Startup Archives | Be Korea-savvy

Archive by category Startup

Make-to-Order Strategy Gains Popularity Among IT Startups

Make-to-Order Strategy Gains Popularity Among IT Startups

SEOUL, April 20 (Korea Bizwire) — More businesses in the IT and startup industry are opting to check consumer demand first before manufacturing products and services as the number of active consumers is on the increase. This way, businesses can effectively reduce the risk of failure and minimize opportunity costs. Class 101, an online education [...]

War Against Virus Helps Korean Startups Shine

War Against Virus Helps Korean Startups Shine

SEOUL, March 12 (Korea Bizwire) — While the novel coronavirus outbreak is spreading at a rapid pace in Korea, Korean startup firms are also seeing their own technologies shine. Vodacom, a startup specializing in telecommunication platforms, decided to provide its “Video Help Me” (Videohelp.me) service free of charge until May for public institutions, small and [...]

S. Korea to Set Up 300 bln-won Fund for Fintech Unicorns

S. Korea to Set Up 300 bln-won Fund for Fintech Unicorns

SEJONG, Dec. 4 (Korea Bizwire) — South Korea plans to set up a fund of 300 billion won (US$252 million) to help fintech startups become unicorns with a valuation of more than US$1 billion, Finance Minister Hong Nam-ki said Wednesday. Hong made the remarks at a meeting with economy-related ministers in Seoul to discuss how [...]

Startups Thank Chamber of Commerce Chief for Support

Startups Thank Chamber of Commerce Chief for Support

SEOUL, Nov. 4 (Korea Bizwire) — A South Korean business executive who has been actively working for startups in the financial sector that have been trying to navigate murky regulations is gaining praise from the industry. Recently, Kim Sung-joon, CEO of startup Lendit, a peer-to-peer (P2P) lender, said on SNS that “A major incident has [...]

Tech Startups Bring Changes to Conservative Construction Sector

Tech Startups Bring Changes to Conservative Construction Sector

SEOUL, Oct. 11 (Korea Bizwire) — The construction segment, traditionally considered to be somewhat conservative and manpower-reliant, is bracing for a change with more and more tech startups in queue to instill a new breath into the industry — digitalization that could boost efficiency and productivity. According to data from the Korea Institute of Startup [...]