TechCrunch

DECEMBER 9, 2020

Demand for contactless payments and e-commerce has grown in South Korea during the COVID-19 pandemic. This is good news for payment service operators, but the market is very fragmented, so adding payment options is a time-consuming process for many merchants. ”

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TechCrunch

JULY 18, 2022

Gbike , a South Korea-based micromobility Gcooter operator, is acquiring Hyundai Motor’s shared micromobility sharing platform ZET as it wants to increase its market share and create technological synergies via ZET’s fleet management system. . The financial terms of the deal were not disclosed. .

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TechCrunch

JULY 5, 2022

South Korean AI chip developer Rebellions has raised a $22.8 million (30 billion KRW) extension to its Series A financing from a strategic investor KT , one of the largest telecom companies in South Korea. . The global AI chip market is projected to reach $194.9 billion by 2030, up from $8.02

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TechCrunch

SEPTEMBER 6, 2021

The South Korea and Japan-based startup automates front and backend processes including accommodation reservation, room management and front desk duties, and it will be using the funds to continue expanding its business. SevenRooms raises $50M to double down on reservations, ordering and other tools for hospitality businesses.

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TechCrunch

FEBRUARY 6, 2022

Founder and chief executive officer of Swing San Kim told TechCrunch that the startup will use the proceeds to increase its fleet of micromobility and further penetrate the Japanese market. Swing aims to take the market. No one doubted the market potential. Swing currently has more than 50 franchise partners, Kim said. . “No

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TechCrunch

SEPTEMBER 21, 2021

Business Canvas , the South Korean document management SaaS company behind Typed, announced today it has raised a $2.5 As for B2B, we are currently in the process of proof-of-concept for one of the largest conglomerates in South Korea. The global market size for social software and collaboration SaaS is estimated at $4.5

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TechCrunch

MARCH 10, 2021

Founded in 2010, Coupang is sometimes described as the Amazon of South Korea, but for years it has managed the impressive feat of achieving an even higher dollar retention rate than Amazon, according to a report by Goodwater Capital. In 2020, it increased its market share to 24.6%, up from 18.1% Coupang market share.

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TechCrunch

DECEMBER 19, 2022

Viva Republica, an operator of South Korean finance super app Toss , has finalized a $405 million Series G funding and it says it is now valued at 9.1 South Korea’s currency has depreciated against the dollar this year.). South Korea’s BNPL Gross Merchandise Value (GMV) is projected to grow by about $36.6

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TechCrunch

JANUARY 17, 2022

South Korea-based human resources management platform flex announced today it has closed a $32 million Series B round at a valuation of $298 million. However, flex plans to expand the addressable market by targeting new industries in the SMB space this year. The startup has primarily been serving SMBs in the IT sector.

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TechCrunch

MAY 10, 2022

Seadronix will use the capital to grow its team beyond the current headcount of 30 employees and enter global markets, including Singapore and Europe, where its “smart ports” are located, Byeolteo Park, CEO and co-founder, said in an interview with TechCrunch. Image Credits: Seadronix.

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TechCrunch

NOVEMBER 2, 2022

In addition, participating startups get co-working space, will attend weekly classes and have access to four to six mentors who have expertise in various industries, not just in South Korea but global regions. . He added that its partners and mentors are all former entrepreneurs and have global business experience in both the U.S.

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TechCrunch

DECEMBER 1, 2021

South Korea-based peer-to-peer (P2P) lending platform PeopleFund announced today it has closed a $63.4 “Our mission is to grow into the #1 player in the Korean non-bank lending market to provide better loan options for average Koreans that the banks underserve.” million (75.9 While leading online lenders in the U.S.

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TechCrunch

JANUARY 12, 2021

Launched in South Korea five years ago, content discovery platform Dable now serves a total of six markets in Asia. Now it plans to speed up the pace of its expansion, with six new markets in the region planned for this year, before entering European countries and the United States.

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TechCrunch

NOVEMBER 21, 2022

Mom-and-pop stores and franchises — mostly offline — account for about 95% of the laundry market in South Korea, according to Laundrygo CEO Sung-woo Cho. But his South Korea–headquartered startup aims to digitize the laundry industry in the country. Laundrygo also has plans to expand geographically.

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Socialbrite

AUGUST 4, 2020

W ith the onset of the coronavirus pandemic, nonprofits and social enterprises have had to rethink their marketing strategies. In this post, we will share some principles that you can incorporate into your social media marketing strategy to keep your user base intact. Social media marketing during COVID-19. Post by Alma Causey.

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TechNode

JANUARY 16, 2025

Xiaomi on Wednesday announced its entry into the South Korean market at its first Seoul press conference. The Chinese phone maker detailed its business development plans, including the rollout of five product categoriessmartphones, TVs, wearables, power banks, and robotic vacuum cleanersbetween now and early February.

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TechCrunch

NOVEMBER 14, 2021

The commercial real estate brokerage market in South Korea is fragmented, which makes finding a new office for tenants a challenge due to inaccurate listing information, high brokerage fee and complex paperwork. Rsquare has handled more than 10,000 office brokerage transactions with over 21,000 clients in South Korea.

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TechCrunch

MAY 8, 2022

With the home now a place for work, school and leisure all at once, the DIY home improvement market has grown so significantly that globally, it’s expected to reach $514.9 Its business model is similar to Houzz , which also have a slew of online showrooms. billion by 2028-end , up from $333.7 billion in 2021. Lee told TechCrunch.

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TechCrunch

JUNE 22, 2021

It will also use the funding to continue its expansion in overseas markets, including Vietnam, where Toss launched last year. Payment service Toss becomes Korea’s newest unicorn after raising $80M. Merchants can use Toss Payments to send and receive online payments and manage their business finances. million users.

