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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 [...]

SMBA to Allow Direct Investment in Intellectual Property Rights

SMBA to Allow Direct Investment in Intellectual Property Rights

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 [...]

Dollars Invested in Software Companies Reaches $4 Billion for the First Time Since Q4 2000

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 [...]