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

Headline

Soombit.AI Nets $3.6 Million to Enhance AI-Powered Radiology
Soombit.AI, founded by ex-Kakao Brain healthcare leaders, receives USD 3.6M investment for AI-powered medical imaging solutions, merging with KARA-CXR to enhance radiology services.

Korean Government News

South Korea Introduces Startup Korea Special Visa to Attract Global Entrepreneurs
With the new Startup Korea Special Visa, South Korea aims to attract innovative entrepreneurs and strengthen its position in the global market.

BIBAN 2024: A Gateway for Korean Startups into the Middle Eastern Market
MSS supports 24 K-startups at BIBAN 2024, aiming to penetrate the Middle Eastern market with innovative solutions.

Latest Funding News

Check out the latest funding news for Korean startups

Kihya Raises $1.1M Series A Funding for Smart Alcohol Ordering Platform
Kihya, a Korean startup specializing in smart alcohol ordering, has raised $1.1 million in Series A funding to enhance its platform and expand its presence in the alcohol e-commerce market.

METAFACTORY Gains Funding to Revolutionize Spaces with AI-Driven XR Experiences
South Korean startup Metafactory, specializing in XR and AI-driven spatial content, raised over KRW 1.3 billion in funding to expand digital experiences in spaces through collaborations across industries.

The Onion Secures Pre-Series A Investment for Agricultural Direct Trade Platform
Agricultural startup The Onion receives investment from New Paradigm Investment to revolutionize farm-to-consumer distribution, targeting USD 67.5M in transactions within 5 years.

NEWEYE’s ‘TAXAI’ Secures Investment, Revolutionizing Real Estate Tax Filing
NEWEYE, a Korean tax solution company, secured additional funding to expand ‘TAXAI,’ its AI-powered tool that estimates real estate tax refunds, highlighting the company’s technology and growth potential.

MeTown Secures Funding for AI-Driven ‘EVOVA 3D Showroom’ to Transform E-Commerce
MeTown, a Korean tech startup, received seed funding to advance its AI-driven ‘EVOVA 3D Showroom,’ offering e-commerce platforms cost-effective, high-quality 3D product digitization.

Leaflyze Secures Seed Funding to Revolutionize Sewing with AI Automation
Leaflyze, an AI sewing startup, secures seed funding to automate plush toy production, reducing time and labor costs.

YCOMMA’s ‘drrip’ Raises Seed Investment for MZ Generation Fashion Platform
YCOMMA, a Korean fashion startup, raised seed funding. Its platform, “drrip,” offers discounted fashion items. The company aims to create a sustainable fashion ecosystem.

Korean Startup Interview

Meet startups that are striving for global expansion through exclusive interviews

[Korean Startup Interview] TIM Robotics Innovates with SLAM Technology to Transform Brownfield Sites
TIM Robotics develops SLAM technology for autonomous robots & forklifts, enabling precise navigation in both new and existing industrial facilities. 

[Korean Startup Interview] How Beberia’s Innovative Platform is Transforming Parenting in Vietnam
Beberia, founded by Noa Lee, dominates Vietnam’s baby product market, reaching 70% of Vietnamese mothers and helping Korean brands adapt to local needs.

Others

Alicorn Chosen for Tokyo’s Foreign Company Attraction Project, Expands in Japan
Selected by the Tokyo Metropolitan Government, Alicorn plans to expand its AI-driven space management solutions in Japan