Leading Seoul Accelerator SparkLabs Presents Its Fifth Startup Batch

seoul-evening-web With its high smartphone penetration rate, extremely speedy broadband, and government support, South Korea’s startup ecosystem is one of the most notable in Asia. SparkLabs, one of Seoul’s top accelerators is hoping its fifth batch will produce new success stories (alumni include online beauty product retailer Memebox, another one of Korea’s top-funded startups). Read More

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South Korean Team KAIST Wins DARPA Robotics Challenge With Bipedal Wunderdroid

Optimized-D70125_48 The DARPA Robotics Challenge Finals is a tough contest. Designed encourage researchers to create robots that can handle multiple difficult environments and tasks including breaching a door, turning a valve, and negotiating obstacles, many robots entered but only one won – DRC-HUBO from a joint team that included researchers from the University of Nevada, Las Vegas and Team KAIST from… Read More

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Samsung Electronics Forecasts Q1 Profit Decline, But May Be Poised For Recovery

Samsung Samsung Electronics just issued its earnings guidance for the first quarter, and once again the company, which has seen its smartphone sales eroded by increasing competition, said it expects another drop in operating profit. Read More

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TechCrunch Meetup + Pitch-Off is Coming To Seoul Next Month

tc meetups TechCrunch is thrilled to be heading to South Korea in a few short weeks, and we want to see all you Seoul techies there! On April 16, several TechCrunch writers and editors will head to Seoul for the latest TechCrunch Meetup and Pitch-Off, presented in collaboration with Google’s Campus Seoul. Read More

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With $29M In Funding, Memebox Brings Korean Beauty Products To The World

Memebox For many people around the world, their exposure to Korean pop culture is still limited to the aural and visual wonders of Psy’s “Gangnam Style” video. In much of Asia, however, the demand for Korean entertainment and products is so strong that it even has a special term in Chinese and Japanese that means the “Korean Wave.” Beauty products are a breakout export… Read More

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500 Startups Launches A $15M Korea-Focused Fund Called 500 Kimchi

seoul-evening-web With its extremely high smartphone penetration rate, speedy broadband connections, and advanced economy, South Korea is one of the richest breeding grounds for tech innovation in Asia. 500 Startups, which has already made several investments in Korean companies, is digging deeper into the country with the launch of 500 Kimchi, a $15 million fund that will focus on mobile companies. Read More

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South Korea’s Daum Kakao To Launch $90M Investment Fund

Korean won Daum Kakao, one of South Korea’s largest Internet companies and the owner of messaging app Kakao Talk, announced today that it plans to launch an 100 billion won ($90.8 million) investment fund. Called K Venture Group, the fund will focus on startups in and out of Korea. Read More

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Global Hackathon Seoul Will Be The First Event Of Its Kind Sponsored By The City’s Government

Seoul Shutterstock Seoul’s city government hopes to get more people interested in its startup scene by sponsoring Global Hackathon Seoul, which will take place from July 29 to August 1, 2015. According to the event’s organizers, this is the first time Seoul has sponsored a hackathon. Read More

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