KoreaTechDesk | Korean Startup and Technology News

Sun, August 24, 2025

Sign in

Virtual Demo Day
Menu
  • Home
  • Startup News
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Manufacturing
    • Press Release
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation
    • Investments
    • Ecosystem & Lists
  • Governments
    • Artificial Intelligence Industry Cluster Agency
    • Daegu Technopark
    • GANGNAM-GU
    • Gyeonggido Business & Science Accelerator
    • Hwaseong Industry Promotion Agency
    • Invest Seoul
    • Korea Creative Content Agency
    • Korea Internet & Security Agency
    • Korea Information Security Industry Association
    • Korea Institute of Startup & Entrepreneurship Development
    • Korea Tourism Organization
    • Korea Trade-Investment Promotion Agency
    • Ministry of Culture, Sports and Tourism
    • Ministry of SMEs & Startups
    • National IT Industry Promotion Agency
    • Pangyo Techno Valley
    • Seoul Business Agency
    • Seoul FinTech Lab
    • South Gyeongsang Province
    • Seoul Metropolitan Government
  • Events
    • COMEUP
    • Korea Fintech Week
    • K-Content Expo
    • NextRise
    • Try Everything
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Programs
    • Asan Voyager
    • CAPA Global Program
    • Campus Town Program
    • SGSC Global Bootcamp
    • Gangnam-gu Global Roadshow
    • Global SaaS Marketplace Support Project
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
    • Yonsei Univ Global Class
    • KOSME Global Program
  • Partner With Us
    • Press Release
    • Startup Scouting
    • Business Agencies
    • Global Mentorship Program
    • Investment Opportunities
    • K-Scouter Program
  • Lists
  • Virtual Demo Day
  • Home
  • Startup News
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Manufacturing
    • Press Release
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation
    • Investments
    • Ecosystem & Lists
  • Governments
    • Artificial Intelligence Industry Cluster Agency
    • Daegu Technopark
    • GANGNAM-GU
    • Gyeonggido Business & Science Accelerator
    • Hwaseong Industry Promotion Agency
    • Invest Seoul
    • Korea Creative Content Agency
    • Korea Internet & Security Agency
    • Korea Information Security Industry Association
    • Korea Institute of Startup & Entrepreneurship Development
    • Korea Tourism Organization
    • Korea Trade-Investment Promotion Agency
    • Ministry of Culture, Sports and Tourism
    • Ministry of SMEs & Startups
    • National IT Industry Promotion Agency
    • Pangyo Techno Valley
    • Seoul Business Agency
    • Seoul FinTech Lab
    • South Gyeongsang Province
    • Seoul Metropolitan Government
  • Events
    • COMEUP
    • Korea Fintech Week
    • K-Content Expo
    • NextRise
    • Try Everything
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Programs
    • Asan Voyager
    • CAPA Global Program
    • Campus Town Program
    • SGSC Global Bootcamp
    • Gangnam-gu Global Roadshow
    • Global SaaS Marketplace Support Project
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
    • Yonsei Univ Global Class
    • KOSME Global Program
  • Partner With Us
    • Press Release
    • Startup Scouting
    • Business Agencies
    • Global Mentorship Program
    • Investment Opportunities
    • K-Scouter Program
  • Lists
  • Virtual Demo Day
Home Startup Ecosystem & Lists

News this week: Corporate investments & new deals for Korean startups

by KoreaTechDesk Writer
June 13, 2021
in Ecosystem & Lists
0
South Korean President Moon Jae-in (L) attends a Group of Seven (G-7) session, along with U.S. President Joe Biden (R) and British Prime Minister Boris Johnson, at the Carbis Bay Hotel & Estate in Cornwall, Britain, on June 12, 2021. (Yonhap)

South Korean President Moon Jae-in (L) attends a Group of Seven (G-7) session, along with U.S. President Joe Biden (R) and British Prime Minister Boris Johnson, at the Carbis Bay Hotel & Estate in Cornwall, Britain, on June 12, 2021. (Yonhap)

0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

While South Korean President Moon Jae-in attended the Group of Seven (G-7) summit and unveiled plans to help lower-income nations procure COVID-19 vaccines at Cornwall in the UK, in Korea giant companies like Naver, SK Telecom and Mercedes Benz announced more support for Korean startups. Naver to invest in 70 startups under its accelerator scheme, D2 Startup Factory. SK Telecom and Mercedes Benz to form an alliance to discover and develop promising startups.

