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Singapore-based Swingvy Draws US$7 Million from Samsung-led Investors

Singapore-based Swingvy Draws US$7 Million from Samsung-led Investors

SEOUL, May 3 (Korea Bizwire) — Swingvy, a Singapore-based human resource platform company, said Friday it has raised US$7 million from a group of investors led by South Korean tech giant Samsung’s venture capital investment arm. Swingvy said it has raised the investment in a Series A round of funding led by Samsung Venture Investment [...]

Geltor Announces Series A Funding from Cultivian Sandbox Ventures

Geltor Announces Series A Funding from Cultivian Sandbox Ventures

SAN LEANDRO, Calif. , Oct. 25 (Korea Bizwire) — Geltor, the bio-design company behind Designer Collagen, today announced $18.2 million in Series A financing, led by Cultivian Sandbox Ventures. The round includes investment from GELITA, the leading global supplier of collagen proteins, and ADM Ventures, the venture investing arm of global food and feed ingredient [...]

Red Tape Makes South Korea Unattractive to Startups, Industry Report Says

Red Tape Makes South Korea Unattractive to Startups, Industry Report Says

SEOUL, Jul. 13 (Korea Bizwire) — More than half of the successful international startups would have failed in South Korea due to the country’s onerous regulations that many industry experts have said hinder new business opportunities, a new report claims. During ‘Startup Korea!’, a policy conference held by the Asan Nanum Foundation and Google’s Campus [...]

New Businesses Propel Korean Exports

New Businesses Propel Korean Exports

SEOUL, Aug. 18 (Korea Bizwire) – Smaller startup and emerging companies are boosting their shipments abroad despite a prolonged downturn in Korea’s export sector.  According to the Korea International Trade Association (KITA), while Korea’s total exports from January to July 2016 decreased by 10.1 percent compared to the same period last year, exports by emerging [...]

Angel Investment Exceeds W100 Billion for First Time Since 2003

Angel Investment Exceeds W100 Billion for First Time Since 2003

SEOUL, July 27 (Korea Bizwire) – The Small and Medium Business Administration (SMBA) of South Korea announced on July 26 that last year’s angel investment – funds provided for start-up businesses – increased by 67.7 percent, exceeding 100 billion won ($88 million) for the first time since 2003. Considering the tax exemption limit law, investment profits [...]