crowdfunding Archives | Be Korea-savvy
Min Yu-ra Claims She Did Not Benefit from Crowdfunding Donations

Min Yu-ra Claims She Did Not Benefit from Crowdfunding Donations

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 [...]

CUHK Business School Research Reveals Large Early Contributions from Family and Friends May Affect Crowdfunding Success

CUHK Business School Research Reveals Large Early Contributions from Family and Friends May Affect Crowdfunding Success

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 [...]

Gov’t to Relax Rules for Crowdfunding to Help SMEs

Gov’t to Relax Rules for Crowdfunding to Help SMEs

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 [...]

Crowdfunding in S. Korea in 2017 Jumps About 60 pct

Crowdfunding in S. Korea in 2017 Jumps About 60 pct

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, [...]

Crowdfunding in S. Korea Soars 29 pct This Year

Crowdfunding in S. Korea Soars 29 pct This Year

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 [...]

Over Half of Crowdfunding Startups Successfully Raise Funds

Over Half of Crowdfunding Startups Successfully Raise Funds

SEOUL, July 10 (Korea Bizwire) – Over six in ten startups in South Korea that initiated crowdfunding this year successfully managed to fund their business ideas, with around 15 projects getting help every month. According to a statement from the Financial Services Commission (FSC) on Sunday, since a crowdfunding platform was introduced last year, 197 [...]

Equity Crowdfunding Emerges as New Investment Trend

Equity Crowdfunding Emerges as New Investment Trend

SEOUL, April 14 (Korea Bizwire) – Crowdfunding was a rather alien concept in South Korea up until 2015, when a revision to the Capital Market Act was passed by the National Assembly, paving the way for a practice called equity crowdfunding.  Unlike reward-based crowdfunding, which compensates sponsors with different prizes, equity crowdfunding allows the investor [...]

Korean Investors See Big Potential in Crowdfunding

Korean Investors See Big Potential in Crowdfunding

SEJONG, Jan. 29 (Korea Bizwire) – Crowdfunding fared well last year when the idea of raising money from a large number of people made its debut in Korea. The success rate in funding through this alternative way of raising money reached nearly half of overall funding rounds with about 18 billion Won being raised. According [...]