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• Period : 21 OCT. ~ 27 OCT., 2024

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

Headline

KPMI Attracts $7.8M Investment to Boost Innovation in High-Performance Composites
Korea Precision Materials Industry (KPMI) secured $7.8M in Series A funding to accelerate innovation, expand production, and strengthen its competitiveness in ultra-light composite materials.

Korean Government News

MSS and LG Electronics Showcase Advances in AI at On-device AI Challenge Conference
MSS partnered with LG Electronics to highlight the On-device AI Challenge, promoting AI innovation among Korean startups.

Latest Funding News

Check out the latest funding news for Korean startups

Social Media-Based Booking Solution Vacatio Secures 6 Billion KRW to Go Global
Korean startup Vacatio secured 6 billion KRW in Series A funding to enhance its D2C social media-based booking solution, expand globally, and enter the Hawaiian market.

WorkersHigh Secures $2.5M to Transform Retail with AI and Data Tech
Korean retail tech startup WorkersHigh raised KRW 3.3 billion (approx. $2.5M), bringing total funding to KRW 5.5 billion. They plan to enhance their data-driven retail tech and expand into retail media.

InceraSolution Raises KRW 3.3 Billion to Lead LEO Satellite Communication Innovations
InceraSolution raises KRW 3.3 billion in pre-Series A funding to advance high-performance FSM technology for LEO satellite communications and defense systems.

VAXDIGM Secures 2M USD in Series A Funding to Accelerate Vaccine Development
Vaxdigm raises $2M to accelerate vaccine development and expand its global reach. The company aims to address critical healthcare challenges and improve global health.

Dunamu Invests in Glencoco to Revolutionize B2B Sales Hiring
Dunamu invests 2B KRW in Glencoco, a US sales platform. Glencoco connects businesses with vetted sales professionals, offering a cost-effective solution for customer acquisition.

DeepVisions Secures Pre-Series A Funding For Its Dust Measuring Solution
DeepVisions, an AI startup, raised 600M KRW to expand its AI-powered fine dust monitoring solution globally. The company aims to revolutionize air quality monitoring with its cost-effective and accurate technology.

Korean Startup Interview

Meet startups that are striving for global expansion through exclusive interviews

[Korean Startup Interview] Beyond K-Beauty: Your Choice’s Mission to Enhance Skin’s Natural Health
Your Choice is transforming K-beauty with a focus on natural, healthy skincare, developing products that support skin’s self-recovery abilities.

[Korean Startup Interview] YAHO LAB: Revolutionizing Vietnam’s In-Home Tutoring Market with AI and Tailored Services
YAHO LAB is transforming Vietnam’s education market with its AI-driven in-home tutoring service, offering personalized solutions for over 670M households.

Korean Venture Capital News

Naver D2SF Strengthens Investment in North American Startups
Naver D2SF intensifies efforts to discover and invest in North American startups, enhancing its global business strategy.

The Invention Lab Launches Open Innovation Fund 2, Selects Five Startups for Robotics Challenge
The Invention Lab invests 1.5B KRW in 5 robotics startups. These companies, including Zio Robot and Mithril, are developing innovative solutions in areas like industrial automation and medical robotics.