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The Korea Herald

Startups & Investors

November 29, 2019
Sinn2019 brings social innovators to Chuncheon

CHUNCHEON, Gangwon Province -- About half of South Korea’s 51 million people live in Seoul and the surrounding area. What that means is that smaller cities often find themselves taking a backseat for many things including economic opportunities or culture events. They are also losing a lot of youn...
November 29, 2019
Baby Shark’s global success at K-Startup Week ComeUp 2019

SmartStudy CFO Lee Seung-gyu on Nov. 29 shared some secrets behind the company’s animated characters like Baby Shark at K-Startup Week ComeUp 2019. During the event, Lee emphasized that localized content was crucial to the company’s success in the global market. “Emotion and music are universa...
November 28, 2019
[ASEAN-Korea Summit] Coinplug showcases DID solutions at ASEAN-ROK Summit

Blockchain firm Coinplug said on Nov. 28 that it showcased decentralized identity, or DID, solutions, during the ASEAN-Republic of Korea Commemorative Summit in Busan. Participating in an exhibition, named AEAN-Korea Smart City Fair, from Nov. 25 to 27, the firm introduced its solutions that help ...
November 28, 2019
D.Day heats up Busan with six startups with potential

This week puts South Korea’s second-largest city Busan on the spotlight as the leaders of the 10 ASEAN countries gather for important meetings. The city not only welcomed the politicians but also entrepreneurs hailing from outside the city. D.Day, one of the longest running demo day events in Sou...
November 27, 2019
[ASEAN-Korea Summit] Qraved aims to take Indonesian mobile marketing sector up a notch

BUSAN -- Indonesia, which was behind other developed nations in terms of internet penetration in the PC era, is now one of the most connected nations thanks to the increasing adoption of smartphones. Taking a selfie and uploading it in on social media before digging in at a restaurant has become s...
November 27, 2019
[ASEAN-Korea Summit] ‘It all comes down to people,’ three accelerators say

BUSAN -- During a panel discussion at the Startup Expo in Busan, three accelerators with distinctive characteristics shared a crucial factor in selecting startups to support -- people. The event took place on the sidelines of the 2019 ASEAN-Republic of Korea Commemorative Summit. Eugene Kim, co-f...
November 27, 2019
[ASEAN-Korea Summit] Southeast Asian startups emphasize importance of foreign talent

Southeast Asia-based startups emphasized the importance of being open to foreign talent during the Unicorn & Startup Talk Concert, held Nov. 26 on the sidelines of the ASEAN-Republic of Korea Commemorative Summit. During the event, three representatives of Indonesian startups discussed the startup...
November 27, 2019
Microsoft, The Shortcut joining hands to offer tech training

HELSINKI -- “The seats you are sitting on are something of a legend, as they come from Microsoft’s co-working space right here in Helsinki,” said Anne Badan, co-founder and CEO of not-for-profit organization The Shortcut on Nov. 19. For three years, Microsoft operated its co-working space, Flux...
November 27, 2019
[ASEAN-Korea Summit] Promising ASEAN startups showcase at ASEAN-ROK Summit

BUSAN -- Promising Southeast Asian and Korean startups showcased their businesses on Nov. 25-26 in Busan as South Korean and ASEAN leaders promised to strengthen partnership to foster startup ecosystem during Startup Expo, an official side event of the ASEAN-Republic of Korea Commemorative Summit. ...
November 26, 2019
[ASEAN-Korea Summit] Korean cosmetics startup Toun28 aims to reach 5,000-plus subscribers next year

South Korean beauty and tech startup Toun28 co-founder and CEO Jung Maria said she plans to expand the company’s unique customized monthly cosmetics subscription service next year. “We aim to reach an average of over 5,000 subscribers per month next year. Currently, the number of our subscribers...
November 25, 2019
[INTERVIEW] Retail pop-up space rental marketplace to run own shops as it expands

Sweet Spot, a Seoul-based property technology startup that introduced the concept of retail short-term space rental marketplace in South Korea, is looking to expand to the untapped realm four years after launch. Acting as a marketplace platform that connects real estate owners with brand operators...
November 23, 2019
Slush 2019 highlights why profit matters more for entrepreneurs

HELSINKI – This week, a total of twenty-five thousand including investors, startups and students flocked to the Finnish capital of Helsinki to attend Slush, a startup conference that has gained enormous traction over the past decade. This year, Slush is out to tackle topics concerning why compani...
November 21, 2019
[INTERVIEW] IFC woos S. Korean fintech players in push for Asian financial inclusion

The concept of financial inclusion is increasingly easier to grasp in Asian countries. In the past, those who were geographically isolated and did not own bank accounts had no other choice but to remain unbanked, leaving cash as the sole means of transactions. But as mobile phones allow them to g...
November 18, 2019
Micro-mobility startup MaaS Asia launches upgraded kickboards

South Korean micro-mobility startup MaaS Asia announced on Nov. 18 that it has launched upgraded electric kickboards for its sharing service. “We reflected on the diverse feedback we received after operating our first-generation electric kickboards,” MaaS Asia CEO Jung Su-young said in a stateme...
November 15, 2019
S. Korean startups use M&As to improve apps, services

Let’s say a car-sharing startup tries to launch a business. It will essentially have to buy cars and develop a mobile app for people to use. But that is just the beginning. The startup realizes cars operate remotely, so it finds a need to a control-system for cars -- which have to be regularly ma...

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