Korean startups
Mobile App, Whoscall, Now Helping Over 10M People Block Spam On Thier Mobile
2014년 03월 03일

Camp Mobile, an app developer that was acquired by Line last year has just announced that its mobile app, Whoscall, which is designed to protect users from “smishing,” or SMS phishing, has passed the 10-million-mark in cumulative downloads in about 40 countries worldwide. The downloading of Whoscall is now active in about 40 countries, with the mobile app being selected as the Best App of the Year 2013 at Google Play in seven…

As Facebook Buys WhatsApp, What’s The Future of Korea’s Top Messaging App, Kakao Talk?
2014년 02월 20일

Kakao Corp., developers of Korea’s favorite messaging service and social platform, Kakao Talk, will be listing its stock publicly next May. This follows the recent news that SundayToz also successfully listed its stock in August 2013, and demonstrates further growth in the domestic tech industry, that has been attracting much attention in the international press attention recently. What’s more interesting though is the potential opportunity that Facebook has presented following today’s news that…

Last Chance to Apply for JFDI’s Current Session, Asia’s Top Accelerator in Singapore
2014년 02월 20일

The application period for JFDI’s next session is open, but only for a few short days, before decisions are made about which founders will join the program this time around. Apply here now. In the past year JFDI has worked with 19 teams from all over Asia and as program Director, Ray Wu, looked back on his experience leading entrepreneurs he realized the importance of what JFDI is doing to build the startup community in…

German-Korean Entrepreneur Disrupting $5Bn Delivery Market, Bets on Offline-Online Megatrend
2014년 02월 13일

Naldo today announced a new online instant-delivery ordering service that aims to disrupt a domestic industry worth $5Bn. The company provides “immediate delivery of almost any item for B2B and B2C customers within a maximum timeframe of 90 minutes via a browser-based online ordering-system”. The existing offline instant-delivery market in Korea is already huge and sprawling, but Naldo aims to provide a much more streamlined and cost-efficient experience to customers. The early…

South Korean Startup Support Gets Mixed Reception
2014년 02월 11일

Published on the Wall Street Journal, February 11 2013 First Year Raises Efficacy Concerns; Government Says Project Continues to Improve In the past year, the South Korean government has sponsored a raft of overseas programs to give its young startups exposure to global tech trends. Government officials here hope that a thriving local startup scene could soon put fresh Korean technology names on the global stage—and they are sparing no expense to…

Rakuten Acquires Viki for $200M
2014년 02월 10일

Reported by AllThingsD on Septemer 1st 2013 Japan’s Internet e-commerce giant Rakuten is set to purchase Viki, a premium video site that has been described as “Hulu for the rest of the world.” The deal was set to be announced next week, but after I queried the company about it, its CEO, Hiroshi Mikitani (whose nickname is Mickey), confirmed the transaction, although he declined to give the price. That would be $200 million, according…

BootstrapLabs and Coolidge Corner Investment Partner to Launch Bootstrap Accelerator Korea
2014년 02월 07일

Partnership creates first Korea-­focused accelerator for tech startups with a dedicated Silicon Valley Fast Track™ program Silicon Valley-­based BootstrapLabs, a global accelerator for foreign entrepreneurs and Seoul-­based Coolidge Corner Investment (CCVC), a technology venture firm with $22M under management, today announce the formation of BootstrapAccelerator Korea, a Seoul-­based 6 month accelerator program specifically designed to assist young and promising korean technology startups to relocate in Silicon Valley and build global businesses. Additionally,…

South Korean Startup Flitto Crowned ‘Best Startup In The World” At Seedstars World In Switzerland
2014년 02월 06일

The Korean ecosystem is buzzing with the news that one of their own, translation service Flitto, has this week been crowned as the best startup in the World at the final of the Seedstars World global startup competition. The team at Seedstars spent almost nine months travelling to 20 different cities across the globe to find the best startups in each region. The regional winners were then invited to the grand final, and offered…

Korean-American Is First To Benefit From A “Startup Visa” In Korea
2014년 02월 05일

The Korean government has just announced the long-awaited news that the first “Start-up Visa” in Korea has been issued to a Korean-American entrepreneur, Jason Lee CEO of J.J. Lee Company.  It is unknown why he was not able to apply for an F-4 visa, which is available for non-Koreans with Korean heritage, but it marks another stride forward in Korea’s massive push towards establishing its position as one of the world’s most vibrant…

Korean Language App Smatoos Helps Professionals Learn A Language While Snacking
2014년 02월 05일

Korean educational startup Smatoos has just launched an iOS app called Formula for English Conversation (our translation) for people in Japan and Korea, which focuses on improving English speaking skills, as reported in TechInAsia. It’s free, and the Android version will be released within the first quarter of this year. Like other English education apps out there, this app was developed to remove the common frustration of language learners who cannot come…

