startup Archives | Be Korea-savvy
Bank Investment in Tech Startups Soars in H1

Bank Investment in Tech Startups Soars in H1

SEOUL, Sept. 28 (Korea Bizwire) — South Korean banks sharply scaled up their investment in tech startups in the first half of the year with their lending to the sector climbing solidly, the financial regulator said Thursday. Domestic lenders’ investment in low-credit startups with a high level of technology stood at some 1.2 trillion won [...]

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 [...]

Samsung Electronics, SK Hynix Create 200 Million Won Fund for Semiconductor Industry

Samsung Electronics, SK Hynix Create 200 Million Won Fund for Semiconductor Industry

SEOUL, Aug. 22 (Korea Bizwire) – The Korea Semiconductor Industry Association (KSIA) announced today that an investment forum specially devoted to the nurturing of startups and venture capital firms in the semiconductor industry will be launched in the near future. The purpose of the forum is to offer a variety of services such as management [...]

Gov’t to Set Up 500 bln Won Fund for Venture Startup Failures

Gov’t to Set Up 500 bln Won Fund for Venture Startup Failures

SEOUL, May 26 (Korea Bizwire) — The government plans to raise 500 billion won (US$447.5 million) in funds to help entrepreneurs at venture startups restart business when they fail, officials said Thursday. In South Korea, a failure in a venture startup often leads to ruin, prompting young entrepreneurs to shun risk-taking, which has been cited [...]

S. Korea Lags Behind Rivals in Attracting Foreign Talent

S. Korea Lags Behind Rivals in Attracting Foreign Talent

SEOUL, May 17 (Korea Bizwire) — South Korea lags behind rival industrialized countries in attracting talented foreign workers, various industry data showed Tuesday, despite the government’s effort to ease its visa issuance system to cope with the country’s declining labor force. The number of foreigners residing in South Korea jumped from 1.4 million in 2011 [...]

S. Korea Calls for Strengthened Technology Cooperation with Israel

S. Korea Calls for Strengthened Technology Cooperation with Israel

SEOUL, Apr. 10 (Korea Bizwire) — South Korea’s vice trade minister called for strengthened cooperation in technology with Israel Sunday to cope with the technology-driven fourth industrial revolution, the ministry said. Speaking to a forum in Tel Aviv, Jeong Marn-ki said South Korea and Israel can create synergy by combining Israel’s technological prowess and startup [...]

Samsung Launches Five Creative Initiatives as Startups

Samsung Launches Five Creative Initiatives as Startups

SEOUL, April 6 (Korea Bizwire) – Five new projects from Samsung Electronics’ incubation program, C-Lab, will soon launch as startups, the tech giant announced on Wednesday.  Bebefit is a smart baby carrier that makes it easier for parents to carry their children, with a “convertible hipseat” structure that allows the wearer to adjust the center [...]