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 [...]
SEOUL, Jan. 29 (Korea Bizwire) – When it comes to innovation and new business models, free rider problems are among the most discouraging practices in the tech industry. Start-ups and SMEs have complained incessantly that conglomerates snatch away and make illicit use of fresh new ideas originally conceived by bright-minded entrepreneurs, thereby severely damaging their [...]
SEOUL, Nov. 29 (Korea Bizwire) – A total of 16 ideas were selected as finalists for the Second Idea Contest for Public Safety Science, hosted this year by the National Police Agency and the Ministry of Science, ICT and Future Planning. The contest’s grand prize (general category) went to Yoon Hyung-ryul, who suggested using a [...]
DAEJEON, Nov. 10 (Korea Bizwire) – The grand prize (Presidential Award) at the 2016 University Competition for Original Inventions went to a team from Cheongju University for their “bi-directional wheelchair”. The idea is to remove the inconvenience of conventional wheelchairs that only allowed patients to sit in a single direction, which made it uncomfortable or [...]
JEONJU, South Korea, Oct. 25 (Korea Bizwire) – Park Jin-soo, a 21-year-old police sergeant, came up with an idea to brighten up his city while looking at Jeonju’s bus stops every time he was on traffic duty. According to Park, the sight of weary passengers waiting for the bus at the city’s generic, uninspiring bus [...]
SUWON, Aug. 31 (Korea Bizwire) – Gyeonggi Province announced the 20 finalists of its 10th Public Design Contest Exhibit on Monday. This year’s exhibit focused on ‘Service Design’ projects that sought for the obstacles and difficulties faced by ordinary people, and suggested ways to improve their overall satisfaction levels. The grand prize went to 360˚READER, [...]