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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 join...
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 compete with ot...
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 microinvestments, third-part...
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...
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 ov...
Line Man, a delivery app operated by Line in Thailand, announced July 30 that it has landed an investment of $110 million from venture capital firm BRV Capital Management, marking the first time that any entity in the Line Group has secured a financial investment of this size for one of its overse...
South Korea on July 31 unveiled a financial package to inject some 40 trillion won ($33.48 billion) into 1,000 selected innovative businesses over the next three years. The plan seeks to promote synergies between the financial sector and actual industries, and to ultimately shore up the so-called...
South Korea’s venture capital houses are actively seeking exit plans from their startup investments as promising firms are gearing up for initial public offerings following the stock market recovery, according to market watchers on July 30. One of the VCs that already did so was Company K Partne...
Lotte Accelerator, Lotte Group’s corporate venture capital and startup incubator, held its sixth demo day online as the COVID-19 pandemic continued to inhibit mass gatherings. The infectious disease, however, could not deter startups from their efforts to turn a misfortune into a blessing, with se...
Founder of Seoul-based same-day deliery startup Kurly, Sophie Kim, was listed among the top 10 female founders in the world by fundraising, data showed on July 21. The founder of Market Kurly had raised the eighth-most money on the list as of June, raking in a combined $282 million since Kurly’s...
Looking for a home, whether to rent or own, is an extremely time-consuming and painstaking job in South Korea. House hunters have to jump from one real estate agency to another to find the right one to fit their budget. Many factors contribute to this decision, including proximity to educational...
The South Korean government Sunday expressed hopes of safely bringing its new artificial intelligence medical software “Dr. Answer” to local and overseas markets, after it agreed to export the solution to hospitals in Saudi Arabia earlier in the week. Dr. Answer is an AI-enabled software design...
E-commerce giant Coupang has appointed software engineering expert Jeon Joon-hee as the new vice president of engineering for its express delivery service, the company said on on July 20. Jeon, who has previously worked at global companies like Google and Uber, will focus on advancing Coupang’s ...
It goes without saying that the COVID-19 pandemic has brought fundamental changes to society, ranging from wearing masks becoming common etiquette to remote work and online classes being the new normal. Business gurus like to say that every crisis comes with opportunity. The question is where the b...
K-Startup Center, a government backed platform that supports Korean startups’ overseas growth, expanded its network on July 8. The center, backed by the Ministry of SMEs and Startups, launched the KSC last year with three overseas centers in India, US and Israel. This week, it added Sweden, Finla...
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