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 K…
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
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
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 Manageme…
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
KakaoTalk has launched its first desktop client for Mac, which is currently available in Korean and English. The release, which can potentially help South Korea’s top messaging service score more users, comes less than a week after Kakao Corp and Daum, one of the country’s largest Internet portals, announced that they will merge, creating a company with a 3.4 trillion won (about… Read More
Moglue, the publishing platform that makes it easy to create interactive e-books, has launched its completely redesigned second version, which features a streamlined user interface and more design tools. After the TechCrunch Disrupt Beijing finalist released the first edition of Moglue 10 months ago, many users asked for the ability to preview books in real-time on mobile devices, which the New York- and Seoul-based startup also added.
Private institutions have sprung up around the country to teach Korean pop music, and long-established music and dance schools have begun to get with the pop plan.