[StartupRecipe] The Middle East Emerges as a New Market for Korean Startups
#Weekly Funding Overview [Mar. 13 ~ Mar. 17] The total funds raised by Korean startups of this week is KRW 74.7 billion. Major Funding TravelWallet, a global payment service, has raised KRW 19.7 billion in Series C funding. The service,...
[StartupRecipe] The Rise of Generative AI Services in Korea
#Weekly Funding Overview [Mar. 6 ~ Mar. 11] The total funds raised by Korean startups of this week is KRW 74.7 billion. Major Funding 4th CREATIVE PARTY, an animation and visual special effects (VFX) production company that has contributed to...
[StartupRecipe] February Sees Steep Drop in South Korean Startup Funding, Indicating Tough Times Ahead
#Weekly Funding Overview [Feb. 27 ~ Mar. 3] The total funds raised by Korean startups of this week is KRW 28.8 billion. Major Funding Fadu, a fabless semiconductor company, has accomplished a milestone by securing KRW 12 billion in pre-IPO...
[StartupRecipe] Factors Driving the Growth of the Secondhand Market
#Weekly Funding Overview [Feb. 20 ~ Feb. 24] The total funds raised by Korean startups of this week is KRW 43.15 billion. Major Funding Guhada, a luxury goods distribution platform, raised KRW 8 billion in funding, increasing its total investment...
[StartupRecipe] January Sees Sharp Decline in Funding
#Weekly Funding Overview [Feb. 13 ~ Feb. 17] The total funds raised by Korean startups of this week is KRW 47.8 billion. Major Funding Petaverse, a pet metaverse avatar firm, raised KRW 12 billion in funding, and will use the...
[StartupRecipe] Korean Startups secured $8.4 Billion in 2022
#Weekly Funding Overview [Feb. 6 ~ Feb. 10] The total funds raised by Korean startups of this week is KRW 141.5 billion. Major Funding D’strict, a company specializing in digital design, has bagged KRW 100 billion from SPC WaveOne of...
[StartupRecipe] Layoff Crisis Hits Korean Startups
#Weekly Funding Overview [Jan. 30 ~ Feb. `3] The total funds raised by Korean startups of this week is KRW 51.1 billion. Major Funding Korean social venture Dot has secured a KRW 13.4 billion investment. It has raised KRW 30...
[StartupRecipe] Korean Startups Step into UAE with Ministry Boost
#Weekly Funding Overview [Jan. 23 ~ Jan. `27] The total funds raised by Korean startups of this week is KRW 37 billion. Major Funding Reco, which operates a one-stop waste pickup and transportation service named UpBox, has secured KRW 14.5...
[StartupRecipe] Conglomerates-Startups Idea Theft Controversy
#Weekly Funding Overview [Jan. 16 ~ Jan. `20] The total funds raised by Korean startups of this week is KRW 104 billion. Major Funding PeopleFund, an AI-based credit rating fintech company, has raised KRW 24.7 billion in investment. Its total...
[StartupRecipe] Korean Startups Targeting Global Markets
#Weekly Funding Overview [Jan. 9 ~ Jan. `13] The total funds raised by Korean startups of this week is KRW 45.7billion. Major Funding Backpacker, an operator of the handicraft platform Idus, has raised KRW 20 billion in investment from both...