HONG KONG, Aug. 9 (Korea Bizwire) — Sky9 Capital, a leading China venture capital firm, announced that China industry veterans KS Chay, Dr. Kok Peng Teh, Bob Xu, and Jason Zeng have joined its Advisory Board to provide strategic advice and foster long-term partnerships. KS Chay is Founder and Chairman of Enspire Capital, and previously [...]
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 [...]
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 [...]
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 [...]
SEOUL, March 24 (Korea Bizwire) – Venture capitalists continued to pour money into South Korean startup companies this year on hopes for handsome returns following last year’s success amid cheap available capital, data showed Thursday. The investment in startup companies was tallied at 253 billion won (US$216 million) in the first two months of the year, [...]
SEOUL, Nov.16 (Korea Bizwire) – The Small and Medium Business Administration (SMBA) has announced that it will allow venture funds to invest directly in intellectual property rights to meet the demand, and to encourage small and medium businesses to use their intellectual property. Previously, investments from venture funds were restricted to company shares and business [...]
WASHINGTON, April 19, 2014 (Korea Bizwire) – Venture capitalists invested $9.5 billion in 951 deals in the first quarter of 2014, according to the MoneyTree™ Report from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters. Quarterly venture capital (VC) investment activity rose 12 percent in terms of [...]