[Korean Startup Weekly News #44] Korea’s Venture Investment Market Grows by 11.3%, Reaching KRW 8.6 Trillion in Q3 2024

11/16/2024

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

Headline

Korea’s Venture Investment Market Grows by 11.3%, Reaching KRW 8.6 Trillion in Q3 2024
Korea’s venture investments hit KRW 8.6 trillion in Q3 2024, marking an 11.3% increase, defying global economic slowdowns.

Check out the latest funding news for Korean startups

Novelty Nobility Accelerates ADC Development with $16.8 Million Pre-IPO Funding
With $16.8M secured, Novelty Nobility plans for KOSDAQ and progresses in ADC clinical trials targeting c-Kit.

VIVER Secures ₩15 Billion Investment, Accelerates Luxury Watch Market Dominance
VIVER, leading C2C luxury watch platform, receives ₩15B investment for global expansion after achieving ₩100B in transactions within 2 years of launch.

GLORANG Secures Strategic Investment from Japan’s DG Daiwa Ventures to Expand Globally
GLORANG, a leading Korean EdTech company, receives investment to expand AI-powered educational services, serving 2M students annually with psychological assessments and online classes.

DY ENG Secures Additional $1.3 Million to Pioneer Advanced Battery Recycling
Korean startup DY ENG receives $1.3 million to develop eco-friendly battery recycling processes, focusing on efficient black mass recovery.

Kompass Diagnostics Raises KRW 2.2 Billion for Infertility Tech Innovations
Kompass Diagnostics has secured KRW 2.2 billion from investors to launch a fingertip blood diagnostic device, enhancing fertility treatments

Amously’s ‘AMIE’ Innovates Semiconductor Manufacturing with New Seed Funding
Amously, launched by SK Hynix’s HiGarage, aims to revolutionize semiconductor manufacturing with cutting-edge AI solutions.

Aigement Secures Seed Investment for AI Solution Reducing Procurement Costs
Aigement secured seed funding from TheVentures for ‘Al-mighty’, an AI tool automating purchasing to reduce costs in manufacturing. The investment supports Aigement’s domestic and international expansion.

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.

Korea’s SDT Partners with MIMOS to Launch Malaysia’s First Quantum Computing Center
SDT partnered with Malaysia’s MTSSB to establish the nation’s first quantum computing center, aiming to boost Malaysia’s quantum technology capabilities and showcase Korea’s global leadership in quantum innovation.