• Stay informed about the latest news in the Korean startup ecosystem every monday.
• Click here for daily startup news in Korean
• Period : August 12nd – August 18th, 2024

Headline

Rebellions and SKT Join Forces to Lead the Global AI Semiconductor Market
Rebellions and SK Telecom will merge with Sapeon Korea, aiming to strengthen South Korea’s AI semiconductor presence in the global market.

Korean Government News

Global Startup Festival ‘Try Everything 2024’ in Seoul: Featuring Lila Ibrahim of Google DeepMind
Seoul’s “Try Everything 2024” event, held Sept 11-12, features global startups, tech leaders, and investors. Keynote by Google DeepMind’s Lila Ibrahim.

Latest Funding News

Check out the latest funding news for Korean startups

Korean Platform iTRUCK Raises KRW 8 Billion, Partners with Hankook & Company
Korean-based iTRUCK raised KRW 8 billion (USD 6 million) for its innovative used truck platform, focusing on AI-driven growth and collaboration with Hankook & Company.

MyRealTrip Invests 3 Billion KRW in Creatrip to Strengthen Global Travel Platform
MyRealTrip invested 3 billion KRW(2.2 Million USD) in Creatrip to enhance its global platform, combining expertise to offer diverse travel experiences, focusing on K-beauty and medical tourism.

Market Stadium Secures KRW 1.5 Billion to Revolutionize U.S. Real Estate Analysis Platform
Korean startup Market Stadium secured $1.2 million in pre-Series A funding to enhance U.S. real estate investment analysis with unique data tools and broad industry partnerships.

Draftype Secures Pre-Series A Funding to Revolutionize AI-Driven Branding
Draftype, an AI-driven platform for brand model creation and content production, secured pre-Series A funding. With over 3,500 brands using the service, it aims to expand features and enter the Asian market by 2025.

Nudge Healthcare Invests in FastForward to Combine Fintech and Health Data Services
Nudge Healthcare invests in FastForward to integrate finance and health data services, aiming to enhance its CashWalk app and lead in the emerging healthcare MyData market.

OPN Secures Pre-Series A Funding to Enhance Medical Real Estate Service ‘OpenDoctor’
OPN, the Korean startup operating ‘OpenDoctor,’ secured pre-Series A funding to enhance its data-driven medical real estate services, providing specialized brokerage and commercial area insights for clinics.

Advance Settlement Innovator DailyPay Lands Seed Investment from Primer for Growth
DailyPay, a Korean company offering advanced settlement services for SMEs, received seed funding from Primer. The investment will enhance their credit analysis and sales receivable services.

Emerging Jewelry Brand HIDDEN NEWS Attracts Seed Investment for U.S. Expansion
HIDDEN NEWS, a global jewelry business based in New York, has secured seed investments to pioneer U.S. market trends, collaborating with over 150 designer brands worldwide.

Pawdlers Raises Seed Funding to Revolutionize the Pet Grooming Industry
Pawdlers, a fast-growing pet grooming CRM platform, received seed funding to expand its services, aiming to become a super app for pet care.

‘ORBICLE BIO’ Secures Pre-Seed Funding to Lead Asia’s Microbial Fertilizer Market
ORBICLE BIO, a Korean climate tech startup, secured pre-seed funding from 500 Global to develop microbial fertilizers for sustainable rice farming in Southeast Asia, targeting Vietnam and Thailand.

Korean Startup Interview

Meet startups that are striving for global expansion through exclusive interviews

[Korean Startup Interview] REPLA: Transforming Plastic Recycling with Microbial Innovation
REPLA uses a unique microorganism-based technology to purify PP plastics, boosting recycling efficiency and helping the environment by reducing plastic waste.

[Korean Startup Interview] Mediark: Revolutionizing Patient Diagnosis and Doctor Efficiency with AI-Based Medical Interview System
Mediark, a Korean medical startup, improves patient-doctor communication with AI-based medical interview services, reducing consultation time and language barriers, enhancing diagnosis accuracy. 

[Korean Startup Interview] How HOYA LAB is Tackling Gene Therapy’s Toughest Problem with AI
By integrating AI and biotech, HOYA LAB focuses on reducing off-target effects in gene therapy, aiming to streamline and lower the costs of drug development.

Korean Venture Capital News

Others

WOW Partners Successfully Hosts ‘4th WOW IR Day’, Connecting Startups and Investors
WOW Partners held the ‘4th WOW IR Day’ in Seoul, showcasing five innovative startups to investors, with pitching, Q&A, and networking sessions. Recently, they achieved official accelerator status.