SEOUL, April 19 (Korea Bizwire) – In a dramatic turn, the South Korean government has decided to offer assistance to more promising and competitive startups as part of its venture support programs. Previously, the government focused on expanding the pool of startup companies, putting more energy into fostering entrepreneurship and venture startups, and choosing a [...]
SEOUL, March 29 (Korea Bizwire) – Starbucks Korea opened three more “startup” cafes aimed at helping foster the launch of creative businesses by young adults on Tuesday in partnership with the government. The Ministry of Science, ICT and Future Planning and the Presidential Committee on the Young Generation have reached out to the local arm [...]
SEOUL, March 24 (Korea Bizwire) – Venture capitalists continued to pour money into South Korean startup companies this year on hopes for handsome returns following last year’s success amid cheap available capital, data showed Thursday. The investment in startup companies was tallied at 253 billion won (US$216 million) in the first two months of the year, [...]
NEW YORK, Feb. 16 (Korea Bizwire) — LodgIQ™, which is firmly committed to bringing the discipline of revenue optimization into the 21st century, today announced the official launch of the company and its platform. LodgIQ RM™ is a next-generation revenue optimization platform for the hospitality industry developed by seasoned travel executives and Silicon Valley technologists. [...]
SEOUL, Jan. 18 (Korea Bizwire) – The government plans to build business zones this year that are modeled after Silicon Valley in the U.S. and house ventures from home and abroad as part of efforts to help develop a startup hub, the science ministry said Monday. In a New Year’s policy report to President Park [...]
SEOUL, Nov. 17 (Korea Bizwire) – The South Korean arm of the world-famous coffee chain Starbucks and the country’s ICT ministry said Tuesday they will launch what they call a “startup cafe,” where visitors can share experiences and ideas on starting a new company. Starbucks and the Ministry of Science, ICT and Future Planning said [...]
SEOUL, Oct. 8 (Korea Bizwire) – Egnis, a startup company that sells meal replacement formulas, succeeded in raising 10 billion won in 29 hours through crowd funding. The funds were raised to mass produce a new product called Lab Nosh. Egnis started its campaign on the Wadiz (www.wadiz.kr) crowd funding site, at 11 a.m. on [...]
SEOUL, Sept. 22 (Korea Bizwire) – It has been pointed out that in order to continue the growth of domestic startup businesses, the ‘exit (investment collection) market’ should be activated. Kim Ju-wan, a consulting partner at McKinsey & Company, stated that the domestic startup ecosystem has entered a typical vicious cycle, at a debate entitled ‘The [...]
SEOUL, Aug. 18 (Korea Bizwire) – In partnership with Japanese investment companies, domestic startup businesses are hoping to target the Japanese market. KOTRA, the Korea Trade Promotion Corporation, signed an agreement with startup businesses and Japanese venture capital firms (VCs) as part of its ‘Startup Growth’ initiative. ‘Startup Growth’ is a program that connects overseas [...]
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 [...]