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The Korea Herald

Startups

September 08, 2020
Orders on food delivery apps break records amid pandemic

The total value of orders placed on food delivery apps in South Korea reached 1.2 trillion won (US$1.01 billion) in August, up 28 percent from July and setting a new monthly record, as the government introduced stricter social distancing regulations after COVID-19 cases rose again, according to data...
September 04, 2020
Coupang to set up large-scale logistics base in Gwangju

Coupang began procedures for the construction of a large-scale high-tech logistics base in Gwangju in partnership with the regional government, the firm said on Sept. 4. 　Gwangju Mayor Lee Yong-seop and Coupang’s new business division head Park Dae-joon met on Sept. 4 and signed a business ...
September 02, 2020
Toss Lab’s collaboration tool raises new investment for global expansion

Toss Lab, an operator of Slack-like team collaboration platform JANDI, said on Sept. 2 that it has newly raised 14 billion won ($11.8 million) from a group of investors. 　The investors include Softbank Ventures, SV Investment, Atinum Investment, Must Investment and Spark Labs. Relat...
August 28, 2020
Toss raises US$173m to spur drive to become super financial app

Viva Republica, Korea’s leading fintech startup and operator of mobile financial service Toss, on Aug. 28 announced that it has raised $173 million in the latest funding round. The latest fundraising, which puts the company’s valuation at $2.6 billion, came as the company pushes to expa...
August 28, 2020
Coupang trials buy-now, pay-later service

E-commerce giant Coupang is trialing a buy-now, pay-later service. 　The new service is applied to products directly bought from and sold by Coupang, which are available for its next-day delivery service, Rocket Delivery, according to one official at the company, allowing users to purchase items on...
August 19, 2020
Startups seek probe on in-app purchase system of Apple, Google

South Korean startups submitted an application on August 19 to authorities seeking an investigation on violations by Apple and Google customers regarding in-app purchases. 　According to an alliance of local application developers and startup firms, Apple has been forcing developers to use their sp...
August 18, 2020
Baemin introduces first outdoor delivery robot in apartment complex

Baemin, or Baedal Minjok, the country’s No. 1 delivery app by market share, said Tuesday that it has started operating the country’s first outdoor delivery robot, which delivers food from a restaurant to an apartment building. 　According to Woowa Brothers, the delivery app operator, i...
August 11, 2020
Notion unveils Korean version to tap into 2nd-largest market

Notion, a US-based all-in-one productivity tool, on Aug. 11 unveiled its first foreign-language version in Korean. At the launching event held online, the company said it chose South Korea as the first overseas market to make a foray with a local language edition because it has the largest user ba...
August 10, 2020
Gooroome lands W2b in pre-A round funding

Gooroome, a local videoconferencing solution startup, has secured 2 billion won ($1.68 million) in pre-A funding round led by Innopolis Partners. “Gooroomee owns the country’s top two-way interaction videoconferencing technology. As the ‘untact’ lifestyle expands amid Covid...
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 the preferred bidder for the deal, has reportedly offered 250 billion won ($211 million) for 100 pe...
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. 　STIC Ventures and Timewise investment as well as existing investors Korea Investment Partners joi...
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 monitors irregular pulses of atrial fibrillation patients. The company’s device will comp...
August 04, 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 microloan schemes. The company’s new strategy, “Thrive With Grab,” includes microinvestme...
August 03, 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 scheduled to kick off a 13-week program on August 31 with 10 domestic and overseas early-stage start...
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 after the fintech company reached an agreement with mobile network giant LG Uplus in December, taking o...

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EDITOR'S PICKS

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
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099