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The Korea Herald

Startups & Investors

February 26, 2020
Baedal Minjok to financially support riders during coronavirus emergency

South Korea’s biggest food delivery service in terms of market share, Baedal Minjok, will provide financial support for its riders if they have to go into self-quarantine for COVID-19, the company announced Wednesday. For delivery riders who have to miss work due to a suspected case of COVID-19,...
February 26, 2020
Top startup stories and events in 2019

Things are slowing down as the novel coronavirus appears to become a pandemic. In Korea, big and small meetings -- even demo day events -- are being canceled and people are afraid of human contact. Even though IMF Managing Director Kristalina Geogieva said it is too soon to gauge the economic impac...
February 24, 2020
Two-time Grammy-winning music mixer to hold first workshop in Seoul

David Yungin Kim, a two-time Grammy award-winning mix engineer, is set to hold his first music mixing workshop in Seoul on Feb. 29. Titled as “All Up in the Mix Workshop in Seoul by David Yungin Kim,” the workshop is the first music producing, recording and mixing workshop organized in Korea by ...
February 19, 2020
Tada executives acquitted

The Seoul Central District Court on Feb. 19 found Socar CEO Lee Jae-woong and VCNC CEO Park Jae-wook not guilty of violating transportation laws with its ride service strongly opposed by the taxi industry. Socar is the parent of VCNC, which runs Tada, a 11-seat van-hailing mobile app service. Th...
February 18, 2020
NH Nonghyup holds 2nd demo day

NH Nonghyup introduced 10 startups of the second batch for its accelerator program on Feb. 14, in a private demo day. The 10 startups were incubated by the banking group and impact investing firm Crevisse Partners for the last six months. NH Nonghyup launched its first accelerator program a year a...
February 04, 2020
H2O raises US$7M in Series B Round led by Samsung Ventures

H2O Hospitality, a vacation rental management company in Japan announced on Feb. 4 it has raised US$7 million in Series B funding from Korea’s venture capitals. Led by Samsung Ventures, Stonebridge Ventures, IMM Investment, and Shinhan Capital also joined the funding round that came as the two-y...
January 31, 2020
Refusing to be the fad local creators discuss sustainability, social impact

In the past two years, The Investor team has covered news from inside and outside South Korea and one big question we always kept in mind was how Korean startups go beyond the country that is isolated by oceans and the borderline with North Korea. But when we turned around once, there was a growing...
January 28, 2020
[INTERVIEW] A charity that works like a startup

There is a nonprofit organization that might be harder to get into than the prestigious Harvard University. While the Ivy League university had an acceptance rate of 4.5 percent in 2019, more than 6,240 people applied for 40 job openings at Charity: Water, according to founder and CEO Scott Harris...
January 27, 2020
Asia Film Lab invites Francesca Jaynes to Masterclass Film Workshop in Seoul

Asia Film Lab announced on Jan. 27 that it is inviting Korean applicants for a Masterclass Film Workshop by Hollywood choreography and movement director Francesca Jaynes, scheduled to be held in Seoul over Feb. 5-9. This is to be AFL’s first Masterclass Film Workshop in Asia. Since 2014, AFL has ...
January 20, 2020
Student-led venture vibe livens up Seoul basement

In a dark basement club in Seoul on Friday, scores of 20-somethings got themselves into the spirit, cracking up with laughter and hollering at one another. Soon, people filling up the basement broke up into eight teams. They were given 15 minutes to come up with business ideas. Each team took turn...
January 14, 2020
Self-driving cars with lidar tech likely to hit Seoul roads soon

Global carmakers are paying closer attention to lidar-based sensing technology for better detection of objects on the road. Lidar, which involves sending out light pulses and detecting objects by analyzing the light reflected off targets, will likely be applied to fully autonomous vehicles in the ...
January 14, 2020
Alien Robot shows glimpse of future with robotic arm

When Pepper, the semi-humanoid robot created by Japan’s telecom company SoftBank, was first introduced to the world in the summer of 2014, it was called revolutionary. The robots were quickly snapped up. However, after the initial three-year contract expired, only 15 percent of the users were wil...
January 09, 2020
Tada now available for foreign phone numbers, credit card holders

South Korean mobility platform Tada on Jan. 9 announced that foreigners with overseas phone numbers and credit cards can now use the app. Tada, operated by VCNC, said its recent updates allow foreigners to download and register with non-Korean phone numbers and credit cards. It also has improved ...
January 09, 2020
[New Analysis] Can Delivery Hero-Woowa deal reshape Korea’s food delivery market?

For decades, free door-to-door food delivery service has been a common option for all kinds of South Korean restaurants. Not just pizzas, fried chicken and Chinese food, but also soups and meat dishes are just a phone call away – for delivery to homes, offices and even parks and other public spac...
January 07, 2020
SuperBin aims to raise W20B in Series B

SuperBin, a clean tech startup in South Korea, said Jan. 7 it is raising Series B funding. The five-year old company is planning to raise 20 billion won ($17 million) in the latest funding round. The two existing investors -- Consumer electronics company Humax and TBT, a venture capital backed by...

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