KoreaTechDesk | Korean Startup and Technology News

Tue, March 05, 2024

Data Dillema: Government vs. Private Reports Reveal Contrasting Perspectives on South Korea’s Venture Investment

A recent announcement by the Ministry of SMEs and Startups on the ‘2023 domestic venture investment and fund formation trends’ has ignited intense scrutiny over the accuracy of South Korea’s venture capital (VC) market statistics. While the government heralds remarkable growth and recovery, private research organizations paint a contrasting picture,…

by Aditi Dave . 4 Mar 2024

Latest Article

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,…

by Aditi Dave . 1 Mar 2024
Korean Companies & Startups Shine at Mobile World Congress 2024 in Barcelona

The Mobile World Congress 2024 (MWC 2024) in Barcelona, Spain, witnessed a remarkable display of innovation and technological prowess by…

by KoreaTechDesk Writer . 1 Mar 2024
Weaversmind: Redefining Education Through Innovation and Global Reach

Weaversmind, a Korean company specializing in educational content, recently marked its 15th anniversary with a renewed commitment to transforming education…

by Daehyun Song . 29 Feb 2024
Hwaseong Industry Promotion Agency Empowering South Korea’s Industrial Landscape

Hwaseong City, a burgeoning hub of innovation and industry in South Korea, stands at the cusp of transformation. With 27,000…

by Jinju Jeon . 28 Feb 2024
Ad-Shield Empowers Publishers to Reclaim Ad Revenue Lost to Ad Blockers

AdTech startup Ad-Shield is revolutionizing the battle against ad blockers, offering a cutting-edge solution for online publishers to reclaim lost…

by KoreaTechDesk Writer . 27 Feb 2024
InHandPlus Unveils Doctor on Wrist: AI-Powered Smartwatch Redefining Personalized Healthcare

InHandPlus Inc., a pioneering medtech startup founded in 2019, has emerged as a frontrunner in the realm of healthcare innovation.…

by Dae-jung Park . 26 Feb 2024

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Hwaseong City, a burgeoning hub of innovation…
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InHandPlus Inc., a pioneering medtech startup founded in 2019, has emerged as a frontrunner in the realm of healthcare innovation.…
by Dae-jung Park . 26 Feb 2024

Weaversmind, a Korean company specializing in educational content, recently marked its 15th anniversary with a renewed commitment to transforming education…
by Daehyun Song . 29 Feb 2024

AdTech startup Ad-Shield is revolutionizing the battle against ad blockers, offering a cutting-edge solution for online publishers to reclaim lost…
by KoreaTechDesk Writer . 27 Feb 2024

The Mobile World Congress 2024 (MWC 2024) in Barcelona, Spain, witnessed a remarkable display of innovation and technological prowess by…
by KoreaTechDesk Writer . 1 Mar 2024

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Ad-Shield Empowers Publishers to Reclaim Ad Revenue Lost to Ad Blockers

AdTech startup Ad-Shield is revolutionizing the battle against ad blockers, offering a cutting-edge solution for online publishers to reclaim lost…

by KoreaTechDesk Writer . 27 Feb 2024

InHandPlus Unveils Doctor on Wrist: AI-Powered Smartwatch Redefining Personalized Healthcare

InHandPlus Inc., a pioneering medtech startup founded in 2019, has emerged as a frontrunner in the realm of healthcare innovation.…

by Dae-jung Park . 26 Feb 2024
Chowis Collaborates with L’Oréal Professionnel Paris in India to Revolutionize Hair Care Service

Chowis Company, a developer of skin, hair and scalp analysis solutions in South Korea, is introducing personalized hair diagnosis and…

by KoreaTechDesk Writer . 15 Feb 2024
AI-Powered Startup Actnova Secures $ 2.4 million in Pre-Series A Funding for Breakthrough Animal Behavior Testing Solution

Korean startup Actnova, led by CEO Kim Dae-geon, has achieved a significant milestone by successfully attracting a Pre-Series A round…

by Dae-jung Park . 7 Feb 2024
Data Dillema: Government vs. Private Reports Reveal Contrasting Perspectives on South Korea’s Venture Investment

A recent announcement by the Ministry of SMEs and Startups on the ‘2023 domestic venture investment and fund formation trends’ has ignited intense scrutiny over the accuracy of South Korea’s venture capital (VC) market statistics. While the government heralds remarkable growth and recovery, private research organizations paint a contrasting picture, sparking debates over the data collection methodology. The Ministry’s report, unveiled on February 20, asserts that domestic venture investment surged to a historic KRW 10.9 trillion (USD 8.18 billion) in 2023, marking a 35% increase from the pre-COVID-19 peak of KRW 8.1 trillion (USD 6 billion)  in 2020. Moreover, the data highlights a 22% uptick when converted to dollars, showcasing Korea’s robust recovery compared to global markets. Private Sector Analysis Contradicts Government Figures However, Startup Alliance, a prominent startup support organization, reports a staggering 52% decrease in venture investment, estimating the figure at KRW 5.3 trillion (USD 3.9 billion) for the same period. This stark contrast underscores the divergence in counting methodologies between government and private agencies. Startup Alliance’s ‘2023 Startup Investment Report’, released on January 26, revealed a significant…

