SEOUL, July 22 (Korea Bizwire) – WeMakePrice, a Korean social commerce company that went through a major PR fiasco after firing and rehiring 11 merchandising assistants earlier this year, has chosen to offer stock options to all of its regular workers. A stock option is a contract between an employer and its employees in which [...]
SEOUL, June 24 (Korea Bizwire) — Venture capitalists have poured money into tech start-ups this year as the bullish tech-heavy bourse boosted hope for lucrative returns from public offerings and low interest rates made cheap capital available, data showed Wednesday. Total investment in South Korean venture firms stood at 5.8 trillion won (US$5.24 billion) as of [...]
SEOUL, April 25 (Korea Bizwire) — Samsung Electronics, South Korea’s No. 1 tech giant, said Saturday it plans to inject US$5 million into Brazil over the next five years to foster startups there, adding it will also share its business know-how. Under the agreement with the Brazilian Association of Science Parks and Business Incubators, an [...]
DAEGU, Feb. 12 (Korea Bizwire) — Samsung Group, South Korea’s top conglomerate, said Thursday it will invest 90 billion won (US$81.3 million) to build a center at the conglomerate’s birth city that assists local startups. The group, which holds the world’s top smartphone maker Samsung Electronics Co. under its wing, said it will build the [...]