crowdfunding Archives | Page 2 of 3 | Be Korea-savvy
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 [...]

Korean Startup Presents DIY Internet of Things

Korean Startup Presents DIY Internet of Things

SEOUL, Nov. 7 (Korea Bizwire) – The latest product by Korean startup Luxrobo brings IoT to a whole new level.  Unlike most IoT devices that come as a single complete product (i.e. robot vacuum), Luxrobo’s “MODI” allows users to turn electronics or household appliances of their choosing into IoT devices, using technology that the company [...]

Equity Crowdfunding Market Gains Ground in S. Korea

Equity Crowdfunding Market Gains Ground in S. Korea

SEOUL, Aug. 25 (Korea Bizwire) – The South Korean market for so-called equity crowdfunding has been gaining momentum recently on growing investor interest amid ultra-low interest rates, industry sources said Thursday.  Also referred to as crowdinvesting, equity crowdfunding is the online offer of unlisted shares and corporate bonds to a group of investors. In January, [...]

Success of Operation Chromite Promises Bright Future for Crowdfunding

Success of Operation Chromite Promises Bright Future for Crowdfunding

SEOUL, Aug. 8 (Korea Bizwire) – Crowdfunding is not an unknown concept in Korea, but it certainly isn’t a well-established one. However, the recent success of Operation Chromite, a Korean War blockbuster film loosely based on real-life events, has signaled a bright future for Korean crowdfunding ventures.  A total of 500 million won ($448,000) was [...]

Korean Movie Raises 300 Million through Crowdfunding Campaign

Korean Movie Raises 300 Million through Crowdfunding Campaign

SEOUL, June 15 (Korea Bizwire) – The movie “The Hunt” starring Ahn Sung-ki and Cho Jin-woong successfully finished a round of crowdfunding on Tuesday, June 14. The Hunt Crowdfunding Corporation, established exclusively to raise funds for the movie, started attracting funds on June 13, with the goal of raising 300 million won. By 2 p.m. on [...]