4 Mar 2024
Korean Ministry of Agriculture Launches Agri-Food Venture Fund to Boost Agri-Tech Startups

In a landmark move to invigorate the agri-tech sector, the Korean Ministry of Agriculture, Food and Rural Affairs has unveiled…

10 Feb 2024
Ministry of SMEs and Startups Seeks 121 Companies for ‘2024 Super Gap Startup Promotion Project’

With a steadfast commitment to fostering innovation and entrepreneurship, particularly in fields such as system semiconductors and artificial intelligence (AI),…

8 Feb 2024
South Korea’s Ministry of SMEs and Startups to Pump Record $684 Million to Revive Venture Investment in 1st Quarter

In response to a chilling investment climate plaguing the startup ecosystem, the Korean Ministry of SMEs and Startups has embarked…

2 Feb 2024
Korean Companies & Startups Shine at Mobile World Congress 2024 in Barcelona

The Mobile World Congress 2024 (MWC 2024) in Barcelona, Spain, witnessed a remarkable display of innovation and technological prowess by Korean companies and startups, solidifying their presence as global leaders in the tech industry. The MWC 2024 showcased global giants like Huawei, Ericsson, Samsung Electronics, and Deutsche Telekom alongside a vibrant startup scene. Amidst the bustling atmosphere, Korean companies and startups made a significant impact, underscoring their innovation and global ambitions. The ‘4YFN (4 Years from Now)’ zone, dedicated to startups, captured attention with its 800 mini-booths, where 64 South Korean startups showcased their technological prowess. Supported by organizations such as the Korea Information & Communication Technology Industry Association (KICTA), SK Telecom, the Korea Institute of Startup & Entrepreneurship Development (KISED), and the Korea International Trade Association (KITA), the 64 startups actively targeted the global market with their refined ideas and technological prowess. Vibrant Startup Scene Korean startups showcased their technological prowess and won accolades and recognition. Pion showcased its technology, enabling online store operators to create 15-second lipstick video advertisements effortlessly. Emocog, a medical startup showcased its digital therapy…

1 Mar 2024
1Billion Partners Hosts Dynamic Demo Day in Seoul, Unveiling Promising Startups

1Billion Partners, an accelerator dedicated to early-stage startups, showcased its vibrant portfolio during a private demo day at the Urban Creators…

18 Jan 2024
K-Digital Wave: Korean Startups and Tech Giants Ready to Amaze at CES 2024

As CES 2024, the most powerful tech event in the world gears up to unfold its tech extravaganza in Las…

6 Jan 2024
Boosting Future Mobility Talent: MORAI Sponsors Autonomous Driving Simulation at 2023 Mobility Competition

MORAI, a company specializing in autonomous driving simulation (run by Jung Jiwon and Hong Joon), sponsored the aMAP Stride Championship…

18 Dec 2023
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
Dr.Friend’s Growth from Sleep Care to Comprehensive Life Care Brand

Sleep has been considered a remedy for health since ancient times, and it is crucial for health management. To achieve…

by Daehyun Song . 13 Dec 2023
Pitch Interactive’s P.I.Extension Revolutionizes Sports Entertainment in the Booming E-sports Market

The E-sports market is establishing itself as a sport not limited to specific game users or fans. With E-sports being…

by Richard Park . 13 Dec 2023
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
Creww & Real Madrid Next Launch ‘Real Madrid Next Accelerator for Asia’ to Supercharge Tech Startups

In a move to drive innovation and empower startups in Asia, Creww Inc., Japan’s premier open innovation platform, has partnered…

by KoreaTechDesk Writer . 24 Jan 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
Leading Korean Law Firms providing legal support to English-Speaking foreign startups

Foreign startups and companies looking to enter the Korean market often face complex legal requirements and regulations that can be…

13 Apr 2023

POPULAR POSTS

Hwaseong City, a burgeoning hub of innovation…
by Jinju Jeon . 28 Feb 2024

InHandPlus Inc., a pioneering medtech startup founded in 2019, has emerged as a frontrunner in the realm of healthcare innovation.…
by Dae-jung Park . 26 Feb 2024

Weaversmind, a Korean company specializing in educational content, recently marked its 15th anniversary with a renewed commitment to transforming education…
by Daehyun Song . 29 Feb 2024

AdTech startup Ad-Shield is revolutionizing the battle against ad blockers, offering a cutting-edge solution for online publishers to reclaim lost…
by KoreaTechDesk Writer . 27 Feb 2024

The Mobile World Congress 2024 (MWC 2024) in Barcelona, Spain, witnessed a remarkable display of innovation and technological prowess by…
by KoreaTechDesk Writer . 1 Mar 2024