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Investors Flock to ESG and Greentech Startups

Investors Flock to ESG and Greentech Startups

SEOUL, April 15 (Korea Bizwire) — In tandem with the government’s pursuit of carbon-neutral policies and the business community’s embracing of the environment, social and governance (ESG) management trend, investment is flooding into startups in the ESG sectors. Domestic startups attracted 11.7 trillion won (US$9.51 billion) in investment last year, more than tripling from a [...]

4 in 10 Korean Startups Picks North America as Primary Business Destination: Poll

4 in 10 Korean Startups Picks North America as Primary Business Destination: Poll

SEOUL, Jan. 25 (Korea Bizwire) — Almost half of South Korean startups have chosen North America as their first overseas market and more than half of these companies have set up headquarters overseas, a trade investment promotion agency said Monday. The Korea Trade-Investment Promotion Agency (KOTRA) conducted a survey of 198 startups with one or [...]

Venture Capitalists Flock to Early-stage Startups Despite Higher Risk Burden

Venture Capitalists Flock to Early-stage Startups Despite Higher Risk Burden

SEOUL, Nov. 29 (Korea Bizwire) — Large companies and venture capitalists are aggressively investing in and exploring initial-stage startups that have relatively high risk of failure, as part of efforts to acquire stakes in such startups through ‘seed investment’ before their market value is pushed up. Local venture capital firm TBT Partners has invested about [...]

Expansion of Metaverse Industry and YouTube Encourages Tech Startups

Expansion of Metaverse Industry and YouTube Encourages Tech Startups

SEOUL, Nov. 25 (Korea Bizwire) — The pandemic has expedited the process of digital transition, increased information and communications technology (ICT) investment and encouraged tech startups. The Ministry of SMEs and Startups reported a 26.1 percent increase in the number of tech startups between January and September of this year, adding a total of 34,240 [...]

Samsung to Support 21 Local Startups at CES 2021

Samsung to Support 21 Local Startups at CES 2021

SEOUL, Jan. 6 (Korea Bizwire) — Samsung Electronics Co., South Korea’s leading tech firm, said Wednesday that it will support 21 homegrown startups’ participation in the world’s largest tech expo next week as the company vows to bolster its startup incubator programs. Samsung said four projects from its in-house idea incubation program C-Lab Inside and [...]