Woori Financial begins its startup incubation program and LG Energy solution preps for an IPO. Also, Blockchain startup Firmachain’s electronic contract platform DONUE to be used by Sejong Center for the Performing Arts. South Korea’s top internet portal operator.

At 6, Naver’s D2SF keeps investing in startups

Source: KoreaJoongangDaily

Naver will set aside a floor in an office building in Pangyo, Gyeonggi, for tech startups it invests in. D2SF is Naver’s in-house accelerator. It invests in business-to-business (B2B) start-ups that sell technology or services for corporate clients. Unlike other venture capital companies or accelerators, D2SF — short for D2 Smart Factory — invests Naver’s money only.
“Six years ago when Naver first started seed-investment in tech start-ups, there weren’t that many to invest in,” said Yang Sang-hwan, D2SF’s leader, during an online press conference Tuesday celebrating the company’s sixth anniversary. Yang has headed D2SF from the start. This year, D2SF will do a similar level of investing in start-ups as last year, or possibly more, Yang said. In 2020, the company funded 22 start-ups.

SKT and Benz Korea to discover promising start-ups and cooperate in business

Source: Yonhap 

Mercedes-Benz Korea CEO Thomas Klein (from left) and SKT Corporate 2 Center Director Ha Hyung-il (photo: SK Telecom.)

SK Telecom (SKT) announced on June  13th that it has decided to cooperate with Mercedes-Benz Korea to discover promising startups and develop business. SKT will participate as a key partner of ‘Startup Autobahn’, a startup cooperation platform. It will support the growth and development of startups in new information and communication technology (ICT) fields such as 5G, artificial intelligence (AI), and metaverse.

Startup Autobahn is a global open innovation platform established in 2016 by the Daimler Group, the parent company of Mercedes-Benz. It supports startup companies with expert mentoring and networking opportunities, and attracting investment through venture capital (VC).It discovered more than 5,000 startups from all over the world and jointly conducted pilot projects in various fields such as AI and mobility.

DONUE Expands Electronic Contract Service to the Public Sector

On the June 7th, FirmaChain’s blockchain based global electronic contract platform DONUE announced Sejong Center for the Performing Arts’ decision to become a client of DONUE.

Welcome “Sejong Center for the Performing Arts”.?We’re honored and delighted to have you on board.??https://t.co/a40HYuZzEn

— FirmaChain (@FirmaChain) June 7, 2021

Woori Financial picks 17 startups to join its startup incubator

Source: The Korea Herald

Judges listen to a presentation about startups that applied for this year‘s Dinno Lab program at the lab‘s meeting room in Yeouido, western Seoul. (Woori Financial Group)

Woori Financial Group said Friday it selected 17 companies to join its startup incubation program, beefing up its effort to find new partners and accelerate digital transformation. Established in 2019, “Dinno Lab” — an abbreviation for “digital innovation lab” — is a training program provided by the banking group to nurture tech startups. From among 274 applications for this year’s program, startups from seven sectors, including ecommerce, blockchain, artificial intelligence, property tech and pet-related services, were picked as finalists.

LG Energy Solution’s Stock Listing to Become Korea’s Largest IPO Yet

Source: KoreaTechToday

LG Energy Solution started its IPO process, bringing about South Korea’s most extensive stock listing and aiming to use the proceeds to cultivate the global EV battery market.

LG Energy Solution, LG’s automotive battery manufacturing unit, announced that it had officially started its initial public offering (IPO) process. The electric vehicle (EV) battery manufacturer estimated that its stock listing could raise around $10 to $12 billion, leading to South Korea’s largest IPO so far.

LG Energy’s IPO could undoubtedly surpass the current record holder for the biggest-ever listing in South Korea, Samsung Life Insurance. When Samsung Life Insurance went public in 2010, its IPO brought in around 4.9 trillion won ($4.39 billion).

