Korean startups
What You May Not Have Known About Korea, ‘Land of the Morning Calm’ & Now Startup Hub in NE Asia
2014년 04월 29일

Korea, once referred to as the ‘Land of the Morning Calm,’ is emerging as one of the key startup hubs in Asia. I have witnessed firsthand the exponential pace of change in this once conservative and shy nation over the last ten years, and I am encouraged by the hunger with which local founders are embracing the challenge and opportunity presented by entrepreneurship. As predictable and arduous corporate careers begin to lose…

Shakr Drives Down Prices in Automotive Advertising
2014년 04월 28일

Digital Video Ads Created in 20 Minutes, and for $50. This promise from Shakr Media, the Korean startup that is dedicated to re-imagining everything to video, is ready to rev up local auto dealer advertisements. The company, which has demonstrated a dedication to ‘going global’ by setting up offices in San Fransisco, today announced that it has added nearly a dozen video advertising styles for auto dealers to its drag-and-drop simple video creation solution….

K CUBE Ventures: How This VC Became a Startup’s Best Friend
2014년 04월 20일

Investing in Korean startups can be a tough job for Venture Capitalists. Despite amazing growth over the last two to three in the venture ecosystem, we will have to wait for a further five years or more to see the fruits of this second push for a creative economy in Korea over the last ten years. As we know, VCs base their earning potential on few successful investments that can generate enormous…

Bitcoin in Korea Forging Ahead Despite Global Concerns
2014년 04월 14일

Korea is adapting quickly to bitcoin, and while there is some uncertainty about how quickly the cyber-currency will roll out more widely there are signs already that it is here to stay and hopes that Korea will become a leader in the industry. Already Korean Bitcoin startup Coinplug has raised two rounds of funding to rapidly expand their growth (see previous article here). The company has also quickly moved from a purely…

A Year of Success in the World of Cookie AWWWESOMEness : The Cookie Run Art Team
2014년 04월 12일

Last week Cookie Run, one of the most popular mobile games in Korea, celebrated its one year anniversary after a year that has been huge the game and the developer team behind it. The game has seen four consecutive quarters of outstanding revenue and two months ago released on LINE. Since this global release, Cookie Run had over 10 million downloads in Thailand alone, and the game continues to dominate in Asia…

Facts That Make The Korean Startup & Tech Environment One of The Most Interesting in Asia
2014년 04월 11일

This article gives a round-up of recent news from the Korean startup and tech environment. Please feel free to suggest updates and additional news. If you want to check out Korea for yourself, we suggest coming to Seoul, May 14-15, for beLAUNCH, Korea’s top tech and startup event. While the event is based in Korea we welcome startups from across the world and have secured a top line-up of global speakers who…

Wearables, Med-Tech & Devices, and Mobile Gaming Come to The Fore at Sparklabs Third DemoDay in Korea
2014년 04월 10일

SparkLabs, a startup accelerator in Korea, hosted its third Demo Day in Seoul yesterday.  While startups in earlier batches were all based in Korea, the most recent session welcomed companies from Chicago, San Francisco, Tokyo and Seoul and sought to disrupt a wider range of industries from mobile music to wearable tech to professional online photo distribution, than previous batches which predominantly focused on mobile and e-commerce. This sets a trend which…

Korean Startup, Malang Studio, raises 2.0 billion KRW For Expansion From Yellow Mobile
2014년 04월 10일

Malang Studio, well known for their popular alarm app, AlarmMon, has recently raised 2.0 billion KRW (aprox. $1.9M)  in its latest fund raising round from Yellow Mobile, a leading local mobile-centric company who’s business portfolio ranges from mobile commerce to media/publishing and marketing/advertising. This fund raising by Malang is the latest of the series of milestones that the company has accomplished in recent months. Early this year, the company achieved a break-even in its monthly financial…

The Other Side of Competition – Telecom Operators Penalized for Subsidizing Smartphones in Korea
  ·  2014년 04월 10일

Fierce competition in one of the most technologically advanced market with the highest smartphone penetration, is forcing telecom operators to resort to “smarter options” to sell. For telecom operators this is a matter of survival in a highly competitive market. But, these “options” may not always be within the legal framework of the Government, and result in undesirable consequences. This is exactly what happened in Korea, where telecom operators are fighting to…

Korean Accelerator SparkLabs Recent Batch Graduates, Here’s Four of The Best
2014년 04월 10일

Review of The Best of Sparklabs Session 3 Startups, from beSUCCESS Writer Christine Bernard 1Day1Song is a Korean music discovery app. For a full day, the app will play a song from its artist of the day and will then display an exclusive background information provided by the performer. They have already launched on iOS with 64,000 users, and will launch on Android this summer. The app will also be launched in…

