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The Korea Herald

Startups & Investors

December 23, 2019
Korea’s venture investment up 22% through Oct.

Investment in startups increased 22 percent on-year in the first 10 months of the year, driven by hopes of lucrative returns and policy backup, data showed Dec. 23. A total of 3.82 trillion won ($3.29 billion) was invested in promising startups in the January-October period, compared with 2.89 ...
December 20, 2019
[INTERVIEW] Romania-based DOOH startup seeks Asian command post in Seoul

Launched in January 2018, Romania-based startup TPS Engage is dedicated to a technology that allows outdoor digital signage to show the right advertisements at the right time to the right target group. The company’s capability to exercise ad-tech, dubbed digital-out-of-home, led to its fast expan...
December 19, 2019
[INTERVIEW] In-vehicle personal audio zone startup to expand to vibrating OLED tech

In the next-generation car, a driver can stay focused without interruption even if each passenger plays music or a movie of his or her taste without earbuds and partitions between the front and rear seats, because there will be a noiseless ambience at the driver's seat. The promising world of “in...
December 18, 2019
CJ ENM signs partnership deal with Seoul Startup Hub

CJ ENM’s home shopping division announced on Dec. 18 that it has signed a partnership deal with government-led startup coworking and support program operator Seoul Startup Hub. As their first project together, they agreed to start operating a program “Challenge! Startup” to support local startu...
December 17, 2019
Portfolio of early-stage tech investor FuturePlay tops W1tr in value

Seoul-based early-stage technology investor FuturePlay announced on Dec. 17 that the combined value of its portfolio startups exceeded the 1 trillion won ($858.2 million) milestone. The value of the 100 portfolio startups, which received a combined 18.1 billion won in investment from FuturePlay, s...
December 17, 2019
North Korean defectors get taste of entrepreneurship in Seoul

When North Koreans defect to and resettle in South Korea -- in what is often an arduous journey that could take years with looming threats of repatriation -- they often find themselves looked down upon in what they thought would be their land of promise. Getting over the threats, the prejudice and...
December 13, 2019
S. Korean startup to launch online platform Traveli to connect solo travelers

South Korean startup Travelous said Dec. 13 that it plans to launch an open beta version of its website Dec. 16, to connect Korean travelers through the app at certain overseas tourist spots. At launch time the online service, called Traveli, will be available in Bangkok and the Vietnamese city Da...
December 12, 2019
WeWork Labs announces achievements in South Korea in 2019

After its entry into the South Korean startup sector in 2016, coworking space giant WeWork changed the startup scene dramatically -- more local startups began to collaborate actively with each other and to get chance to go abroad thanks to its global network. Through WeWork Labs, a global startup ...
December 12, 2019
[INTERVIEW] Startup Vuno eyes IPO as AI-powered diagnostic software ups presence

Five years since being founded, Seoul-based health care startup Vuno is now betting big on an initial public offering. The loss-making company is pinning its hopes on a turnaround, as it has managed to launch products designed to streamline the workflow of radiologists and expects a sharp hike in ...
December 10, 2019
Techstars Korea to accept applications for 1st batch through March 2020

Global startup accelerator Techstars said it would accept applications for its first South Korea-focused accelerator program through March 1, 2020 to tap into the tech-savvy nation’s large pool of talents in a landscape firmly supported by the government. The first phase of the accelerator progra...
December 06, 2019
WeWork sets monthly record of new location openings in December

Co-working space giant WeWork said Dec. 6 that it had launched 52 locations in cities around the world in December, a monthly record. It plans to open more offices before the end of this year. In the past 90 days, the New York-headquartered company signed new contracts with 280 companies. Two-thir...
December 06, 2019
Anti-Tada bill passed at pariliamentary committee

A National Assembly committee on Dec. 6 passed a revision bill that would effectively stop operations of the van-hailing service Tada, which has been facing a fierce opposition from the taxi industry. The revision to the transport act, approved by the parliamentary transportation panel, restricts ...
December 03, 2019
Sparkplus receives W30b in series B funding

Office space sharing firm Sparkplus said on Dec.3 it has recently closed a 30 billion won ($25.3 million) round of series B funding. With the new investment, the office-sharing firm has raised 60 billion won since it launched the first coworking space in Yeoksam, southern Seoul, in November 2016. ...
December 02, 2019
SK China, Hillhouse Capital to form W1tr fund

SK Group’s Chinese unit is setting up a 1 trillion won ($848 million) worth fund with Hillhouse Capital, according to a local media outlet. SK China, which was founded in 2000 to oversee the group’s business in the country, will invest 100 billion won as part of its efforts to find future growth...
December 01, 2019
Experts share experience of reviving a city via social innovation

Social innovators from South Korea, the Netherlands and Taiwan emphasized citizens’ participation to achieve successful social innovation during a gathering of social innovators that took place Nov. 28-30. The experts were invited to share their experience of reviving a small city by bringing tog...

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