HWACHEON, Oct. 15 (Korea Bizwire) — A crowdfunding campaign launched by students at Sanae High School, located in the remote county of Hwacheon, about 120 kilometers northeast of Seoul, to help stray cats has ended in success after surpassing fundraising goals. The crowdfunding campaign, which took place between Sept. 18-Oct. 12, was supported by 457 [...]
HWACHEON, Sept. 18 (Korea Bizwire) — Sanae High School, located in the northernmost region of Hwacheon County, Gangwon Province, has had packs of stray cats gathering in the school yard since early this year. In a strange coincidence, the school recently established a student club named ‘Level Up’ to engage in animal protection, after 11 [...]
HONG KONG, July 30 (Korea Bizwire) - Crowdfunding, which has seen its popularity skyrocket with the rise of high profile platforms the likes of Kickstarter, GoFundMe and IndieGoGo, has often been hailed as a “democratising force” in finance, allowing enterprising individuals to launch new and innovative ventures while bypassing traditional sources of funding they would otherwise [...]
SEOUL, May 27 (Korea Bizwire) — While South Korean retail companies are competing over speed in the delivery market, the crowdfunding market, which typically requires at least a month before products are delivered, is rising as the new form of consumer activity in the country. Crowdfunding is based on pre-orders made by customers. If enough [...]
SEOUL, Jul. 23 (Korea Bizwire) — Min Yu-ra and Alexander Gamelin, the ice-skating duo who participated in the 2018 Winter Olympics in Pyeongchang as an ice dancing pair, have released conflicting statements about the reasons surrounding their sudden fallout. In a statement released by Min’s father last week through her agent, he alleged that he [...]
HONG KONG, CHINA, Jun. 28 (Korea Bizwire) - Raising money from family and friends is a common and effective way for start-ups. However, will it affect the success of crowdfunding initiatives? Entrepreneurs are increasingly relying on internet crowdfunding — the use of online platforms to raise money from multiple contributors. It is reported that active global crowdfunding platforms [...]
SEOUL, Jun. 5 (Korea Bizwire) — The government plans to soften rules for crowdfunding to help small- and medium-sized enterprises (SMEs) raise money from individual investors, the head of the financial regulator said Tuesday. Currently, only venture startups are allowed to raise funds through crowdfunding, which enables them to get capital from a large number [...]
SEOUL, Jan. 24 (Korea Bizwire) — The amount of crowdfunding in South Korea soared about 60 percent last year, data showed Wednesday, signaling the platform grew as an effective financing option for startups. According to the data by the Financial Services Commission (FSC), 183 companies raised a combined 27.8 billion won (US$25.9 million) last year, [...]
SEOUL, Aug. 25 (Korea Bizwire) — The South Korean government is set to launch a crowdfunding campaign for small and medium enterprises with creative ideas in a bid to promote and boost private investment. According to the Ministry of SMEs and Startups on Thursday, a government branch set up under the Moon Jae-in government last [...]
SEOUL, Aug. 25 (Korea Bizwire) — The amount of crowdfunding in South Korea shot up nearly 29 percent this year, data showed Friday, showing the platform growing as an effective financing option for startups. According to the data by the Korea Securities Depository, 106 companies raised a combined 14.2 billion won (US$12.6 million) from 5,826 [...]