SEOUL, Nov. 3 (Korea Bizwire) – Online-based real estate startups are bulking up rapidly, bringing about a new trend in the South Korean real estate market. Dawin Property, a real estate brokerage firm, recently attracted an investment of 3 billion won (US$2.54 million) from SoftBank Ventures Asia Corp. and Fast Ventures, according to industry sources. [...]
SEOUL, Sept. 27 (Korea Bizwire) — South Korea said Monday it plans to increase support for overseas expansion by startups and smaller firms as part of efforts to strengthen its ties with Southeastern Asian countries and nations in Eurasia. The government plans to further promote economic cooperation with the 10-member states of the Association of [...]
SEOUL, Sept. 17 (Korea Bizwire) — Hwang Jae-min checks out his smartphone apps several times a day to search for new homes up for sale so he can move to another house. When the 41-year-old bought a three-room flat in Yongin, a satellite city south of Seoul, six years ago, he called several real estate [...]
SEOUL, Aug. 30 (Korea Bizwire) — New services are taking care of ‘cumbersome tasks’ on behalf of those who want to stay indoors following the coronavirus outbreak. Fitco introduced a service in November that comes up with various recommendations on fashion, picked by professional stylists based on the ‘Style Quiz’ questionnaire that asks customers some [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Korean technology giant Naver Corp. made a series of investments in four local startups this month as part of efforts to strengthen its online shopping business. Early this month, Naver invested 10 billion won (US$8.71 million) in online meat distribution startup Jeongyookgak. This investment cleared the way for [...]
INCHEON, May 12 (Korea Bizwire) — Eco Nuri, the first liquefied natural gas (LNG)-powered ship in Asia which has been operated by the Incheon Port Authority since 2013, is supporting the cultivation of domestic startups. The LNG-powered ship that was introduced in July 2013 as a guide ship for the port of Incheon has accommodated [...]
SEOUL, April 27 (Korea Bizwire) — South Korea’s investment in startups spiked nearly 61 percent in the first quarter of the year amid hopes of high returns, government data showed Tuesday. A total of 1.25 trillion won (US$1.12 billion) was invested in promising venture firms and startups in the January-March period, up 61.1 percent from [...]
NEW YORK, April 22 (Korea Bizwire) — Today, The Coca-Cola Company, Colgate-Palmolive Company and Unilever have joined the Anheuser-Busch InBev (AB InBev) 100+ Accelerator to fund and pilot sustainable innovation in supply chains. Launched in 2018, the 100+ Accelerator is a global incubator program that works to solve supply chain challenges across water stewardship, circular [...]
SEOUL, April 15 (Korea Bizwire) — The amount of investment in South Korean startups touched a record high in 2020 amid hopes of high returns and policy support, a state-run lender said Thursday. A total of 4.3 trillion won (US$3.85 billion) was invested in startups last year, up from 4.2 trillion won a year earlier [...]
SEOUL, April 13 (Korea Bizwire) — Last year, the employment rate among young South Koreans dropped while the number of startups increased. The Ministry of SMEs and Startups and Statistics Korea reported that the number of startups with founders under the age of 30 reached 152,000 last year, rising by 18.7 percent from the previous [...]