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2024/06/12

AI Chip makers Rebellions and Sapeon Korea Merge

Rebellions, an AI chip startup, is set to merge with Sapeon Korea, a subsidiary of SK Telecom. The two entities plan to establish an integrated corporation by the end of this year, with Rebellions absorbing Sapeon Korea through an acquisition....

2024/06/05

Seoul AI Hub Anchor Facility Opens to boost AI Ecosystem

The Seoul AI Hub anchor facility has officially opened, aiming to foster a robust AI ecosystem in the city. Serving as a central hub for AI industry support, this state-of-the-art facility strategically integrates resources from various AI support centers in...

2024/05/31

IBK hosts Changgong demoday 2024

Industrial Bank of Korea(IBK) held its ‘IBK Changgong 2024 First Half Demo Day’ event from May 29-30 at the IBK Finance Tower on Eulji-ro in Seoul. The event provided an opportunity for 24 startups that completed the IBK Changgong Acceleration...

2024/05/16

South Korea's startup funding Market Bounces Back in Q1 2024: 3 key Points

The Ministry of SMEs and Startups (MSS) released a report detailing the latest trends in domestic venture investment and fund formation for the first quarter (Q1) of 2024. <Key Findings> Continued Growth: The positive trend observed in venture investment throughout...

2024/05/15

Korea-Japan Establish $100 Million Joint Fund to Boost Startup Investment

The government is hosting the Korea-Japan Venture Startup Investment Summit 2024 in Japan to strengthen cooperation between the two nations. They’ve agreed to establish a joint fund of USD 100 million (approximately KRW 138 billion). The Korea-Japan Joint Fund comprises...

2024/05/13

12 Korean Startups Shine at Dubai FinTech Summit

12 Korean startups showcased their innovative solutions at the Dubai FinTech Summit held at Jumeirah Resort. With their sights set on attracting venture capital funding and forging partnerships with global players, these startups leveraged the Seoul Pavilion, a collaborative effort...

2024/05/03

Former Kakao CEO's AI Content Startup Raises KRW 16 billion

Aiz Entertainment, AI-based entertainment content, has closed a KRW 16 billion seed investment round. The funding comes from investors including Bon Angels Venture Partners, LB Investment, and Stonebridge Ventures. Founded in November 2023 by a former CEO of Kakao, Aiz...

2024/04/30

Modusign closes KRW 17.7 Billion in Series C Funding

Modusign, SaaS-based e-contract platform, closed its Series C funding round, raising KRW 17.7 billion. The investment was led by existing investor SBVA (formerly SoftBank Ventures), with new participation from Atinum Investment, Industrial Bank of Korea (IBK), and DSC Investment. Modusign...

2024/04/29

AI Startup Dalpha raises KRW 12 Billion

Dalpha, a B2B AI startup, has raised KRW 12 billion in pre-Series A funding, bringing its cumulative investment to KRW 13.3 billion.Mirae Asset Venture Investment led the investment round, which also included participation from Intervest, DSC Investment, IMM Investment, Partners Investment....

2024/04/26

Recommerce platform 'Charan' secures $7M Funding

Seoul based Mine.is, the operator of fashion re-commerce platform Charan, closed a 10 billion won($7.3M) Series A funding round bringing the cumulative investment amount to 15.4 billion won. Hashed led the investment round, joined by other notable investors such as...

2024/04/25

S.Korea Launches Startup Korea Fund to boost Startup ecosystem

The Ministry of SMEs and Startups (MSS) launched the Startup Korea Fund to boost startup funding ecosystem. The fund combines public and private investment. Private entities such as large corporations, banks, and established venture capital firms contribute alongside a government-managed...

2024/04/18

AI startup Upstage Closes $72M Series B funding

Upstage AI, a pioneering AI company specializing in large language models (LLMs) and Document AI, today announced that it has raised $72 million in a Series B. With this latest funding, Upstage has now raised over $100 million since its...

2024/04/15

[2024 Survey] Unveiling Korea's Most Favorable Accelerator Ranking

StartupRecipe has released the results of a week-long survey conducted in March 2024 to understand Korean startup preferences when selecting accelerators. The online survey was conducted from March 25th to 31st, 2024, attracting 291 participants. The survey targeted individuals within...

2024/04/08

NextRise 2024 Seoul to Host Asia's Largest Startup Fair in June

The Korea Development Bank and Korea International Trade Association will host NextRise 2024, Seoul, Asia’s largest startup fair, on June 13-14 at COEX, Samsung-dong, Seoul. Last year, the fair attracted 20,000 visitors and resulted in 257 startups achieving business cooperation and...

2024/04/04

Antler Korea Showcases 9 Startups at Investor Day

Antler Korea held its Investor Day: Zero to One event on April 3, 2024. Founded in Singapore in 2017, Antler is a global venture capital firm that has supported more than 1,000 startups in 30 countries. The Investor Day was...

2024/04/01

D2C Foodtech Startup raises KWR 40 billion

Jeongyookgak, a D2C food-tech startup, has successfully secured KRW 40 billion in funding. The investment of KRW 10 billion was completed, and the KRW 30 billion in short-term loan, incurred during the acquisition of the eco-friendly food e-commerce platform Choroc,...

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