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S. Koreans Interested in Starting Own Biz, Earnings Top Consideration: Poll

S. Koreans Interested in Starting Own Biz, Earnings Top Consideration: Poll

SEOUL, Jan. 29 (Korea Bizwire) — A large number of South Koreans are interested in starting their own businesses and earnings are their top consideration, a poll conducted by a public start-up support foundation showed Sunday. The latest findings from the Korea Institute of Startup & Entrepreneurship Development (KISED) revealed that 53.5 percent of the [...]

Scotiabank Partners with QED Investors to Promote FinTech Start-ups in Latin America

Scotiabank Partners with QED Investors to Promote FinTech Start-ups in Latin America

TORONTO, ON and ALEXANDRIA, VA, Dec. 8 (Korea Bizwire) - Scotiabank and QED Investors announced today a new and innovative partnership that will inject capital and industry expertise into select Latin American FinTech companies. The joint investment will create a venture capital platform that will identify, invest and promote the growth of innovative start-ups across the [...]

SK Telecom, Facebook to Launch Start-Up Incubator for Telecom Equipment

SK Telecom, Facebook to Launch Start-Up Incubator for Telecom Equipment

  SEOUL, Nov. 3 (Korea Bizwire) — SK Telecom Co., South Korea’s top mobile carrier, and Facebook Inc. will set up a start-up incubator in South Korea early next year to encourage people to launch start-ups for telecom equipment, company officials said Thursday. Details of the planned incubator, which will be established during the first [...]

Angel Investment Exceeds W100 Billion for First Time Since 2003

Angel Investment Exceeds W100 Billion for First Time Since 2003

SEOUL, July 27 (Korea Bizwire) – The Small and Medium Business Administration (SMBA) of South Korea announced on July 26 that last year’s angel investment – funds provided for start-up businesses – increased by 67.7 percent, exceeding 100 billion won ($88 million) for the first time since 2003. Considering the tax exemption limit law, investment profits [...]

Cisco and Infocomm Investments Launch Innovation Program for Singapore Focused Start-Ups

Cisco and Infocomm Investments Launch Innovation Program for Singapore Focused Start-Ups

SINGAPORE and BARCELONA, SPAIN, Nov. 19 (Korea Bizwire) – Infocomm Investments Pte Ltd (IIPL), a wholly owned subsidiary of the Infocomm Development Authority of Singapore (IDA), and Cisco (NASDAQ: CSCO) today signed a memorandum of intent to identify and nurture Singapore-focused start-ups to participate in the Cisco-Technopreneur Action Group, Platform Accelerated Start-ups (TAG.PASS) Smart Innovation [...]

Small Angel Investors to Get 100% Tax Deduction under a New Law

Small Angel Investors to Get 100% Tax Deduction under a New Law

SEOUL, Nov. 24 (Korea Bizwire) — The government will increase the tax exemption privileges to angel investment, the investment made by groups of individual investors to start-up firms. The subcommittee on taxation under the strategy & finance committee, National Assembly, was reported on November 21 to have approved the tax privilege restriction law that includes [...]

Samsung to Lend Support to Local Tech Ventures in Daegu

Samsung to Lend Support to Local Tech Ventures in Daegu

Seoul, Nov. 21 (Korea Bizwire) — Samsung Electronics held a Samsung Venture Partners Day on November 21 in Daegu in an effort to encourage local economic revival. The company said it would lend support to start-up ventures in Daegu and surrounding areas in North Gyeongsang Province. In three business areas including the Internet of Things, [...]

How to Prevent Talent Poaching? Transfer Fee Imposition May Be the Answer

How to Prevent Talent Poaching? Transfer Fee Imposition May Be the Answer

SEOUL, May 6 (Korea Bizwire) – The top tech firms in Silicon Valley, including Google Inc., Apple Inc., Intel Corp., Adobe Systems Inc., agreed in late April to settle a lawsuit brought by 64,000 employees who alleged their wages had been depressed because of agreements among these companies not to recruit one another’s workers. According to [...]