POSCO sees battery materials sales double by 2030

South Korea’s POSCO Holdings Inc. expects sales of its rechargeable battery materials to more than double to 41 trillion won ($31 billion) by ...

Danble taps into overlooked market of men's fashion for older millennials

Danble, operated by Tailor Town, is an online fashion platform serving the often-overlooked market of men’s fashion for those in their 30s and...

Korea’s Socar gets pushback for high valuation ahead of IPO

South Korea’s mobility unicorn Socar Inc. faces controversy over its valuation after the car-sharing startup set the price guidance for its in...

Korean startups rely on word-of-mouth marketing for overseas penetration 

Thanks to what some economists dub a borderless economy, more South Korean startups than ever before are looking beyond the peninsula. Seoul-ba...

Moon boats light up the birthplace of Korean Confucianism

Riding a crescent moon-shaped boat that changes colors is a must-do experience in the small South Korean city of Andong, 190 km southeast of Seoul.T...

Hyundai’s US partner Aptiv invests in self-driving startup StradVision

Aptiv PLC, one of the world’s big three autonomous driving technology companies, has agreed to invest 50 billion won ($39 million) in StradVis...

Translink: Startup fundraising barely affected by economic downturn

Venture capital, or the business of investing in innovative private companies with growth potential, is a local endeavor most of the time.While this...

Temasek VC unit CEO sees recent downturn as investment opportunity

Vertex Venture Holdings, a venture capital unit of Singapore state investor Temasek Holdings, expects the recent global downturn to offer investment...

Why India’s top talent chose S.Korea for launch of edutech startup

TagHive Inc. is an education technology startup building a bridge between South Korea and India. The company’s founder and CEO Pankaj Aga...

Korea webtoon startup Kenaz acquired by hedge fund

South Korea’s leading webtoon production startup Kenaz was taken over by a domestic hedge fund as it aims to reduce dependence on major platfo...

LB Investment submits preliminary IPO assessment request to KRX

LB Investment has submitted a preliminary assessment request to the Korea Stock Exchange, the first step to an initial public offering. It chose Mir...

LG Group to invest $119 million into 300 startups through 2025

LG Group announced Thursday it will invest 150 billion won ($119 million) into 300 startups through 2025.The conglomerate hosted Superstart Brand ...

Startup tapped to lead S.Korea’s autonomous car security project

South Korea has embarked on a public-private project to bolster communication security for autonomous driving, for which a domestic startup will pla...

South Korean startups raise record-high Series A funding

South Korea's early stage startups raised a record amount of funding in the last 12 months.Even though venture capital firms at home and abroad are ...

Ex-footballer’s startup QMIT raises $2.4 mn in Series A

QMIT Inc., the operator of athlete management platform plco, announced Tuesday that it raised 3 billion won ($2.4 million) in Series A round funding...

Fabless startup Rebellions raises $50 mn in Series A

South Korea’s leading fabless startup Rebellions Inc. announced Friday it raised 62 billion won ($50 million) in Series A or the first round o...

Startup ministry taps 60 future unicorns for $240,000 assistance

The Ministry of SMEs and Startups announced Wednesday it has selected 60 promising startups to which it will provide financial assistance and expert...

Startups serving specific markets thrive: SaaS, fantech, veganism 

Vertical service providers are dominating South Korea’s venture business ecosystem, in a study of the country’s early stage startups by ...

Hyundai Motor Group to launch $80 mn startup fund

Hyundai Motor Group and the group’s social contribution foundation will create a domestic startup fund to invest a total of 100 billion won ($...

Venture capital heavyweights tighten belts after 13-year spending spree

Venture capital firms at home and abroad are tightening their belts, following growing concerns over inflation and continued interest hikes by maj...

Childcare app Piloto aims to instill healthy device use

Childcare app operator Piloto won first place at the May startup demo event hosted by D.Camp.  The startup accelerator’s parent company,...

Hanwha to boost defense, aerospace biz with $2.1 bn spending

Hanwha Group, South Korea’s chemical-to-financial conglomerate, is set to invest 37.6 trillion won ($29.8 billion) in future growth sectors su...

Humbling experience leads to VC success ⁠– LG Tech Ventures CEO

Kim Dong-su, CEO of Silicon Valley-based LG Technology Ventures said that the failures he experienced while working at a boutique investment firm ha...

Startup accelerator D.Camp generates $22 billion in value in 10 years

Since its inception in 2012, the Banks Foundation for Young Entrepreneurs has generated more than $28 trillion won ($22 billion.)The goal of the fou...

Startups race for top talent to fill CTO positions

Just a few years back, fashion startups in South Korea rarely saw the need for a Chief Technology Officer (CTO). The same was true for the so-c...

SwatchOn connects fabric wholesalers to overseas fashion designers

“We had the overseas market in mind from the get-go,” global fabric sale platform SwatchOn’s CEO Lee Woo-seok told The Korea Econo...

HR startups outwit job posting sites for IT workers

The growing trend toward personalized hiring and the rising demand for technology developers are encouraging South Korea’s human resources tec...

MBK puts home decor firm Modern House on market

MBK Partners has added South Korea's top home decor company Modern House to the list of assets it plans to exit this year, as domestic retail giants...

Startup accelerator D.Camp opens Busan office

For the first time, South Korea’s startup accelerator D.Camp has opened an office in the port city of Busan. The joint effort between D...

South Koreans turned off by luxury fashion houses’ price hikes 

A Cartier boutique inside a department store in Seoul’s posh Gangnam District was unusually slow on Tuesday. The quiet ambience was in sh...