SEJONG, Dec. 23 (Korea Bizwire) – The number of newly established companies in South Korea fell slightly last year amid a protracted economic slump, government data showed Friday. Some 813,000 new businesses were created in 2015, down 30,000 from 843,000 tallied a year earlier, according to the data compiled by Statistics Korea. They took up [...]
SEOUL, Dec. 16 (Korea Bizwire) – Despite the somber statistic that only 38 percent of startups survive for more than three years, starting one’s own company is still a dream for many Koreans. So what do these companies seek when hiring employees to share their vision with? In a recent government study, 77.7 percent of [...]
SEOUL, Dec. 12 (Korea Bizwire) – Crowdfunding is constantly spreading in South Korea as an effective option for both startups and investors, less than a year after the platform was introduced here, government data showed Monday. More than 100 firms, mostly those in the manufacturing, ICT and film-making sectors, have raised a total of 16.3 [...]
SEOUL, Dec. 1 (Korea Bizwire) – South Korea hosted another event Thursday to demonstrate its financial technology, albeit still in the nascent stage, as the government views it as the key to the future of the nation’s financial sector. Seven “promising” fintech startups here participated in the Demo Day event, the 13th of its kind, [...]
SEOUL, Nov. 16 (Korea Bizwire) – Four out of 10 startups operating in the Seoul metropolitan area are located in Seoul’s Gangnam Ward, a survey showed Wednesday. According to the survey conducted by the Korean Startup Ecosystem Forum (KSEF), 39 percent of 295 startup companies in the capital region are located in the area in [...]
SEOUL, Nov. 16 (Korea Bizwire) – Facebook Korea announced Tuesday the launch of its new “Business Hub”, a platform that will connect millions of global Facebook users with entrepreneurs and content developers from Korea. According to Dan Neary, vice president of Asia Pacific at Facebook, Facebook will be supporting SMEs, startups, and content developers so [...]
YONGIN, South Korea, Nov. 11 (Korea Bizwire) – Digital security startup EYL became the first Korean company to win a Diamond award at MassChallenge, the world’s leading startup accelerator program and competition held annually in Boston, Massachusettes. EYL developed a chip-shaped device that generates micro random quantum numbers using radioisotopes, for digital security. The numbers [...]
SEOUL, Nov. 7 (Korea Bizwire) – The latest product by Korean startup Luxrobo brings IoT to a whole new level. Unlike most IoT devices that come as a single complete product (i.e. robot vacuum), Luxrobo’s “MODI” allows users to turn electronics or household appliances of their choosing into IoT devices, using technology that the company [...]
SEOUL, Nov. 1 (Korea Bizwire) – Samsung Electronics is launching an additional six of its “Creative Lab” projects as separate startups. Creative Lab, or C-Lab, is an in-house incubation platform that offers Samsung employees the opportunity to turn their creative ideas into reality. The company sponsors idea items with high business potential to be launched [...]
SEOUL, Oct. 25 (Korea Bizwire) – An over-the-counter stock market for promising startups will open in South Korea in November to help them raise funds more easily and offer investors a chance to buy their shares, the bourse operator said Tuesday. The Korea Exchange (KRX) said the stock market, named the KRX Startup Market (KSM) [...]