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

The Source Article

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

The Source Article

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

The Source Article

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

The Source Article

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

The Source Article

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

The Source Article

Korean E-commerce Leader Coupang Raises $300M Led By BlackRock

Coupang Men Customer Service Reps Seoul-based Coupang, an online retailer, announced today that it has raised an impressive $300 million in new funding led by BlackRock Private Equity Partners, with participation from Wellington Management Company, LLP, Greenoaks Capital Management, and Rose Park Advisors. Read More

The Source Article

Socar, Korea’s Answer To Zipcar, Raises $18 Million But Isn’t Looking Overseas Just Yet

socar5 South Korea is know for advanced technology and hardware companies like Samsung, LG and others. But startups? Certainly the country has produced few fledgling tech companies, though there are increasing signs that things are changing: the latest being Socar — a startup comparable to Zipcar — raising a $18 million round of funding this month. Read More

The Source Article