• Stay informed about the latest news in the Korean startup ecosystem every monday.
• 한국어 스타트업뉴스는 여기를 참고하세요.(Click here for daily startup news in Korean)
• Period : July 15th – July 21st, 2024

Headline

Aerodynamic Tech Startup ‘ADRO’ Secures 5.4 Billion KRW in Series A Funding
Korean startup ADRO secured 5.4 billion KRW in Series A funding to expand its electric vehicle aerodynamic body kits and develop an optimization SaaS platform.

Korean Government News

KISED and Thales Group Forge Strategic Collaboration to Boost Korean Startups
KISED and Thales signed an agreement to boost Korean aerospace, aviation, and deep tech startups’ competitiveness and support their expansion into global markets.

Korea’s MSS Partners with TÜV Rheinland to Boost SMEs’ Entry into EU AI Medical Market
Korea’s MSS signed a deal with TÜV Rheinland in Germany to help Korean SMEs enter the European AI medical device market, enhancing certification and collaboration.

Latest Funding News

Check out the latest funding news for Korean startups

Scalar Data Secures 3 billion KRW in Series A Funding to Enhance EV Charging Solutions
Korean startup Scalar Data secured 3 billion KRW in Series A funding to enhance its ‘EV MODU’ service, boosting EV charging infrastructure and dynamic pricing AI solutions.

SeaVantage Secures $2.4M Investment from HD Hyundai Marine
SeaVantage received 3 billion KRW ($2.4M) from HD Hyundai Marine to boost their AI and big data maritime tracking platform.

AllBigDat Secures Pre-Series A Funding for Enhancing AI Intelligent Document Processing Solution
AllBigDat, a Korean startup, secured pre-Series A funding from New Paradigm for DATALUX, an AI document processing solution, aiming to expand globally, starting with Japan.

ELLECT Secures Pre-Series A Funding to Electrify Construction Machinery
ELLECT, specializing in electrifying construction machinery, raised pre-Series A funds. Their ECO Cube transforms excavators to electric, slashing carbon emissions and fuel costs.

K-VISA Secures Pre-Series A Investment from MYSC to Enhance Foreign Visa Platform Services
K-VISA secures a pre-series A to enhance foreign visa services, tackle administrative issues and illegal brokers, and expand its market reach by linking visa services with financial platforms.

Korea’s GroupBy HR Raises Pre-Series A Funding for Automated Recruitment Solutions
Korea’s GroupBy HR, operator of the GroupBy platform, raised pre-Series A funding to enhance and automate outbound recruitment.

Maetel Secures 350M KRW Seed Investment for Global B2B SNS Marketing Solutions
Maetel secures 350M KRW seed investment to enhance its AI-driven B2B SNS marketing solutions, aiming to support global expansion and customer acquisition for domestic companies.

TAV Silicon Secures Seed Funding for Revolutionary Fully Digital Class D Amplifier
TAV Silicon, a Korean startup specializing in audio tech, secures seed funding to launch a groundbreaking fully digital Class D audio amplifier chip with advanced feedback technology.

Korean Startup Interview

Meet startups that are striving for global expansion through exclusive interviews

[Korean Startup Interview] Omnicoat’s Dry Laser Printing Revolutionizes Color-Coated Steel and Battery Electrode Technology
Omnicoat’s dry laser printing technology, initially for metal and glass, holds promise for expansion into the battery industry, amplifying aesthetic appeal and functionality in construction and electronics.

[Korean Startup Interview] C&TUYOUNG’s Cutting-Edge Slitting Technology: Innovating Carbon Fiber Industry
Korean startup C&TUYOUNG makes carbon fiber more affordable by slitting 12K fiber into 3K and 6K, enhancing its application in electric vehicles, robotics, and more.

Others

‘Autonomous A2Z’ and Bayanat to Establish ‘A2D’, JV for Level 4 Autonomous Vehicles in UAE
Autonomous A2Z and Bayanat are forming A2D, a joint venture to commercialize Level 4 autonomous vehicles in the MENA region, aiming to align with UAE’s 2030 mobility goals.