SEOUL, Mar. 29 (Korea Bizwire) – The number of one-person creative enterprises in South Korea reached 987,812 in 2021, a 7.7 percent increase from the previous year, the Ministry of SMEs and Startups announced on March 28. This growth rate outpaced the 5.8 percent increase in the total number of new businesses during the same period. [...]
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 [...]
SEOUL, May 31 (Korea Bizwire) — The number of startups in South Korea dropped more than 4 percent in the first quarter of the year amid economic uncertainties at home and abroad, government data showed Wednesday. A total of 333,000 new companies were set up in the country in the January-March period, down 4.4 percent [...]
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 [...]
SEOUL, March 3 (Korea Bizwire) — The number of startups in South Korea fell more than 7 percent in 2022 from a year earlier amid a sluggish property market, government data showed Friday. A total of 1.317 million new companies were set up in the country last year, down 7.1 percent from a year earlier, [...]
SEOUL, Nov. 24 (Korea Bizwire) — The Ministry of Land, Infrastructure and Transport said Wednesday that South Korean companies held a joint demonstration of urban air mobility (UAM) aircraft at Gimpo Ara Marina in western Seoul. A UAM flight demonstration by local startups V Space and Voltline took place as part of the proceedings. The [...]
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 [...]
SEOUL, Nov. 22 (Korea Bizwire) — Eight out of 10 businesspeople who established startup companies in South Korea think the local investment market for young businesses has weakened in 2022 from a year earlier, a poll showed Tuesday. According to the survey from the annual “Startup Trend Report 2022″ by Startup Alliance and Opensurvey, 82 [...]
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 [...]
SEOUL, Sept. 6 (Korea Bizwire) — South Korea’s biggest global startup festival COMEUP has selected 70 startup finalists to participate in this year’s gathering to be held in Seoul in November, its organizer said Tuesday. The Korea Startup Forum said it has selected 30 up-and-coming companies with strong growth potential to join the Rookie League [...]