Online education startup Day 1 Co. completes $28 mn Series D funding

Education content provider Day 1 Company announced Thursday it has completed a Series D funding worth 35 billion won ($28 million.)A number of ventu...

Korea’s tough IPO review drives bio startup to Nasdaq

A South Korean bio startup is aiming for a Nasdaq listing, deeming that the country’s exchange sets the bar too high for an initial public off...

Top-ranking S.Korean universities become hotbeds for promising startups

South Korean universities have become hotbeds for promising startups. Leading the trend are two of the country's best-known higher education ...

KDB resumes global venture IR event in Singapore

South Korea’s state-run Korea Development Bank (KDB) said on Thursday that KDB NextRound, the bank’s venture investment platform, will h...

Boryung takes 'health is wealth' to whole new level – space

South Korean biotech and pharmaceutical companies are expanding their footholds in the global space medicine market. Boryung, formerly Boryung Pharm...

Hyundai Motor expands partnership with quantum computing firm IonQ

IonQ and Hyundai Motor Co. announced a new project on Wednesday designed to apply quantum machine learning to image classification and 3D object det...

US and German startups funded by Mirae Asset join ranks of unicorns

Mirae Asset Venture Investment Co. is forecast to rake in more than 400 billion won ($325 million) for its investment in Moloco Inc. Mirae As...

S.Korea’s luxury e-commerce startups poised to become unicorns

South Korea’s e-commerce startups are enjoying massive hikes in their valuations on the back of robust online spending by millennials and memb...

Kakao's game unit behind Odin valued at $2.7 bn before IPO

Lionheart Studio Corp., the firm behind South Korea’s popular mobile game Odin, is preparing to go public as early as this year, with its ente...

Creator tech startup Awake Corp. attracts over $892,000 in seed funding 

Awake Corp., a startup that operates platforms to assist online creators, recently attracted 1.1 billion won ($892,473) in seed capital. The total a...

Hahn & Co. buys Korean food startup in bolt-on deal

Seoul-based private equity firm Hahn & Co. has acquired a South Korean meal kit provider for 75 billion won ($61 million), a deal expected to bo...

Startups need to embrace ESG, industry insiders say

Environmental initiatives such as RE100 and high Environmental, Social, and Governance (ESG) standards are not just for conglomerates anymore, accor...

Morgan Stanley PE closes first Korean buyout in 8 yrs

Morgan Stanley Private Equity has acquired a South Korean dietary supplements maker Life & Bio Co., in its first Korean buyout deal in eight yea...

Venture capitalists in S.Korea enjoy record salaries in 2021

South Korea’s venture capitalists put record high investments into startups last year. Thanks to positive returns on investments, a number o...

SaaS provider Clika wants to lead S. Korea's MLOps market

The wider adoption of artificial intelligence around the globe calls for more data in the form of high quality photos, videos, and text. With t...

Kurly applies for Korea IPO to raise about $800 mn

South Korea's Kurly Inc. on Monday applied for a preliminary review of its initial public offering, the Korea Exchange said, as the operator of groc...

Art investment platform operator Yeolmae Co. raises $14 mn in Series B

South Korean startup Yeolmae Company announced Monday it received 17 billion won ($14 million) worth of funds through its Series B round. With the l...

Naver Z invests in multiple metaverse-related startups to beef up Zepeto

Naver Z Corp. invested in more than eight companies so far this year, according to people familiar with the deals. Naver Z is the operator of Asia...

Star-studded vision AI startup SNUAI requires less data and time

“The first joint venture with the Seoul National University seal of approval” is how artificial intelligence startup SNUAI Lab Co. des...

LG Elec. targets North American digital healthcare market

South Korea’s LG Electronics Inc. has made inroads into the North American digital healthcare market with US telehealth company Amwell as the ...

Acqui-hire practices increase in S.Korea’s startup ecosystem

Jobis & Villains, the operator of artificial intelligence-powered accounting platform 3.3, announced that it recently acquired video messenger s...

AI startup Twelve Labs secures $5 million in seed round

South Korean startup Twelve Labs announced Sunday it secured $5 million in a seed round from Index Ventures.On its website, the venture capital firm...

Goldman exits Korean beauty startup without profit

Goldman Sachs has divested of its stake worth 75 billion won ($62 million) in South Korea's cosmetics startup GP Club Co. without a profit due to de...

Korean IPOs delayed after bourse's sweeping reshuffle

Scores of South Korean initial public offerings slated for the first half of this year have been delayed after the bourse operator carried out a lar...

Private equity consortium buys 30% stake in biotech firm Medipost 

South Korea’s first generation biotech firm Medipost Co. will sell a 30% stake to a private equity consortium, the company announced after W...

Biotech startup Voronoi withdraws IPO plans

South Korea’s biotechnology startup Voronoi Inc. scrapped its plan to go public this month. The new drug developer announced Wednesday it...

Service robot maker Bear Robotics raises $81 mn in Series B

South Korea’s robotics startup Bear Robotics Inc. announced Wednesday it raised $81 million in Series B funding from venture capital heavywe...

LIG Nex1, Eugene plan $80.5 mn fund for Korea defense startups

LIG Nex1 Co., South Korea’s major defense exporter, plans to set up a $80.5 million venture investment fund with Eugene Investment & Secur...

Nine out of 10 VC heads in S.Korea say startups overvalued: Survey

Heads of South Korea’s leading venture capital firms say domestic startups have entered a phase of overvaluation. The Korea Economic Dail...

Visual effects startup VA Corp joins ranks of unicorns

Visual effects production startup VA Corporation announced Monday it received 100 billion won ($80.4 million) from private equity fund Paratus Inv...