KoreaTechDesk | Korean Startup and Technology News

Tue, June 25, 2024

Nota AI Secures $19.9 Million in Series C Funding to Expand AI Optimization Technology

Nota AI, a prominent South Korean startup specializing in AI optimization and lightweighting technology, has successfully raised $19.9 million (25.8 billion KRW) in its Series C funding round. This milestone brings the total investment raised since its inception in 2015 to approximately $42.6 million (53.2 billion KRW). The funding round…

by Daehyun Song . 22 Jun 2024

Latest Article

NextRise 2024: South Korea’s Premiere Startup Exhibition Celebrates Record-Breaking Success

The ‘NextRise 2024‘ exhibition, hosted by the Korea International Trade Association (KITA) and KDB Korea Development Bank, concluded successfully on…

by KoreaTechDesk Writer . 22 Jun 2024
Bitsensing Secures $ 25 million in Series B Investment, Strengthening Position in Global Radar Technology Market

bitSensing, a leading Korean company in radar solutions, has successfully raised KRW 35 billion (USD 25 million) in Series B…

by Richard Park . 19 Jun 2024
KoreaTechDesk Virtual Demo Day on June 24, 2024, Featuring Prominent Industry Leader Szymon Struszyński

KoreaTechDesk is thrilled to announce the upcoming edition of its highly anticipated Virtual Demo Day, scheduled for June 24, 2024,…

by KoreaTechDesk Writer . 17 Jun 2024
Floatic CEO Chan Lee on Leading Revolution in E-commerce Warehouse Automation with Visionary Strategy

Korean startup Floatic, a trailblazer in e-commerce warehouse automation, has recently made headlines by securing $3.8 million in its latest…

by Aditi Dave . 16 Jun 2024
Seoul Surges to 9th Best Global Startup Hub, Boosted by Strong Ecosystem & Strategic Investments: Startup Genome 2024 Report

Seoul has been recognized as the 9th best city globally for starting a business, according to the latest report by…

by Daehyun Song . 14 Jun 2024
Building Bridges: Jan Raczyński on Fostering Startup and Enterprise Collaborations

In today’s rapidly evolving business landscape, fostering collaborations between startups and established enterprises is crucial for driving innovation and growth.…

by Aditi Dave . 13 Jun 2024

Popular posts

KoreaTechDesk is thrilled to announce the upcoming…
by KoreaTechDesk Writer . 17 Jun 2024

bitSensing, a leading Korean company in radar solutions, has successfully raised KRW 35 billion (USD 25 million) in Series B…
by Richard Park . 19 Jun 2024

The ‘NextRise 2024‘ exhibition, hosted by the Korea International Trade Association (KITA) and KDB Korea Development Bank, concluded successfully on…
by KoreaTechDesk Writer . 22 Jun 2024

Nota AI, a prominent South Korean startup specializing in AI optimization and lightweighting technology, has successfully raised $19.9 million (25.8…
by Daehyun Song . 22 Jun 2024

MOST READ ARTICLE OF THE WEEK

Nota AI Secures $19.9 Million in Series C Funding to Expand AI Optimization Technology

Nota AI, a prominent South Korean startup specializing in AI optimization and lightweighting technology, has successfully raised $19.9 million (25.8…

by Daehyun Song . 22 Jun 2024

ChatGPT App Usage in Korea Exceeds 3 Million Monthly Users: WiseApp Survey

A recent survey has revealed that Open AI’s ChatGPT app is experiencing significant popularity in South Korea, with over 3…

by Chloe kim . 12 Jun 2024
Starseed Secures Pre-Seed Investment for AI-Based PR SaaS ‘Pulitzer AI’

Starseed (CEO Katie Bomi Son), a global PR SaaS startup, announced that it has secured a pre-seed investment from VentureSquare.…

by KoreaTechDesk Writer . 28 May 2024
South Korea’s Leading AI Startup, Crowdworks AI, to Participate in VIVATECH 2024 for Second Time

Korean Startup Crowdworks AI (CEO Kim Woosung) is set to participate in Europe’s biggest startup and tech event VIVATECH 2024, for the second consecutive year. Since…

by KoreaTechDesk Writer . 20 May 2024
South Korea Launches ‘Startup Korea Fund’ with 807.5 Billion Won ($588 Million) Sub-Fund for 2024

The South Korean government has officially launched the first sub-fund for the ‘Startup Korea Fund’ project, an ambitious public-private venture capital initiative designed to support domestic startups and ventures. The entire initiative aims to raise over 2 trillion won (approximately $1.4 billion) from 2024 to 2027, with a focus on fostering innovation and technological advancement within the country. The Startup Korea Fund, spearheaded by the Ministry of SMEs and Startups, is set to involve 21 private companies (Limited Partners – LPs) and aims to raise 807.5 billion won (approximately $588 million) in its first sub-fund by the second half of 2024. The fund’s primary objective is to facilitate bolder private sector investments in innovative technologies and ventures through unprecedented incentives, such as the government bearing initial losses and prioritizing profit distribution to private partners. Focus on Strategic Technologies The Korea Venture Investment Corporation announced the ‘2024 Startup Korea Fund Investment Project’ on May 31. The project plans to allocate 585.3 billion won for investments, with 242.3 billion won ($176 million) coming from government-backed funds and 343 billion won ($249 million)…

5 Jun 2024
South Korea Financial Services Commission Unveils $11.36 Billion Plan to Boost Early-Stage Ventures

In a decisive move to bolster the domestic venture ecosystem, the Financial Services Commission (FSC) of South Korea has unveiled…

20 May 2024
Korean Government Unveils Ambitious Plan to Boost Semiconductor Industry

Korean Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok announced a bold initiative to enhance the competitiveness…

