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E-commerce giant Coupang is trialing a buy-now, pay-later service. The new service is applied to products directly bought from and sold by Coupang, which are available for its next-day delivery service, Rocket Delivery, according to one official at the company, allowing users to purchase items on...
South Korean startups submitted an application on August 19 to authorities seeking an investigation on violations by Apple and Google customers regarding in-app purchases. According to an alliance of local application developers and startup firms, Apple has been forcing developers to use their sp...
Baemin, or Baedal Minjok, the country’s No. 1 delivery app by market share, said Tuesday that it has started operating the country’s first outdoor delivery robot, which delivers food from a restaurant to an apartment building. According to Woowa Brothers, the delivery app operator, it is now us...
Notion, a US-based all-in-one productivity tool, on Aug. 11 unveiled its first foreign-language version in Korean. At the launching event held online, the company said it chose South Korea as the first overseas market to make a foray with a local language edition because it has the largest user ba...
Gooroome, a local videoconferencing solution startup, has secured 2 billion won ($1.68 million) in pre-A funding round led by Innopolis Partners. “Gooroomee owns the country’s top two-way interaction videoconferencing technology. As the ‘untact’ lifestyle expands amid Covid-19, we expect Gooro...
STIC grabs Juvis STIC Investments is set to acquire Juvis Diet, a Korean weight-loss consulting chain, industry sources said on August 7. The Seoul-based private equity firm, which was selected as the preferred bidder for the deal, has reportedly offered 250 billion won ($211 million) for 100 per...
South Korean beauty video app Zamface said on August 6 that it has raised 5.5 billion won ($4.64 million) in series A funding from multiple investors to make inroads into the Southeast Asian market. STIC Ventures and Timewise investment as well as existing investors Korea Investment Partners join...
SkyLabs, a South Korean medical device startup, unveiled its first wearable device on August 5 to tap into a growing remote healthcare market. SkyLabs’ CART-I is a ring-type cardio detector that monitors irregular pulses of atrial fibrillation patients. The company’s device will compete with ot...
Grab Financial Group, the financial technology arm of Southeast Asia-based ride-hailing app Grab, on Tuesday rolled out a series of consumer financial services, including microinvestment and microloan schemes. The company’s new strategy, “Thrive With Grab,” includes microinvestments, third-part...
Colorado-based global startup accelerator Techstars is launching the first accelerator program in South Korea with 10 selected startups, the company said on August 4. Techstars Korea Accelerator is scheduled to kick off a 13-week program on August 31 with 10 domestic and overseas early-stage start...
Viva Republica, operator of mobile fintech platform Toss, said on August 3 that it has launched a payment gateway subsidiary called Toss Payments. The establishment of the new subsidiary comes after the fintech company reached an agreement with mobile network giant LG Uplus in December, taking ov...
Line Man, a delivery app operated by Line in Thailand, announced July 30 that it has landed an investment of $110 million from venture capital firm BRV Capital Management, marking the first time that any entity in the Line Group has secured a financial investment of this size for one of its overse...
South Korea on July 31 unveiled a financial package to inject some 40 trillion won ($33.48 billion) into 1,000 selected innovative businesses over the next three years. The plan seeks to promote synergies between the financial sector and actual industries, and to ultimately shore up the so-called...
South Korea’s venture capital houses are actively seeking exit plans from their startup investments as promising firms are gearing up for initial public offerings following the stock market recovery, according to market watchers on July 30. One of the VCs that already did so was Company K Partne...
Lotte Accelerator, Lotte Group’s corporate venture capital and startup incubator, held its sixth demo day online as the COVID-19 pandemic continued to inhibit mass gatherings. The infectious disease, however, could not deter startups from their efforts to turn a misfortune into a blessing, with se...
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