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Robot Startup Twinny’s CEO Says Starting Company with Twin Brother was ‘Great Choice’

Robot Startup Twinny’s CEO Says Starting Company with Twin Brother was ‘Great Choice’

SEOUL, Sept. 23 (Korea Bizwire) — Having majored in business administration in university and with eight years of previous work experience at the Korea SMEs and Startups Agency, Cheon Yeong-seok, co-CEO of robot startup Twinny Co., had always dreamed of one day starting his own business. Looking back though, Cheon said it had never crossed [...]

Wine-making By-products Turned Into High Value-added Beauty Products

Wine-making By-products Turned Into High Value-added Beauty Products

BUSAN, June 20 (Korea Bizwire) — South Korean startup DECANT said Sunday it has succeeded in turning tens of millions of tons of wine-making by-products that were being wasted annually into high value-added beauty products through bio-recycling. The company, located within the Busan Center for Creative Economy & Innovation’s startup incubation space B.Cube, has developed a [...]

Local Startup Develops Virtual Inspection System for Ships and Offshore Structures

Local Startup Develops Virtual Inspection System for Ships and Offshore Structures

SEOUL, Dec. 24 (Korea Bizwire) — TOADS, a local tech startup that participated in the region’s software service commercialization support project, received a Ministerial Award in the competition hosted by the Ministry of Science and ICT, the Busan IT Industry Promotion Agency said Wednesday. The company has developed and is preparing to commercialize a virtual [...]

LG Electronics Buys into U.S. Laundry Startup

LG Electronics Buys into U.S. Laundry Startup

SEOUL, Nov. 1 (Korea Bizwire) — South Korea’s LG Electronics Inc. said Friday it recently purchased a stake in U.S. laundry startup Washlava and supplied it with washing machines and dryers. LG Electronics, however, didn’t disclose the level of its interest in the Tampa-based company, which operates smartphone-exclusive laundromats, or the amount invested. The electronics [...]

Hyundai Card Launches Program to Help Startups Go Abroad

Hyundai Card Launches Program to Help Startups Go Abroad

SEOUL, Jul. 2 (Korea Bizwire) — Hyundai Card, South Korea’s leading credit card service provider, has set up a new partnership with global networking company Techstars to help startup businesses here go abroad, the company said Tuesday. “With this partnership, Hyundai Card will offer a support program to enter the global market for the members [...]