Groundbreaking Device-Device Technology From Korea, The Days Of NFC Are Numbered
2014년 02월 04일

Korean researchers have developed a next-generation mobile communication technology that enables devices to directly communicate, long range, without going through a base station. The solution allows direct communication between LTE devices, a world first, and was successfully demonstrated it in the company’s mobile communication lab. ETRI’s technology was highlighted by the international standardization organization, 3GPP, as a stand out new-tech innovation last year and was praised for having a wider communication range…

Korean Couples app Between is now Japan’s top social networking app
2014년 02월 04일

Originally posted on The Bridge: Kei Kajitani is the Japan general manager of Korea-based VCNC, heading up the company’s efforts to promote their couples app Between here in Japan. After the app’s recent 2.0 release back in December, it appears to have picked up some steam in a number of markets around the world, including Japan where it is has ranked as the top social networking iOS app since Wednesday. He tells…

Another Korean Bitcoin Startup, CoinPlug, Raises $400k from US Investors
2014년 02월 01일

Korean startup Coinplug has closed an investment round paid partly in bitcoin. This news comes shortly after another Korean Bitcoin startup, Korbit, also raises $400k from a dream team of Silicon Valley investors, as reported by beSUCCESS here. Coinplug raised $400,000 from Cupertino-based fund SilverBlue, with half the amount raised in bitcoin and the rest in fiat currency. The startup plans to launch a digital currency exchange, wallet and merchant platform in Korea in mid-December….

18M Downloads And 3 Consecutive Quarters of $20M Revenue, Now A Global Launch on Line. Discover Korea’s Hottest Mobile Game
2014년 01월 31일

Having achieved 18M downloads and the number 1 spot in 20 countries back in 2009 with Oven Break, the company’s first release, Korean game developer Devsisters has just released their global follow-up, Cookie Run, on the Line games platform. Despite early success with Oven Break, they struggled to maintain momentum and effectively withdrew from the global market, choosing to focus on their home turf in Korea. This was due struggles in maintaining…

Korean Student Entrepreneur Helps Migrant Mothers Adjust to Overseas Life
2014년 01월 27일

Recent statistics show that 1.5 million to 2 million foreigners live in Korea, accounting for over 3 percent of the nation’s population. A range of programs are being offered to help them better adapt to life in Korean society. In a bid to help immigrant families, university student Ji Byung-ju came up with a unique idea early this year to provide immigrant mothers with postnatal services from midwives of the same nationality. “Despite…

With $1.5 Million Investment, Korean Startup Smile Mom Launches Mobile Community For Moms
2014년 01월 27일

Originally posted on TechCrunch Moms feeling guilty about baby-spamming Facebook with their child’s photos and their every precious moment now have a more private alternative for those updates, thanks to a new mobile social network called Smile Mom. The app, which is designed to connect moms with others nearby, has already grown to 14,000 users during its beta testing phase. The founders behind the new app are formerly of Paprika Lab, a…

Korean Startup, Korbit’s Secret Sauce in Raising $400k from Silicon Valley Dream Team of Investors
2014년 01월 27일

Supported by President Park’s effort to foster a Korean creative economy, a deluge of cash flooded into the Korean startup ecosystem in 2013. Including many conferences hosted by the government-affiliated organizations, countless programs to assist startups were organized both domestically and abroad. Of the many themes these programs publicized repeatedly, one keyword that stood out was “Going Global”. The concept of “global” is trendy and attractive yet so vague and such a…

Korea’s No. 1 Tech Startup Event From beSUCCESS is Open! Join beLAUNCH 2014, May 14-15 2014 in Seoul
2014년 01월 24일

beSUCCESS, Korean startup media organization, events organizer, and global connector is happy to officially announce that their flagship startup event, beLAUNCH, is back in 2014 in a year that is already heating up to be one of the most promising for Korean, Asian, and Global entrepreneurship. The event will be held May 14 – 15 at the brand new Dongdaemun Design Plaza in the heart of Seoul. In addition, this year there…

Korean Startup, KPOP UNITED is Connecting Stars to Their Global Fans Through the Crowd
2014년 01월 23일

When asked about his ambition for KPOP UNITED, CEO Richard Choo said; “We are looking at every point of disruption in the K-pop industry and aim to leverage many of the exciting opportunities that we are seeing.” He believes that by helping stamp Korea on the map as a purveyor of the best of modern pop culture through K-pop he is also increasing the brand power of Korea as a nation. With…

Korean Bitcoin Startup Korbit Gets $400k in Funding from Dream Team of Silicon Valley Investors
2014년 01월 20일

It has never happened before that a Korean startup has been able to secure early stage funding ($400k in this case) from such a high profile Silicon Valley investor line-up. The news that Korbit has achieved this momentous step heralds the start of a year that has already been billed as having the best potential ever, for Korean startups. While the value of the investment may seem small by Silicon Valley standards,…