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South Korea Vietnam Raise Develop 100

TechCrunch

APRIL 7, 2022

Peeba says the lack of B2B-focused online wholesale solutions and tech infrastructure hampered Asia’s antiquated B2B retail, wholesale market in business growth and new market entries during the pandemic. The platform brings both emerging and traditional brands to the world of local retail in Asia.

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TechCrunch

OCTOBER 26, 2020

Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports “total solutions provider” VSPN (Versus Programming Network) has raised what it describes as “close to” $100 million in a Series B funding round, led by Tencent Holdings. SPACE in Seoul, South Korea.

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TechCrunch

MAY 29, 2022

Jarkata-based Astro, which provides 15-minute grocery delivery, has recently closed a $60 million Series B financing round, lifting its total funding to $90 million since the business launched just nine months ago. by 2022, compared to China’s 6% and South Korea’s 34% in 2020. ”

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TechCrunch

OCTOBER 28, 2020

Thuan Pham, who stepped down as Uber’s chief technology officer and longest-serving top executive in May, has a new job in South Korea. Coupang , the country’s largest e-commerce company by market share, announced today it has hired Pham as its new CTO. For Pham, joining Coupang, a SoftBank-backed unicorn that holds a 24.6%

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TechCrunch

AUGUST 29, 2021

million in 2017 and its first Series B round in April 2020, from backers that included South Korea-based Shinsegae Information & Communication, Woomi Construction, SL Investment, KDB Capital, Shinhan Capital, Enlight Ventures, CKD Venture Capital, and Breeze Investment, Ha said. Existing investors did not join this round.

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TechCrunch

SEPTEMBER 18, 2022

Even if you’ve had a busy week, a quick skim of WiR should keep you in the (tech) loop. ” Alex looks at the current state of the early-stage startup market : “Call it the glass half-full/glass half-empty seed market,” he writes. Hello, friends! Want it in your inbox every Saturday? Sign up here.

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TechCrunch

MAY 11, 2022

Zeals , a Tokyo-based startup that lets businesses communicate with their customers via its chat application, said Thursday it has secured $27.2 The coronavirus pandemic has fueled messaging apps to be the medium for personal, business or commerce to interact with each other. million (3.5 billion yen) in equity and $11.6 million (1.5

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TechCrunch

MARCH 28, 2023

The goal is part of an ambitious plan that the Seoul-based startup has laid out to boost its business after pivoting no less than five times since it was founded six years ago, but also most recently closing out a Series A of $26 million. billion market by 2028, up from a mere $0.4 Most of its customers are in B2B.

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TechNode

MARCH 18, 2024

Alibaba is planning to invest over $1 billion in South Korea in the next three years according to the countrys news outlet Yonhap, in a quest to tap market potential. Yonhap, in Chinese ]

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TechCrunch

SEPTEMBER 27, 2021

Hanwha Solutions of South Korea led the funding round and was joined by existing investors SOSV’s IndieBio, TechU Ventures, ff VC and Siddhi Capital. He expects to be able to go to market in 2022, pending approval from the U.S. He also sees demand for products coming from markets that eat a lot of pork, like Asia.

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TechCrunch

MAY 2, 2022

Augmented reality (AR) can help customers shopping online preview products before making a purchase, and is a growing area of investment for e-commerce businesses. According to a recent survey of 16,000 Snapchat users in 16 markets, 92% of Gen Zers want to use AR and VR for online shopping.

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TechCrunch

JANUARY 4, 2023

Kurly , a South Korean startup that provides next-day grocery delivery service, just announced that it has called off its plan to go public amid worsening economic situations that have put startups’ market debuts on hold. “We have enough cash to carry out the new business we were planning.”

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TechCrunch

MARCH 4, 2022

Volocopter , the startup out of southern Germany (Bruchsal) that has been developing electric VTOL (vertical take-off and landing) aircraft and a business model for operating them in taxi-style fleets in urban areas, has picked up another big round of funding as it inches closer to its first commercial launches. It has raised $579 million?

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TechCrunch

APRIL 28, 2022

Hwang said that its business model is similar to Outschool, the San Francisco-based after-school marketplace for children. Before the COVID-19 pandemic, Glorang pivoted its main business, the online class platform, and launched Gguge in 2020, Hwang said. The company claims Gguge has more than 100,000 users in South Korea. .

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TechCrunch

OCTOBER 29, 2021

Kurly , a South Korea-based online grocery startup that provides next-day delivery services across the country, will go public by June next year. . The startup, which declined to comment on how much it plans to raise via IPO, said it estimates the company valuation at approximately $5.9 billion after it goes public. .

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TechCrunch

MARCH 21, 2023

Kakao Mobility currently offers limited services in about 30 markets outside of South Korea: most recently, it launched in Guam last year and Laos earlier this year. million from SoftBank , Grab , AmEx and others, per PitchBook data — Splyt stopped providing updates about its business in July 2022. billion.

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TechCrunch

AUGUST 25, 2022

Augmented reality headsets have been around for years, but none of the market players has really expanded beyond the techy demographic and broken into the mainstream. The fresh capital will enable Nreal to accelerate its global expansion and double down on the company’s consumer business in the U.S., the company said.

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TechCrunch

JULY 19, 2021

The round was led by South Korea-based Dattoz Partners, which will also take a seat on Kdan Mobile, and included participation from WI Harper Group, Taiwania Capital and Golden Asia Fund Mitsubishi UFJ Capital. and Asia markets.”. 5 emerging use cases for productivity infrastructure in 2021.

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