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Seoul Set to Develop More Global High-tech ‘Unicorns’

Seoul Set to Develop More Global High-tech ‘Unicorns’

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 [...]

LodgIQ Unveils Its Next-Generation Revenue Optimization Platform for Travel; Secures $5 Million in Seed Funding Led by Highgate Ventures

LodgIQ Unveils Its Next-Generation Revenue Optimization Platform for Travel; Secures $5 Million in Seed Funding Led by Highgate Ventures

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. [...]

Korean Startups Stuck in a Rut

Korean Startups Stuck in a Rut

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 [...]

Domestic Startups Join Japanese VCs to Target Japanese Market

Domestic Startups Join Japanese VCs to Target Japanese Market

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 [...]