HR Tech Firm Remember Acquired by Global Investor EQT
Remember & Company, a South Korean business and career platform, has been acquired by the global investment firm EQT. The deal values the company at approximately KRW 500 billion. EQT will become the new majority shareholder by purchasing the stake...
K-Entertainment tech Bigc secures KRW 18 billion Series A investment
Bigc an entertainment technology company, raised KRW 18 billion in its Series A round led by Stonebridge Ventures and BonAngels Venture Partners, with participation from Nextrans, Nau IB, Hana Ventures, IBK, and Aloys Ventures, bringing its cumulative funding to KRW...
AI Data Startup SelectStar raises $15.5 million in Series B
SelectStar, a Seoul-based AI data and reliability verification company, has raised $15.5 million in its Series B funding round, bringing its total funding to $28 million to date. The round drew participation from KB Investment, KB Securities, Shinhan Venture Investment,...
Korea Tourism Organization Showcases 10 Travel Tech Startups in Bangkok Demo Day
The Korea Tourism Organization held the 2025 Bangkok Tourism Startup Center (KTSC) Demo Day in Bangkok, Thailand. This event was organized in conjunction with Thailand’s largest global startup conference, the Techsauce Global Summit (August 4–6, Queen Sirikit Convention Center, Bangkok),...
K-pop Company Modhaus Raises $15M in Record Series B Round
Modhaus, the fan participation-based entertainment company behind K-pop girl groups tripleS and ARTMS, has raised $15 million(KRW 21 billion) in a Series B funding round. This marks the largest single fundraising amount secured by a domestic entertainment company so far...
Korea's Fund of Funds Fuels Deep-tech Unicorns
The Korean government’s Fund of Funds has emerged as a key driver in nurturing domestic unicorn companies and promising deep-tech startups. The fund has provided early-stage growth capital to companies ranging from recent unicorns like Rebellions and FuriosaAI to global...
KRW 2.4 Trillion Global Fund Injects Capital into Korean Startups
The Ministry of SMEs and Startups is set to launch its largest-ever Global Fund, a massive KRW 2.4 trillion initiative designed to attract foreign investment into Korean startups. This year, the ministry will partner with 13 overseas venture capital firms...
South Korea's Sovereign AI Project Selects 5 Teams
South Korea has officially launched its mission to build a homegrown, globally competitive artificial intelligence ecosystem. The Ministry of Science and ICT has selected five elite teams for its Korean Sovereign AI Foundation Model project, a significant step toward securing...
K-Beauty Marketing Platform Egongegong Secures $37 Billion KRW in Funding
Egongegong, a marketing platform for K-beauty brands, has raised KRW 37 billion in a new funding round. Korea Investment Partners led the investment with KRW 13 billion. The funding will support Egongegong’s growth as a platform for K-beauty brands expanding...
KOSDAQ Needs Flexible Entry, Strict Exit Policy for Startup Market Revitalization
South Korea’s venture business sector is calling for fundamental reforms to the KOSDAQ market, advocating for a “flexible entry, strict exit” approach to revitalize the country’s tech-heavy stock exchange. Song Byung-jun, chairman of the Korea Venture Business Association, emphasized during...
Former Naver CEO, Appointed Minister of SMEs and Startups
Han Sung-sook, the former CEO of Naver, has been appointed as South Korea’s new Minister of SMEs and Startups. She is the first person from the private tech sector to hold this position, bringing extensive experience from her time leading...
Kong Studios Secures KRW 50 Billion Series C Funding
Kong Studios, the mobile game startup behind the global hit Guardian Tales, has closed a Series C investment round totaling KRW 50 billion. This significant capital injection stands out in the venture capital landscape, as major VC firms typically show...
AI Chip Startup FuriosaAI Becomes South Korea’s Latest AI Unicorn
FuriosaAI, a leading South Korean startup developing AI accelerator chips for data centers, has officially achieved unicorn status, with its valuation surpassing KRW 1 trillion. The milestone comes after the company closed a KRW 170 billion Series C bridge funding...
Korean Venture Landscape Shifts From Manufacturing to Service-Driven Innovation
A new report from the Korea Venture Business Association (KOVA) reveals a significant transformation in South Korea’s venture industry structure over the past decade (2014-2024). The comprehensive analysis highlights a decisive pivot from a manufacturing-centric economy to one increasingly dominated...
Tax Startup Solomon Labs Secures $6.8 Million in Seed Funding
Solomon Labs, a tax AI solution startup has secured an impressive $6.8 million in seed funding from leading U.S. venture capital firm, Bessemer Venture Partners. This latest investment brings Solomon Labs’ total funding to approximately $10 million, including a previous...
Antler Korea, Showcases 8 Startup at 5th Investor Day
Antler Korea, a global venture capital firm, hosted its 5th Investor Day on July 18th at Tipstown, Seoul. The event served as a crucial platform for Antler Korea’s fifth cohort of startups to pitch for seed investment, while also celebrating...