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 [...]
HONG KONG SAR, Feb. 25 (Korea Bizwire) - How important is experience in entrepreneurial success? If you take a look at the world’s most successful businesspeople, the anecdotal evidence would point to the negative. Consider that Bill Gates didn’t have any experience running a business before Microsoft, and neither did Steve Jobs before co-founding Apple. Fast forward [...]
SEOUL, Feb. 19 (Korea Bizwire) — About half of the employees hired by South Korean social ventures are under 30 years of age. According to a report from the Ministry of SMEs and Startups, the number of social ventures in South Korea totaled 1,509 as of August 2020, up 511 from a year prior. Among [...]
SEOUL, Feb. 2 (Korea Bizwire) — The state-run Korea Development Bank and the Hyundai Motor Group jointly announced on Monday that they will cooperate to create a fund that will explore and invest in promising startups in the mobility area. The two parties reached an agreement on the creation of the 74.5 billion won (US$66.6 [...]