Tags: FirmaChainG-7LG Energy SolutionMercedes BenzMoonNAVERSK TelecomStartupsWoori
Previous Post

Sales & Distribution lessons at the 2021 SGSC Global Bootcamp for Korean startups  

Next Post

Lessons on Team Building & Leadership for startups as the 2021 SGSC Global Bootcamp enters the second week

Next Post
SGSC 2021 Global Bootcamp - Day 4

Lessons on Team Building & Leadership for startups as the 2021 SGSC Global Bootcamp enters the second week

Please login to join discussion

POPULAR POSTS

Invitation to Japan’s SaaS Leaders: Meet Korea’s To...
Japan’s enterprise leaders, system integrators, and venture…
by Vallabh Rao . 12 Aug 2025

KOCCA LAUNCHPAD UAE 2025: AI, XR, Smart Tourism & L...
KOCCA LAUNCHPAD UAE 2025 — organized by the Korea Creative Content Agency (KOCCA) in collaboration with Cuvee April and Plug…
by James Jung . 12 Aug 2025

Korea Backs 52 Global Collaborative R&D Projects to...
Korea is stepping onto the global R&D stage with unprecedented force. Backed by strategic alliances with Purdue University, Fraunhofer, and…
by Daehyun Song . 11 Aug 2025

K-Nevada Gateway 2025 Links Korean Startups to Reno Tec...
Reno, Nevada is fast becoming the U.S. West Coast’s next tech powerhouse — and Korean startups now have a direct…
by Daehyun Song . 11 Aug 2025

Waddle’s GPT-5 Hackathon Win Showcases Korean AI Comp...
In a field dominated by global talent, one Korean AI startup has just outperformed 93 teams at a major OpenAI…
by Daehyun Song . 13 Aug 2025

Register for Event

MOST READ ARTICLE OF THE WEEK

1.
South Korea’s Ministry of SMEs and Startups Unveils $2.23 Billion Support Plan for Startups in 2025
3 Jan 2025
2.
South Korea Shines at CES 2025: Global Innovation Champion, Record-Breaking K-Startup Pavilion, Award-Winning Innovations
10 Jan 2025
3.
South Korea Opens Applications for the 10th K-Startup Grand Challenge 2025 – Korea’s Flagship Market-Entry Program Offering ₩950M (US$633K) in Government Support 
7 May 2025
4.
K-Startup Grand Challenge : Empowering Global Startups and Driving Innovation in South Korea
28 Apr 2025
5.
AI in South Korea: Startups Leading the Generative AI Revolution
1 Apr 2025

List Article

1.
6 Reasons Why Seoul Is Poised to Become a Top 5 Global Economic Hub by 2030
20 Aug 2024
2.
Top Co-working Spaces for Startups & Companies to Explore in South Korea
3 Apr 2024
3.
Top Accelerators in South Korea Shaping Startup Success
29 Nov 2023
4.
Top Korean Venture Capital Firms Backing Startup Success
26 Oct 2023
5.
Top Apps for Seamless Korean to English Translation
14 Aug 2023

Similar Articles

Top Accelerators
Ecosystem & ListsLists

Top Accelerators in South Korea Shaping Startup Success

More
COMEUP 2023
COMEUPEcosystem & ListsEvents

Unveiling Key Lessons for Korean Startups Eyeing Global Expansion from COMEUP 2023

More
Content & GamesEcosystem & ListsLists

Top Apps for Seamless Korean to English Translation

More

Topics

Menu
  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • FinTech
  • Gadgets & Electronics
  • Health & Bio
  • IoT

Program

Menu
  • Asan Voyager
  • CAPA Global Program
  • SGSC Global Bootcamp
  • LAUNCHPAD
  • COMEUP STARS 120
  • K-Startup Grand Challenge
  • TIPS X beSUCCESS Global Project
  • SFL Global Program
  • KTO Global Showcase
  • Yonsei Univ Global Class
  • KOSME Global Program

About

Menu
  • About Us
  • all articles
  • Terms of Use
  • Privacy
  • Cookie-policy
  • twitter

Subscribe and be informed first hand about actual Korean startup news.

All the day’s headlines and highlights, direct to you every morning.

Contact us : [email protected]

Topics

Menu
  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • FinTech
  • Gadgets & Electronics
  • Health & Bio
  • IoT

Program

Menu
  • Asan Voyager
  • CAPA Global Program
  • SGSC Global Bootcamp
  • LAUNCHPAD
  • COMEUP STARS 120
  • K-Startup Grand Challenge
  • TIPS X beSUCCESS Global Project
  • SFL Global Program
  • KTO Global Showcase
  • Yonsei Univ Global Class
  • KOSME Global Program

About

Menu
  • About Us
  • all articles
  • Terms of Use
  • Privacy
  • Cookie-policy
  • twitter

Subscribe and be informed first hand about actual Korean startup news.

All the day’s headlines and highlights, direct to you every morning.

© 2023 Koreantech News & Media Korea Zrt. All rights reserved.

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback

dgdfgfdgdf

What you think about Koreatechdesk, Share your idea with us!

feedback popup

Invitation submission has been closed

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.