15 May 2024
South Korean Ministry Unveils Comprehensive Strategy to Propel SMEs onto Global Stage

In a bid to drive the growth of small and medium-sized enterprises (SMEs), the South Korean Ministry of SMEs and…

13 May 2024
NextRise 2024: South Korea’s Premiere Startup Exhibition Celebrates Record-Breaking Success

The ‘NextRise 2024‘ exhibition, hosted by the Korea International Trade Association (KITA) and KDB Korea Development Bank, concluded successfully on June 14 at COEX, Seoul. Celebrating its 6th anniversary, this year’s event was the largest ever, gathering stakeholders from the global startup ecosystem, including companies, investors, and support organizations. The two-day event saw participation from approximately 1,500 domestic and international startups and 250 global large and medium-sized companies, investment firms, and support organizations from 26 countries. The exhibition attracted about 25,000 visitors, reflecting its growing significance in the startup ecosystem. International Business Networking The opening ceremony on June 13 was attended by prominent figures such as South Korea Prime Minister Han Deok-soo, Minister of Trade, Industry and Energy Jeong In-kyo, and Financial Services Commission Vice Chairman Kim So-young. Executives from global giants like LVMH and representatives of various startups were also present, underscoring the event’s high profile. NextRise 2024 hosted Asia’s largest one-on-one business meetup, facilitating around 3,600 meetings between 220 large global companies, investment firms, and 1,200 startups. This strategic matchmaking aimed to attract investment and foster business cooperation.…

22 Jun 2024
KoreaTechDesk Virtual Demo Day on June 24, 2024, Featuring Prominent Industry Leader Szymon Struszyński

KoreaTechDesk is thrilled to announce the upcoming edition of its highly anticipated Virtual Demo Day, scheduled for June 24, 2024,…

17 Jun 2024
Explore European Fintech & AI Opportunities at Webinar Hosted by KnowWhere Bridge, Invest Lithuania, & Embassy of Lithuania in South Korea

Korean startups eager to delve into the thriving world of Fintech and AI in Europe can look forward to  the…

11 Jun 2024
Industry Leaders Share Insights on Southeast Asian Tech Wave at BEYOND Expo 2024, Moderated by beSUCCESS CEO James Jung

The BEYOND Expo 2024, held at The Venetian Macao’s Cotai Expo, served as a nexus for innovation and cross-border technological exchanges.…

10 Jun 2024
Floatic CEO Chan Lee on Leading Revolution in E-commerce Warehouse Automation with Visionary Strategy

Korean startup Floatic, a trailblazer in e-commerce warehouse automation, has recently made headlines by securing $3.8 million in its latest…

by Aditi Dave . 16 Jun 2024
Building Bridges: Jan Raczyński on Fostering Startup and Enterprise Collaborations

In today’s rapidly evolving business landscape, fostering collaborations between startups and established enterprises is crucial for driving innovation and growth.…

by Aditi Dave . 13 Jun 2024
ÉKLEER CEO Matthew Chung Spearheads Innovation in the Portable Monitor Market

As the influence of OTT services grows, the lifestyle of watching satellite or cable broadcasts only on TV is changing.…

by Dae-jung Park . 14 Dec 2023
Polish Corporation ORLEN Calls on Korean Startups for Accelerator Program

In a bid to foster global innovation and collaboration, ORLEN Group, one of Central and Eastern Europe’s most prominent multi-energy…

by KoreaTechDesk Writer . 15 Mar 2024

Hyundai Motor Group Launches 2024 Zero One Accelerator Program for Innovative Startups

South Korean corporate giant Hyundai Motor Group has announced the commencement of the 2024 open recruitment for its esteemed ‘ZER01NE…

by KoreaTechDesk Writer . 19 Feb 2024
Google Startup Campus Partners with Seoul Metropolitan Government for ‘AI Startup School’ Program  

In a significant demonstration of Google’s dedication to fostering entrepreneurship in the Artificial Intelligence (AI) field in South Korea, the…

by KoreaTechDesk Writer . 5 Feb 2024
Korean Startups Gear Up for OpenAI Finals with Strong Support from Ministry and Industry Leaders

As the global AI landscape continues to evolve, Korean startups are gearing up for a momentous opportunity for the upcoming…

by Daehyun Song . 1 Feb 2024
Top Co-working Spaces for Startups & Companies to Explore in South Korea

For startups, the beginning years are the most crucial ones, when the pitches to VCs are to be made, teams…

3 Apr 2024
Korean Legal Firm SEUM Emerges as a Premier Partner for Startups, Garnering Top Rankings

SEUM, a distinguished law firm based in South Korea, has solidified its position as a premier legal partner for startups,…

1 Mar 2024
Top Event Agencies in Korea For International Clients Seeking Global Excellence

In the dynamic landscape of South Korea, renowned for its innovation and rich cultural tapestry, choosing the right event planning…

6 Dec 2023

POPULAR POSTS

KoreaTechDesk is thrilled to announce the upcoming…
by KoreaTechDesk Writer . 17 Jun 2024

bitSensing, a leading Korean company in radar solutions, has successfully raised KRW 35 billion (USD 25 million) in Series B…
by Richard Park . 19 Jun 2024

The ‘NextRise 2024‘ exhibition, hosted by the Korea International Trade Association (KITA) and KDB Korea Development Bank, concluded successfully on…
by KoreaTechDesk Writer . 22 Jun 2024

Nota AI, a prominent South Korean startup specializing in AI optimization and lightweighting technology, has successfully raised $19.9 million (25.8…
by Daehyun Song . 22 Jun 2024