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Hearing Impaired Drivers to Offer Taxi Services in Seoul

Hearing Impaired Drivers to Offer Taxi Services in Seoul

SEOUL, Aug. 13 (Korea Bizwire) — A new smartphone application known as “Goyohan Taxi” created by a group of college students will allow those who are hearing impaired to drive taxis in Seoul. The application was created by a social venture called Coactus, led by Song Min-pyo, a senior at Dongguk University’s computer engineering department. [...]

Gov’t Promises to Help Finance Smart Factory Clusters

Gov’t Promises to Help Finance Smart Factory Clusters

SEOUL, Aug. 6 (Korea Bizwire) — Companies that share similar production processes will be able to finance high-quality “smart” factories cost-effectively by coming together in clusters of five or more. The Ministry of SMEs and Startups revealed yesterday that it would be partially funding the establishment of factories that would benefit companies through economies of [...]

Ministry to Implement Payment System for Small Businesses

Ministry to Implement Payment System for Small Businesses

SEOUL, Jun. 7 (Korea Bizwire) — A new payment system will be implemented aimed at addressing one of the top difficulties small businesses face, payment processing charges. Hong Jong-hak, the minister of SMEs and Startups, stated at a gathering relating to the issue today that an innovative payment system is needed to relieve small businesses [...]

Samsung’s Creative Lab Supports Three More Startups

Samsung’s Creative Lab Supports Three More Startups

SEOUL, Jun. 7 (Korea Bizwire) — Samsung Electronics revealed yesterday that it had selected three startups developed internally and discovered through “Creative Lab,” a program developed to nurture internal startups. With the three additional startups, the total number of startups supported by Samsung’s Creative Lab totals 34. The newly selected startups are Agwart, Catch Flow [...]

Global Blockchain Startups Head to S. Korea

Global Blockchain Startups Head to S. Korea

SEOUL, May 13 (Korea Bizwire) — A string of global blockchain companies have recently entered South Korea to start their business, including startup Steemit Inc., industry sources said Sunday. The U.S.-based Steemit — founded by Ned Scott in 2016 — is a social networking website that uses its own blockchain-based rewards platform for publishers. The [...]

Social Enterprise Upcycles Leather from Car Seats into Quality Bags

Social Enterprise Upcycles Leather from Car Seats into Quality Bags

SEOUL, May 3 (Korea Bizwire) — When studying in Britain in 2010, Choi Ian was shocked one morning to find his old yet beloved Rover Mini parked on the street and crushed so heavily in both the front and rear that repairs made no sense. The insurance firm offered money in exchange for scrapping the [...]

LG Acquires Shares in S. Korean AI Startup Acryl

LG Acquires Shares in S. Korean AI Startup Acryl

SEOUL, May 2 (Korea Bizwire) — LG Electronics Inc. said Wednesday that it has invested 1 billion won (US$934,000) in the South Korean startup Acryl, which specializes in the development of artificial intelligence technologies. Under the deal, LG acquired a 10 percent stake, or 336,000 shares in the venture firm. Established in 2011, Acryl focuses [...]