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...

Entertainment shares shine as BTS, Twice return to stage

South Korean entertainment stocks rallied as K-pop stars such as BTS and Twice return to the stage amid global economic reopening with growing hopes...

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...

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...

Shares of cement makers firm up despite higher coal prices

Shares in South Korean cement suppliers have performed well in a rangebound market, despite soaring prices of bituminous coal, their raw material.Co...

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...

Translink and Banks Foundation form $10 mn fund for S.Korean startups

South Korea’s venture capital firm Translink Investment and non-profit organization Banks Foundation for Young Entrepreneurs agreed to launch ...

Edtech startup Riiid joins Fast Company's list of most innovative firms

South Korea’s AI education startup Riiid has made it onto Fast Company's annual list of the World’s Most Innovative Companies. Since 20...

AI startup InterMinds builds Smart Stores with conglomerates

Convenience stores are hotbeds for South Korean IT companies to test their artificial intelligence (AI) technology.That is because the establishment...

Korea’s Voronoi in talks with global firms on drug designs

South Korea’s biotechnology startup Voronoi Inc. is in talks with global biomedical companies on drug designs as it aims to expand the busines...

Ridi becomes first Korean content platform unicorn

Ridi Corp., often referred to as South Korea's Kindle, has received funding of 120 billion won ($100 million) from Singapore's GIC and three domesti...

S.Korea to support firms to offset damage of Ukraine crisis

South Korea is set to provide financial support of up to $1.7 billion to exporters in a move to minimize the impact of the escalating crisis in Ukra...

Chicken startup shakes up crowded market with robotic arms

Preparing fried chicken requires a simple, but laborious process: Placing pieces of chicken on dough and frying powder; putting them into an iron ba...

Live commerce platforms like Grip to keep growing in Asia Pacific: Google

In April 2021, there were some 200 unicorns in the Asia Pacific region, second only to the United States which had 290 startups each valued at $1 bi...

Korean drone manufacturer aims for 2023 Kosdaq IPO

South Korea's commercial drone manufacturer Nearthlab plans to apply for an initial public offering this year to get listed on the junior Kosdaq mar...

Korean biotech startup signs license deal with US firm

South Korea's biotech startup Novelty Nobility Inc. has signed a global license agreement for its antibody treatment candidate with a US biopharmace...

KAIST Holdings to open US offices with $8.4 bn value in mind

The Korea Advanced Institute of Science and Technology (KAIST) on Tuesday announced the blueprint to strengthen its foothold in the United States an...

VR star signs with K-pop label YG Entertainment

South Korean game developer and publisher Smilegate announced Monday that its virtual human signed an exclusive contract with an affiliate of global...