Book
Children’s book startup ‘Awesome Story’ will be releasing a personalized algorithm-based book, “My name has sneaked away…
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WASHSWAT Secures $2.8M from Global VCs
Laundry O2O service, WASHSWAT (Co-CEOs: Sangwook Ye, Jina Namgung), recently secured $2.8M in investment from global VCs. The…
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Fast Five gets a $18M USD investment from Atinum Investment and TimeFolio Asset Management
Announced on February 19th, Fast Five, a workspace-sharing startup, has received total investment of 20 billion Won (~20M USD)…
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Video Technology Development Company Jocoos Secures $924K in Investment
Video technology development company Jocoos has received an investment of 1 billion Won (approximately 924 thousand Dollars) from KTB Network. The start-up was established by Changhoon…
KRICT discovers a stronger self-healing elastomer
Korea Research Institute of Chemical Technology (KRICT) has recently discovered a remarkably durable and room-temperature self-healable elastomer. Elastomer is a natural or synthetic…
Global Fashion App ‘Exclucive’ Coming Soon
Every year, the world teems with a variety of limited editions and collaborations by high-fashion brands. Last year’s opening of Supreme x Louis Vuitton’s pop-up store in…
WeWork To Host Creator Awards In Seoul This September
WeWork is set to host its “Creator Awards” for Korean content creators this September in Seoul. The Creator Awards not only contributes to the the startup ecosystem in Korea but also…
Introduce MEDiHERE, Doctor Review and Recommendation App
MEDiHERE (메디히어), a physician-recommendation application, has been released in the medical app market. MEDiHERE is an app-based service that focuses on providing physician’s…
LINE expands its FinTech business through LINE Financial Corporation
Following its success with LINE Pay, a mobile payment service on LINE messaging app, the LINE Corporation (“LINE”) intends to expand its financial services offerings to areas such as…
ZigZag, a Fashion Commerce App, exceeds 10 million downloads
ZigZag, a fashion mobile app for women, has announced that it has exceeded 10 million cumulative app downloads. ZigZag first began its service in June, 2015, and has gradually…
ST Unitas Launches “Stella”, an Educational AI Service
ST Unitas, a South Korean Edu-tech enterprise, attempts to be at the forefront of paradigm shift in the Education industry by incorporating Artificial Intelligence(AI) into its educational…
Urbanbase launches AR-based Home Design App
Urbanbase (CEO Hajin Woo) has launched Urbanbase AR, a home augmented reality (AR) app. This is the first time that a domestic technology platform company, not an interior furniture brand…
BCA Korea Secures $4.2M in Investment
BCA Korea (BCA) recently raised $4.2M in investment from Hyundai Investment Partners. The two companies seek to strengthen the distribution and marketing of foreign cosmetic brands in…
Bike Sharing Service Ofo Expands to Korea… Beta Program to Begin in Busan
Station-free bicycle sharing service Ofo will launch its services in Korea, its 21st client country. On January 25th, the Chinese bike sharing company revealed that its beta service will…
Kakao Mobility Invests $660 Thousand In Easi6, a Mobility Start-up
Kakao Mobility is investing in a limousine service geared towards tourists visiting Korea. On the 10th, CEO Joohwan Jung announced Kakao Mobility’s investment of approximately $660…
Top 5 Korean Webtoon Portals
Every morning, the first thing I check on my phone is newly updated webtoons from my phone which I have awaited for a week. Webtoon is an abbreviation for ‘web’ and ‘cartoon,’ which…
GOODGUN launches Will Bank, personal goal tracking service
On December 27th, 2017, GOODGUN launched “Will Bank,” a mobile application that can help make your resolutions come true. GOODGUN first proposed the app idea at K-Global Starthon and…
‘idUS’ Opens a Handmade Craft Store in Insadong Ssamjigil
Backpackr, a startup that operates the handmade crafts market service idUS, opened a handmade specialty store in Insadong’s Ssamjigil. Backpackr signed an MOU(memorandum of understanding)…
Artwork Rental Platform Open Gallery Secures USD 3.8M in Funding
Open Gallery, an artwork rental service in Korea, recently raised KRW 4B (~USD 3.8M) in investment from KDB Infra IP Capital Fund and IBK Capital. Open Gallery connects rising domestic…
Luxi, a Ride-Sharing App of 4 Million Uses, Prides Being Accident and Crime Free
On January 3, Korea Startup Forum held an info session on shared economy-based traffic service users at the Press Center. The purpose of the session was to investigate the advantages and…
Musicanote Launches Online Annotation Services
Music media startup Musicanote launched its online music annotations services on the 26th. Musicanote’s online music annotations service is a platform to organize any text, video…
A Smart Drones Startup ‘ANGELSWING’ Wins ‘First Penguin Fund’
ANGELSWING, a social venture startup that uses smart drones to provide geographical data, received ‘First Penguin Fund’ from Korean Credit Guarantee Fund (KODIT). ‘First Penguin…