The Next Web

JUNE 6, 2018

Even though some people might have a hard time pointing out South Korea on a map, almost everybody knows South Korean companies like Samsung and LG — but they aren’t the only noteworthy companies in the country.

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TechCrunch

OCTOBER 7, 2021

Riiid , a South Korea-headquartered AI-powered edtech company, acquired its Japanese distribution partner Langoo to expand its Japan footprint. . million users downloaded the Riiid Tutor app in South Korea and Japan. Founded in 2014, it has approximately 210 employees globally, including South Korea, the U.S,

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TechCrunch

MARCH 30, 2023

Indeed, 900,000 farmers currently use the app in South Korea, and that figure has tripled in the past 12 months since its launch in 2021, Shin said. The problem arose when South Korea’s bond market froze in the second half of last year due to the default of the theme park Legoland.

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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

NOVEMBER 16, 2022

Two years ago, South Korea unveiled a plan to reach carbon neutrality by 2050. Though some businesses may never be truly sustainable, a venture firm in Seoul argues that emerging climate-tech startups will help big manufacturers do better overall. Getting there will be another story. Sopoong has closed on around $8 million (10.3

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The Verge

AUGUST 31, 2021

South Korea has passed a bill written to prevent major platform owners like Google and Apple from restricting app developers to built-in payment systems, The Wall Street Journal reports. If tech companies fail to comply with the new law, they could face fines of up to 3 percent of their South Korea revenue.

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TechCrunch

DECEMBER 9, 2020

Demand for contactless payments and e-commerce has grown in South Korea during the COVID-19 pandemic. It is now used by 2,200 merchants, including Nike Korea and Philip Morris Korea. million users, a small number compared with South Korea’s leading digital wallets, which include Samsung Pay, Naver Pay, Kakao Pay and Toss.

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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. . Ku also said in a prepared statement that KT would continue to invest in startups amid a tough investment environment. .

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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.

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TechCrunch

AUGUST 17, 2021

The funding proceeds from the new round will be used for further global expansion, business diversification, R&D, investment in advanced artificial intelligence and machine learning technology and recruiting team talent. Danggeun Market now claims its total registered users exceed 21 million (South Korea has a total of 20.92

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TechCrunch

FEBRUARY 6, 2022

According to the company, there is no suitable e-moped model that can meet the required demand in South Korea, no supply chain that can sell, repair or resell and no charging stations that offer services to potential e-mopeds users. . Swing has more than 100 employees in South Korea and four people in Japan. .

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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

OCTOBER 5, 2022

In South Korea, there are about 7.3 To help meet SMEs’ financial needs in the country, Seoul-based fintech startup Korea Credit Data (KCD) said Thursday that it has raised $24.7 It enables small business owners to connect with other entrepreneurs in their communities looking to scale their businesses.

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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. The latest funding, which brings its total raised to $42 million, was led by Greenoaks , with participation from DST Global Partners. .

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TechCrunch

AUGUST 22, 2022

Socar’s debut comes amid a sluggish period in the IPO market in South Korea that has prompted a series of Korean companies to delay their listing plans. Socar, the first and only unicorn mobility startup in South Korea, aims to become the first listed profitable unicorn company, Park noted. million users and 1.4

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The Verge

AUGUST 11, 2020

The collapse of Uber and Lyft’s ride-hailing business in the US seems to presage some of the difficulty autonomous vehicle developers will face convincing passengers to ride in their cars. South Korea reportedly plans to spend 1.7 But Iagnemma sees it differently. Hyundai along with Kia Motors will collectively contribute $1.6

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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. These are Rocket Fresh, its fresh grocery delivery business, and Coupang Eats, similar to Uber Eats.

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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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The Verge

FEBRUARY 12, 2021

Nvidia has pledged that it won’t use its control over the company to change how it interacts with other businesses. Qualcomm has had to pay several fines in the hundreds of millions and sometimes billions of dollars to authorities in China , South Korea , and the EU for anti-competitive licensing policies.

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Google South Korea Report License 141

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. billion won ($3.3

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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

MAY 10, 2022

“With this funding, we hope to recruit more staff for the AI, sensor fusion and navigation business and accelerate our global market penetration plan.” “Our mission is to be an AI platform that ensures the safety and environmental protection of the ocean,” said Park. Image Credits: Seadronix.

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Candid

JULY 17, 2024

For 20 years, the global communications firm Edelman has studied the influence of trust across government, media, business, and nongovernmental organizations (NGOs). Respondents in six wealthier nations—the Netherlands, South Korea, the United Kingdom, Sweden, Germany, and Japan—fewer than half of respondents trusted NGOs.

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TechCrunch

SEPTEMBER 28, 2022

Both companies plan to launch Studio A in South Korea and produce immersive VR concerts. “We’re also preparing to produce virtual concerts with SM Entertainment artists and expand to other K-pop companies in South Korea,” Lee said. million.

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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 In early June, only three Korean P2P lenders out of 41 applicants were granted licenses from the FSC to operate the business legally: PeopleFund, Lendit and 8 Percent. million (75.9

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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. Dable announced today that it has raised a $12 million Series C at a valuation of $90 million, led by South Korean venture capital firm SV Investment. The Series C brings Dable’s total funding so far to $20.5

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TechCrunch

JANUARY 6, 2022

Park also said SOCAR would replace a fleet of its vehicles with zero-emission, including electric or hydrogen-powered cars, by 2030 and strengthen its autonomous cars business. . The company already completed two acquisitions last month – South Korean online parking platform Modu Company and electric bike rental platform Elecle.

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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

JANUARY 31, 2023

To get there, they will need to find clever ways to decarbonize especially dirty businesses, including the buildings sector. South Korea is also taking measures to reduce emissions in the building sector by retrofitting buildings and strengthening ZEB requirements for new buildings through 2030. Likewise, the U.S.

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TechCrunch

MAY 8, 2022

South Korean startup Bucketplace , which operates a home decorating and interior app OHouse, is looking to continue capitalizing on that trend with its most recent $182 million Series D round, the startup’s co-founder and CEO Jay Lee said on Monday in an interview with TechCrunch. Lee told TechCrunch. billion ( 2 trillion KRW).

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The Verge

JANUARY 10, 2021

“Transparent OLED is a technology that maximizes the advantages of OLED and can be used in various places in our daily lives, from stores, shopping malls, and architectural interiors to autonomous vehicles, subway trains, and aircraft,” Jong-sun Park, LG Display’s senior vice president and head of commercial business, said in a statement. “It

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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

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

JUNE 9, 2021

Ringle created a niche for itself by focusing on adults first, with courses like business English and interview preparation. The South Korea-based startup announced today it has raised an $18 million Series A led by returning investor Must Asset Management, at a valuation of $90 million.

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TechCrunch

OCTOBER 26, 2020

It has since expanded into other businesses, including offline venue operation. In addition to its core esports tournament and content production business, VSPN has branded esports venues in Chengdu, Xi’an and Shanghai. SPACE in Seoul, South Korea. In May, VSPN launched its first overseas venue, V.

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TechCrunch

MARCH 23, 2022

Dongnae , a South Korea-based startup that helps tenants find premium apartment rentals, has closed $16.4 Shampine noticed residential real estate was big in South Korea but also knew he didn’t know enough, especially about the local proptech space, he said. million to digitize real estate in South Korea.

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TechCrunch

JUNE 22, 2021

Merchants can use Toss Payments to send and receive online payments and manage their business finances. Lee said more than 20% of bank accounts and credit cards in South Korea are already registered on Toss. Other features include budgeting tools, bill payments, a credit score tracker and insurance plans.

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