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South Korean beauty and tech startup Toun28 co-founder and CEO Jung Maria said she plans to expand the company’s unique customized monthly cosmetics subscription service next year. “We aim to reach an average of over 5,000 subscribers per month next year. Currently, the number of our subscribers...
Sweet Spot, a Seoul-based property technology startup that introduced the concept of retail short-term space rental marketplace in South Korea, is looking to expand to the untapped realm four years after launch. Acting as a marketplace platform that connects real estate owners with brand operators...
HELSINKI – This week, a total of twenty-five thousand including investors, startups and students flocked to the Finnish capital of Helsinki to attend Slush, a startup conference that has gained enormous traction over the past decade. This year, Slush is out to tackle topics concerning why compani...
The concept of financial inclusion is increasingly easier to grasp in Asian countries. In the past, those who were geographically isolated and did not own bank accounts had no other choice but to remain unbanked, leaving cash as the sole means of transactions. But as mobile phones allow them to g...
South Korean micro-mobility startup MaaS Asia announced on Nov. 18 that it has launched upgraded electric kickboards for its sharing service. “We reflected on the diverse feedback we received after operating our first-generation electric kickboards,” MaaS Asia CEO Jung Su-young said in a stateme...
Let’s say a car-sharing startup tries to launch a business. It will essentially have to buy cars and develop a mobile app for people to use. But that is just the beginning. The startup realizes cars operate remotely, so it finds a need to a control-system for cars -- which have to be regularly ma...
Entrepreneurs Roundtable Accelerator, a New York City-based accelerator, said on Nov. 13 that it has invested in South Korean esports startup Gen.G. The New York accelerator did not disclose the exact investment amount, but it came after a group of investors -- Los Angeles Clippers minority owner ...
Since its first electronic inter-bank transaction in 2001, South Korea has observed a fast-paced financial technology evolution, coupled with high mobile and internet penetration and the latest deregulation measures. A recent conference by IFC -- a sister organization of the World Bank and member ...
South Korean startup accelerator MashUp Angels announced on Nov. 12 that it has decided to fund deep learning-based tech startup Lion Rocket. “We expect Lion Rocket to become a top company in the domestic and foreign market with its tech and ability to receive audio contents,” MashUp Angels CEO ...
Food tech startup hopes to raise awareness of food waste in Korea More than 820 million people still suffer from hunger due to food shortages, according to a recent United Nations report. However, developed nations produce and throw away excessive amounts of food. In South Korea, some 2,000 tons o...
South Korea’s nonprofit organization Startup Alliance said on Nov. 11 it plans to co-host a three-day training program with Berkeley Center for Law and Business at University of California in December, marking a third one. Dubbed “Berkeley VC Academy,” the program is to be held Dec. 4-6 at Trad...
Singapore-based financial technology startup M-Daq said Nov. 11 that it had raised an undisclosed pre-series D round from multiple investors, including Samsung Venture Investment, to expand its cross-border currency trading solutions to South Korea. Both M-Daq and Samsung Venture, a venture capita...
“The most challenging part of getting something out of startup ecosystems is getting into one, and that is 100 percent dependent on you,” said Antti Hammainen from Finland, who gave a keynote speech at this year’s Global Innovator Festa held last week in Daegu. “I mean, you just have to pick y...
SOSV, a global accelerator venture capital, hopes to seek promising Korean startups for its upcoming new batch, the company’s analysts said at an event hosted by Korea Institute of Startups and Entrepreneurship Development on Nov. 8. SOSV’s regional accelerator units -- business-to-business-focu...
Taxi ride-sharing app Banban taxi operator Kornatus said on Nov. 8 that it aims to reach 100,000 users by the end of this year. “By offering better services and adding value, we are aiming to increase our current number of users to over 100,000 from the current 30,000 by the end of this year,” K...
Korea Eximbank extends $120m to Cambodia for road development
Daewoo E&C chairman meets Cambodian PM
CJ Olive Young's Q1 sales jump on strong overseas trade
Seoul sees further jump in cost of dining out
Metanation, Memetoon partner up for webtoon, short-form services
Woori partners with India’s Tata Motors in auto finance push