What Made Silicon Valley’s DFJ Make a Follow-on Investment In A Bitcoin Startup From Seoul
2014년 04월 09일

Coinplug, one of Seoul’s foremost bitcoin startups has just announced that they have raised a second round of funding from Silicon Valley VCs, to the tune of $400k. This replicates a funding round that the company received just last November for the same amount. What is also impressive is that both rounds have come from Silicon Valley based Investors, a once rare occurrence for Korean startups. This story also follows news we…

Introduction to Top 100 Korean Tech Startups You Should Know: Part 5
2014년 04월 04일

Finally, we’re back after some pause! It seems like we have some great lineup of startups for our list today. Some of the tech companies mentioned here are really hot in the Korean startup scene at the moment. I was personally impressed by these companies while writing the piece, and I’m sure you want to know them if you’re interested in Korean startups as well. If this is your first time reading…

Korea’s Pivotal Moment As Entrepreneurship Takes Centre Stage
2014년 03월 31일

In January in Davos, Switzerland, South Korea’s first female President, Park Geun-Hye pushed forward with a multi-billion “Creative Economy” policy. Although Korea has seen a great rise in GDP and living conditions in the last 50 years, President Park now believes the current economic growth environment in Korea has reached its limit, and just like startups often need to, she has decided to pivot the Korean economy to embrace innovation as a…

Korean Gaming Heavyweight, Smilegate, Buys $112 million stake in Sundaytoz, Becomes Biggest Share Holder
2014년 03월 28일

Smilegate, Korea-based maker of online games, has just announced a $112 million buyout of 20% of Sundaytoz’ stock in a move that makes the company behind global success, Crossfire, the largest stake holder. Smilegate is one of the most successful players in the Korean online gaming industry. For the last last two consecutive years Smilegate has been the proud owner / developer of the world’s highest grossing online game. Crossfire, with revenues of…

Life Moves Fast at Korean Startups, Shakr Media’s Newest Hire Shares His Experience
2014년 03월 28일

Within two weeks of joining Shakr, a Seoul and San Francisco-based video creation startup, I was on a 4:00 p.m. flight to San Francisco to represent the company at Google’s annual conference for it’s biggest advertising partners. The plane touched down at 9:00 a.m., I went into the bathroom at the airport to put on a suit, grabbed a “you might need two hands for that” sized black coffee, and went straight…

Introduction to Top 100 Korean Tech Startups You Should Know: Part 4
2014년 03월 26일

Demoday, a web platform for Korean Startups, recently came up with a list of 100 hot Korean startups in 2013, and we thought this might be a great chance to write an introduction to the Korean startup world. Every week, we will introduce you to 20 startup companies that got into the list in alphabetical order. Here’s the first 10 companies of our list for this week: Handstudio Category: Contents Key People:…

Introduction to Top 100 Korean Tech Startups You Should Know: Part 3
2014년 03월 20일

Demoday, a web platform for Korean Startups, recently came up with a list of 100 hot Korean startups in 2013, and we thought this might be a great chance to write an introduction to the Korean startup world. Every Tuesday and Thursday, we will introduce you to 10 startup companies that got into the list in alphabetical order. Here’s our list for this week: Cosmic Color Category: Commerce Key People: Jerry Yang…

Introduction to Top 100 Korean Tech Startups You Should Know: Part 2
2014년 03월 18일

Demoday, a web platform for Korean Startups, recently came up with a list of 100 hot Korean startups in 2013, and we thought this might be a great chance to write an introduction to the Korean startup world. Every Tuesday and Thursday, we will introduce you to 10 startup companies that got into the list in alphabetical order. Here’s our list for this week: BCNX (Ads/Marketing) Key People: Dae-gyu Chang (Co-founder, CEO), Young-uk…

Introduction to Top 100 Korean Tech Startups You Should Know: Part 1
2014년 03월 13일

Demoday, a web platform for Korean Startups, recently came up with a list of 100 hot Korean startups in 2013, and we thought this might be a great chance to write an introduction to the Korean startup world. Every week, we will introduce you to 10 startup companies that got into the list in alphabetical order. Here’s our list for this week: 4:33 Creative Lab (Gaming) Key People: Jun-Mo Kwon (CEO), Tae-hwan…

Google Lends Its Name To Korean Mobile Start-ups To Avoid Costly ‘Kakao Tax’(UPDATE: Not True)
2014년 03월 04일

A Google spokesperson has reached out to TechInAsia who also posted this news, and pointed out that “it hasn’t done or offered any of the things described in this post.” References  were initially sourced from ZDnet Korea (http://www.zdnet.co.kr/news/news_view.asp?artice_id=20140219145110). They have since taken down the articles used as reference for this article. We apologize for the inaccuracy of this post. Korea has long been a brand-obsessed shopping nation. Now Google aims to assist up-and-coming app…