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The Korea Herald

Startups

July 31, 2020
Line Man receives US$110M Investment, merges with Thai food app

　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...
July 30, 2020
S. Korea to inject W40tr into ‘innovative’ champion firms

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...
July 30, 2020
VCs mull exit plans as market recovers from pandemic impact

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 P...
July 29, 2020
Contactless recruitment services shine at Lotte’s demo day

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, wit...
July 21, 2020
Kurly founder named among world’s top female fundraisers

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&r...
July 20, 2020
[Interview] Former WeWork Korea general manager dives into proptech scene with platform Dongnae

　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 education...
July 20, 2020
Korea’s homegrown AI medical solution enters Saudi market

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 softw...
July 20, 2020
Silicon Valley engineer joins Coupang as new vice president to oversee Rocket Delivery

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&rsq...
July 10, 2020
Where are business opportunities in post-COVID-19 era?

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 bu...
July 09, 2020
K-Startup Center expands despite Covid-19

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, ...
June 30, 2020
Mesh Korea, Beam partner up for battery charge

Logistics service provider Mesh Korea said June 30 it is partnering with Beam Mobility, a Singapore-based micro-mobility company, for battery charging services. Drivers’ of Vroong, Mesh Korea’s last-mile delivery service, will provide charging services for Beam’s e-scooters during...
June 30, 2020
FSS finds no proof on alleged hacking attempts of Toss: sources

South Korea’s financial authorities have tentatively concluded that unauthorized payments made on fintech platform Toss were not caused by any security breach, according to sources on June 30. 　The Financial Supervisory Services found no proof on alleged hacking attempts, they were quoted by...
June 29, 2020
Seoul emerges top 20 in global startup ecosystem report

Seoul, the capital of South Korea, has emerged as top 20 in Global Startup Ecosystem Report 2020 for the first time since the report by Startup Genome was published in 2012. In its recent report tracking the growth of startup ecosystems around the world, Startup Genome gauges a number of metrics s...
June 23, 2020
Coupang vows to sterilize millions of Rocket Delivery orders

Coupang, an e-commerce giant, said on June 23 it will reinforce hygiene measures to cleanse and sterilize millions of products ordered through its Rocket Delivery. 　Before the products are delivered to customers, the delivery worker will use a portable disinfectant to sterilize the product. The d...
June 22, 2020
Korea to allow conglomerates to own startup VCs

South Korea is reportedly working on relaxing financial regulations to allow conglomerates to own venture capital firms for boosting the startup ecosystem, according to news reports on June 22. 　The government is also preparing measures to prevent side effects that could stem from deep-pocketed bu...

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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
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