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Over Half of Startups Fear Negative Impact from Proposed Platform Competition Law

Over Half of Startups Fear Negative Impact from Proposed Platform Competition Law

SEOUL, Jan. 31 (Korea Bizwire) – A recent survey has revealed that more than half of South Korean startups are concerned that the Platform Competition Promotion Act (PCPA), pushed forward by the Fair Trade Commission, could adversely affect the startup ecosystem.  Startup Alliance, a non-profit organization, surveyed 106 founders and co-founders of domestic startups from January [...]

S. Korean Startups Carry Out Intensive Restructuring amid Financial Market Turmoil

S. Korean Startups Carry Out Intensive Restructuring amid Financial Market Turmoil

SEOUL, May 1 (Korea Bizwire) — South Korean startups are carrying out intensive restructuring amid lingering concerns over the state of financial markets ignited by the collapse of the United States-based Silicon Valley Bank (SVB). Zigbang, the country’s top home-matching platform, began conducting individual interviews regarding annual evaluation results starting this month and pushed many [...]

Driving Innovation, Samsung Electronics Fosters Promising Tech Startups

Driving Innovation, Samsung Electronics Fosters Promising Tech Startups

SEOUL, Nov. 24 (Korea Bizwire) — When Joung Ji-won, the founder and CEO of Algocare Lab, decided to apply for a venture incubator program of Samsung Electronics Co. last year, her startup was in its third year of operation and already recognized for its innovative ideas for personalized nutrition management. Still, she found it challenging [...]

LG Selects 9 Startups for Future Growth Engine

LG Selects 9 Startups for Future Growth Engine

SEOUL, Sept. 13 (Korea Bizwire) — LG Electronics Inc. said Tuesday it has chosen nine startups that could lead the tech company’s future growth in digital health, metaverse and electric mobility. LG’s San Francisco-based North American Innovation Center wrapped up its two-day Fall Innovation Festival last week, where it announced nine most-promising startups in the [...]

S. Korean AI Healthcare Startups Building Strong Track Records

S. Korean AI Healthcare Startups Building Strong Track Records

SEOUL, Sept. 6 (Korea Bizwire) — South Korea’s artificial intelligence (AI)-based medical equipment startups are establishing solid track records, playing a leading role in the digital healthcare market. A medical AI solution firm VUNO Inc., for instance, recently acquired licenses from the health authorities of Saudi Arabia and Thailand for its AI-based chest X-ray image [...]