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SmartStudy, best known for its super viral “Baby Shark” song, saw record revenue last year backed by overseas sales, the educational entertainment company said Tuesday. The company’s revenue soared by 164 percent to 105.5 billion won ($84.4 million) from a year ago, while operating profit jumpe...
Dot Inc , a South Korean startup that develops digital devices for visually impaired people, won the UN World Summit Awards 2020, which took place in Vienna, Austria last week. The WSA award startups that enhance social value. This year, it selected nine final winners in eight categories from 40...
Yanolja, South Korea’s leading hotel booking operator, saw a revenue growth of more than 70 percent for the fifth consecutive year, the company said on March 20. The company, one of Korea’s 11 unicorn startups valued at more than $1 billion, logged a revenue of $260 million, up 78.8 percent from...
For Hwangbo Kyung-sun, a 29-year-old office worker in Seoul, it has become a routine to take omega-3 supplements and krill oil pills along with bringing a face mask and hand sanitizer to protect herself against the fast-spreading COVID-19. “It is basically the most I can do to not get infected f...
Robots delivering food to doorsteps and serving tables at restaurants may not be that far in the future. LG Electronics and Woowa Brothers said Friday they will jointly develop food delivery-and-serving robots, combing LG’s artificial intelligence and automated indoor driving technologies with W...
Personal mobility startups remain mostly unaffected by the ongoing coronavirus outbreak for the time being, according to industry sources. Electric scooter-sharing service Kickgoing operator Olulo, with more than 440,000 members, said Wednesday that its personal mobility business has not been gre...
South Korea’s biggest food delivery service in terms of market share, Baedal Minjok, will provide financial support for its riders if they have to go into self-quarantine for COVID-19, the company announced Wednesday. For delivery riders who have to miss work due to a suspected case of COVID-19,...
Things are slowing down as the novel coronavirus appears to become a pandemic. In Korea, big and small meetings -- even demo day events -- are being canceled and people are afraid of human contact. Even though IMF Managing Director Kristalina Geogieva said it is too soon to gauge the economic impac...
David Yungin Kim, a two-time Grammy award-winning mix engineer, is set to hold his first music mixing workshop in Seoul on Feb. 29. Titled as “All Up in the Mix Workshop in Seoul by David Yungin Kim,” the workshop is the first music producing, recording and mixing workshop organized in Korea by ...
The Seoul Central District Court on Feb. 19 found Socar CEO Lee Jae-woong and VCNC CEO Park Jae-wook not guilty of violating transportation laws with its ride service strongly opposed by the taxi industry. Socar is the parent of VCNC, which runs Tada, a 11-seat van-hailing mobile app service. Th...
NH Nonghyup introduced 10 startups of the second batch for its accelerator program on Feb. 14, in a private demo day. The 10 startups were incubated by the banking group and impact investing firm Crevisse Partners for the last six months. NH Nonghyup launched its first accelerator program a year a...
H2O Hospitality, a vacation rental management company in Japan announced on Feb. 4 it has raised US$7 million in Series B funding from Korea’s venture capitals. Led by Samsung Ventures, Stonebridge Ventures, IMM Investment, and Shinhan Capital also joined the funding round that came as the two-y...
In the past two years, The Investor team has covered news from inside and outside South Korea and one big question we always kept in mind was how Korean startups go beyond the country that is isolated by oceans and the borderline with North Korea. But when we turned around once, there was a growing...
There is a nonprofit organization that might be harder to get into than the prestigious Harvard University. While the Ivy League university had an acceptance rate of 4.5 percent in 2019, more than 6,240 people applied for 40 job openings at Charity: Water, according to founder and CEO Scott Harris...
Asia Film Lab announced on Jan. 27 that it is inviting Korean applicants for a Masterclass Film Workshop by Hollywood choreography and movement director Francesca Jaynes, scheduled to be held in Seoul over Feb. 5-9. This is to be AFL’s first Masterclass Film Workshop in Asia. Since 2014, AFL has ...
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