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The Korea Herald

Startups

November 16, 2020
Israeli startup aims to end chick culling

Imagine a small, cute chick just hatched. Within a few days, the chick is tossed into a machine that grinds it up. It’s called chick culling – though the chicks are sometimes gassed or suffocated -- and is an industry-wide practice. About 7 billion male chicks are culled each year. The...
November 15, 2020
With community-driven accelerator program, entrepreneur duo seeks global impact startups

The world of venture investments is largely constrained to experts like venture capitalists and entrepreneurs who are well-versed in the industry. But what if the role of finding promising startups was extended to everyday people? This is exactly what Ho Chang-seong and Moon Ji-won, the co-founder...
November 12, 2020
Startups to compete with promising business ideas at Come Up 2020

The Ministry of SMEs and Startups is set to hold the nation’s largest startup competition, Challenge! K-Startup to select and reward startups with promising business ideas, during the Come Up 2020 period, officials said on Npv. 12. 　The startup competition is held as a special event of Come...
November 12, 2020
Kasa Korea unveils first investment property in Seoul

Kasa Korea, a real estate investment platform operator, on Nov. 12 unveiled the first property to be listed on its platform, offering retail investors relatively easy entry into the property investment market in the form of small-sum securities. 　The corresponding property is Yeoksam London Vill, ...
October 28, 2020
Local fintech startup unveils Korea’s first commercial system to rule out naked short selling

A local startup on Oct. 28 unveiled the nation‘s first commercial securities lending system targeting institutional investors at home and abroad to help them prevent errors that can lead to naked short selling activities against the law, often unintended. 　TruWeb, new securities lending plat...
October 16, 2020
Car sharing startup Socar becomes 12th unicorn in S. Korea

Car sharing firm Socar said on Oct. 16 that it has newly attracted 60 billion won of funding from investors, achieving unicorn status with a corporate value of 1 trillion won ($872.6 million). 　With Socar’s latest addition to the unicorn list, South Korea now has 12 unicorn companies, includ...
September 29, 2020
Yanolja preps to go public in 2022

Yanolja, the largest accommodation and leisure activity booking platform operator in South Korea, is taking steps toward an initial public offering, according to news reports Tuesday. The accommodation booking services firm is a local startup unicorn with a market value exceeding 1 trillion won ($85...
September 28, 2020
Big Hit’s offering price fixed at 135,000 won

The offering price of shares of Big Hit Entertainement, a local agency behind K-pop sensation BTS, was fixed at 135,000 won ($115.04) per share, the top end of its indicative price range, the company said in a regulatory filing on Sept. 28. 　At the two-day book building which wrapped up on Friday,...
September 28, 2020
SC Bank Korea partners Toss to launch short-term personal loan

Standard Chartered Bank Korea said on Sept. 28 that it has partnered with Toss -- a financial services app operated by Viva Republica -- to launch a short-term lending program on Wednesday. 　Under the partnership, SC Bank Korea outsources credit evaluation process to Toss. SC Bank Korea is the fi...
September 24, 2020
Proptech startup Kasa Korea attracts W9.2b in series B funding

Kasa Korea, a property technology startup, said on Sept. 24 it has raised some 9.2 billion won ($7.8 million) in a series B funding round. The latest funding was led by the state-run Korea Development Bank. 　Silicon Valley venture capitals and domestic investment firms, including Northern Light Ve...
September 23, 2020
Coupang delves into computer parts biz, outcompeting go-betweens

Coupang is inching its way into the computer parts industry by offering lower prices and replacing distributors and retailers. 　Most recently, on Sept. 17, Nvidia’s GeForce RTX 3080 graphics cards were released in South Korea via Coupang. Intech & Company had imported the graphics cards ...
September 22, 2020
How once rising sports platform TLX Pass fell

In its heyday, South Korea’s top actor Hyun Bin was the face of TLX Pass, a revolutionary fitness platform that made waves throughout the industry. TLX offered passes that could be used at multiple sports centers, bypassing the need to sign up for lengthy memberships. The idea was to free use...
September 17, 2020
Kakao launches corporate messenger Kakao Work

Kakao, operator of South Korea’s top mobile messaging platform, announced on Sept. 17 that the company has launched a new enterprise messenger. 　The new corporate messenger developed by Kakao’s artificial intelligence unit Kakao Enterprise has combined existing user interface of popula...
September 15, 2020
Seoul’s ambitious startup festival Try Everything 2020 to kick off

Startup festival “Try Everything 2020” kicks off online Sept. 16, the Seoul Metropolitan Government said on Sept. 15. The three-day event will be held in partnership with the 2020 World Knowledge Forum, an annual business convention hosted by Maekyung Media Group. Due to the recent s...
September 08, 2020
Kakao’s Yanadoo secures W30b won investment

Education technology firm Yanadoo announced on Sept. 8 that the company has recently secured investments worth 30 billion won ($25.2 million). 　Yanadoo, which merged with Kakao Kids to become a comprehensive education platform, is currently evaluated at 300 billion won, according to the company. ...

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Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
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