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Catch up on last week’s top stories from the startup ecosystem in the Korean Startup Weekly News.

Headline

Makestar Raises ₩30B in SeriesD Funding to Fuel Global K-Pop Platform Expansion
Makestar secures ₩30B in Series D funding, expanding its global K-pop platform while investing in AI and ICT to lead K-culture innovation worldwide.

September 2024: Major Investments Fuel Growth in South Korea’s Startup Ecosystem
September 2024 witnessed record investments in South Korean startups, with significant funding rounds driving technological advancements and global expansion efforts.

Korean Government News

MSS and Leading Partners Join Forces to Propel K-Beauty SMEs onto the Global Stage
K-Beauty 100-UP Project launched by MSS with major partners to discover promising SMEs and drive cosmetics export growth to over $10 billion by 2027.

Latest Funding News

Check out the latest funding news for Korean startups

AI Search Startup Liner Raises $20M to Expand Its Global Reach
Liner, a Korean AI search startup, raises KRW 27B (USD 20M) in Series B2 funding, aiming to dominate the global AI search market and expand its U.S. presence.

Class 101 Transforms into a Full-Fledged Creator Platform with New Funding
Class 101 raises KRW 15 billion in a new round led by Goodwater Capital, focusing on creator engagement with its upcoming ‘Creator Home’ platform and brand growth.

VESSL AI Raises $12M to Drive Next-Gen AI Operations and Accelerate Global Expansion
VESSL AI raises $12M in Series A funding to enhance LLMOps capabilities, expand into the U.S. market, and strengthen its global AI infrastructure presence.

VoyagerX Raises $12M Investment for AI Growth and Global Reach
AI startup VoyagerX secures KRW 16.5B ($12.3M) to boost AI innovations, grow its workforce, and expand into Japanese and U.S. markets with new services.

GraphAI’s Vector Database Technology Gets Boost from $2.3M Investment
GraphAI, a Korean AI company, raised $2.3 million in pre-Series A funding. Their GraphOn product offers high-performance database management. GraphAI aims to become a global leader in vector database technology.

Korean Startup UROCK Raises KRW 1.5 Billion to Expand AI-Enhanced Forensics Tech
UROCK, a Korean digital forensics startup, raises KRW 1.5 billion from East Gate Partners to advance AI-driven solutions and expand its global market reach.

BLANK Raises Pre-Series A to Transform Vacant Properties into Shared Housing
BLANK, focused on turning vacant homes into shared housing in South Korea, has received pre-Series A funding. The startup is addressing population decline by collaborating with local governments and offering tech-driven rental solutions.

Returnall Raises $750K to Streamline E-commerce Returns and Reduce Waste
Returnall, an e-commerce return solution, raised 1 billion KRW (750,000 USD). Investors include ETRI Holdings and Daejeon CCEI. Returnall uses technology to reduce waste and increase efficiency in e-commerce returns.

Korean Startup Interview

Meet startups that are striving for global expansion through exclusive interviews

[Korean Startup Interview] MAI Derma’s Cutting-Edge Skincare Tech: The Power of Painless Microneedles
Specializing in painless microneedles, MAI Derma has developed a groundbreaking transdermal delivery system that ensures effective absorption of active ingredients, aiming to lead the global anti-aging market.

[Korean Startup Interview] AETECH’s AI-Powered Robots: Transforming the Global Recycling Industry
AETECH is leading waste management with its AI robot, Atron, enhancing efficiency and accuracy in recycling through automated sorting technology.

Others

Korean Startups Showcase Cutting-Edge Tech at GITEX 2024, Backed by GCCEI
GCCEI is helping its startups showcase innovative technologies at 2024 GITEX in Dubai. Five startups have advanced to the Supernova Challenge semifinals.