SEJONG, Oct. 16 (Korea Bizwire) — South Korea’s finance minister said Friday that the government plans to introduce multiple voting rights for non-listed venture startups to help shareholders strengthen their control over companies. Finance Minister Hong Nam-ki said the scheme is aimed at encouraging venture startups to get major investment deals, while defending companies against [...]
SEOUL, Oct. 7 (Korea Bizwire) — South Korea’s public institutions have been mandated to buy 8 percent of their annual procurements from startups. The Ministry of SMEs and Startups announced that the revised enforcement ordinance of the SME Establishment Support Act was resolved at a cabinet meeting and would take effect from Thursday. Under the [...]
SEOUL, Sept. 18 (Korea Bizwire) — Almost half of the South Korean startups that ending up going global actually have origins in overseas countries, under the goal of targeting the global market, a state-run trade promotion agency said Thursday. As a result of a survey of the nation’s 135 startups that have been active in [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korea’s investment in startups sank more than 17 percent in the first half of the year due to the coronavirus outbreak, government data showed Tuesday. A total of 1.65 trillion won (US$1.38 billion) was invested in promising venture firms and startups in the January-June period, down 17.3 percent [...]
SEOUL, July 21 (Korea Bizwire) — An accelerator for tech startups operated by Naver Inc., South Korea’s largest internet portal operator, said Tuesday it has made new investments in two promising tech startups. Naver’s D2 Startup Factory, also known as D2SF, said it has selected the two startups that have expertise in developing solutions that [...]
SEOUL, July 6 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong on Monday vowed support for startups in another on-site visit amid global uncertainties. Lee, the de facto leader of South Korea’s top conglomerate, Samsung Group, visited the tech giant’s startup incubation center in Suwon, south of Seoul, and encouraged workers at its in-house [...]
HONG KONG, CHINA, June 26 (Korea Bizwire) - If you have ever been called a “jack-of-all-trades,” you can rest assured the phrase “master of none” isn’t far behind. At the very least, it is often implied. But how relevant is this old saying in today’s business world? Unless you are a jack-of-all-trades who works in an [...]
SEOUL, April 20 (Korea Bizwire) — More businesses in the IT and startup industry are opting to check consumer demand first before manufacturing products and services as the number of active consumers is on the increase. This way, businesses can effectively reduce the risk of failure and minimize opportunity costs. Class 101, an online education [...]
SEOUL, March 23 (Korea Bizwire) — The employment effect of unicorn companies and prospective unicorn companies with a value of more than 1 trillion won (US$781 million), which the government has committed to supporting, has been slowing down. While the number of employees recruited is increasing, some point out that the number of employees who [...]
SEOUL, March 12 (Korea Bizwire) — While the novel coronavirus outbreak is spreading at a rapid pace in Korea, Korean startup firms are also seeing their own technologies shine. Vodacom, a startup specializing in telecommunication platforms, decided to provide its “Video Help Me” (Videohelp.me) service free of charge until May for public institutions, small and [...]