startups Archives | Be Korea-savvy
StackPath Propel Startup Program Celebrates One Year Anniversary

StackPath Propel Startup Program Celebrates One Year Anniversary

DALLAS, Sept. 4 (Korea Bizwire) — One year ago StackPath, the world’s only secure edge platform, launched  StackPath Propel, a program that provides resources, insight, and expert advice to early-stage companies at no cost to them. “It’s been part of StackPath culture since day one to support the startup community and it was a great [...]

Gov’t Launches New Fund to Invest in Startups

Gov’t Launches New Fund to Invest in Startups

SEOUL, Sept. 3 (Korea Bizwire) — The government on Monday launched a 3 trillion-won (US$2.7 billion) fund to invest in promising startups as it seeks to promote innovation-led economic growth. The government has unveiled a set of support measures to boost innovative growth by providing funding and other incentives to eight key sectors, such as [...]

Gov’t Promises to Help Finance Smart Factory Clusters

Gov’t Promises to Help Finance Smart Factory Clusters

SEOUL, Aug. 6 (Korea Bizwire) — Companies that share similar production processes will be able to finance high-quality “smart” factories cost-effectively by coming together in clusters of five or more. The Ministry of SMEs and Startups revealed yesterday that it would be partially funding the establishment of factories that would benefit companies through economies of [...]

Ministry to Implement Payment System for Small Businesses

Ministry to Implement Payment System for Small Businesses

SEOUL, Jun. 7 (Korea Bizwire) — A new payment system will be implemented aimed at addressing one of the top difficulties small businesses face, payment processing charges. Hong Jong-hak, the minister of SMEs and Startups, stated at a gathering relating to the issue today that an innovative payment system is needed to relieve small businesses [...]

Samsung’s Creative Lab Supports Three More Startups

Samsung’s Creative Lab Supports Three More Startups

SEOUL, Jun. 7 (Korea Bizwire) — Samsung Electronics revealed yesterday that it had selected three startups developed internally and discovered through “Creative Lab,” a program developed to nurture internal startups. With the three additional startups, the total number of startups supported by Samsung’s Creative Lab totals 34. The newly selected startups are Agwart, Catch Flow [...]

Global Blockchain Startups Head to S. Korea

Global Blockchain Startups Head to S. Korea

SEOUL, May 13 (Korea Bizwire) — A string of global blockchain companies have recently entered South Korea to start their business, including startup Steemit Inc., industry sources said Sunday. The U.S.-based Steemit — founded by Ned Scott in 2016 — is a social networking website that uses its own blockchain-based rewards platform for publishers. The [...]

Startups Urged to Commercialize Intellectual Property in China

Startups Urged to Commercialize Intellectual Property in China

SEOUL, Apr. 25 (Korea Bizwire) — South Korean companies operating in China are being encouraged to make use of the Chinese government’s support for the creation of intellectual property. Speaking to South Korean business owners and students during a forum in Shanghai on Sunday, Seo Dong-wook, the director of the Shanghai branch of the Korean Cultural [...]