S. Korea Enacts World-First AI Law Amid Industry Concerns
South Korea officially implemented the AI Basic Act on January 22nd, marking a global milestone. While the European Union (EU) passed the world’s first AI law in 2024, it deferred high-risk regulations until late 2027. This move positions South Korea...
Design & Practice Secures KRW 15.1 Billion
Design & Practice, the operator of the automotive lease and rental management platform Chazm, has secured KRW 15.1 billion KRW in a Series A funding round. This latest financial milestone brings the company’s total cumulative investment to KRW 19 billion...
Korea-China Venture Startup Summit Held in Shanghai
The Korea-China Venture Startup Summit was held on in Shanghai, bringing together policymakers, entrepreneurs, and investors to strengthen cooperation across the venture and startup ecosystem. Hosted by the Ministry of SMEs and Startups (MSS) at the Shanghai International Convention Center...
K-Startups Build Global Presence at CES 2026
Korean startups achieved strong results at CES 2026, winning major awards and securing significant business opportunities at the world’s largest technology exhibition. At the K-Startup Pavilion in Las Vegas (January 6-9), 81 Korean startups showcased cutting-edge technologies to global investors,...
Korea Opens Startup Venture Campus in Silicon Valley
A Startup Venture Campus (SVC), a hub center supporting Korean startups, has opened in Silicon Valley. The SVC will house public institutions including Korea Venture Investment Corporation, Korea SMEs and Startups Agency, Korea Institute of Startup & Entrepreneurship Development, and...
AFINIT Secures $75M in Venture Debt Financing
Afinit, a fintech company operating the Indian financial platform True Balance, announced that it has secured $75M (KRW 110 billion) in venture debt funding. This significant investment comes from Community Investment Management (CIM), a US-based impact investment firm known for...
Korea to Provide KRW 4.43 Trillion in Policy Financing for SMEs in 2026
South Korea will channel more than KRW 4.4 trillion ($2.97 billion) into policy financing for small and medium-sized enterprises next year, as the government steps up efforts to support innovation, regional growth, and financial stability amid a challenging global environment. The...
Superb AI raises KRW 14 billion in pre-IPO round
Vision AI solutions provider Superb AI has secured KRW 14 billion in a pre-IPO funding round as it prepares for a public listing in 2026. The company offers an all-in-one platform designed to automate and streamline the development of artificial...
Indian Startup Konnect Wins 2025 K-Startup Grand Challenge
Konnect, a startup from India, won the 2025 K-Startup Grand Challenge(KSGC) Final Demo Day, receiving KRW 100 million in prize money. The final demo day was held at COMEUP, Korea’s signature startup conference. The K-Startup Grand Challenge, launched in 2016,...
Galaxy Corporation Secures KRW 100 B Investment, Achieves Unicorn Status
Galaxy Corporation, an AI entertainment technology company, has completed a pre-IPO funding round exceeding KRW 100 billion, earning unicorn status. The company, which began operations in 2019 has now raised a cumulative total of over KRW 180 billion in investments,...
S.Korea's Largest Startup Festival COMEUP2025 Kicks off in Seoul
COMEUP 2025, Korea’s signature global startup festival, commenced on Wednesday at COEX in Seoul, marking its largest international gathering to date. The event garnered significant industry attention as headline speaker Tareq Amin, CEO of Saudi Arabia’s state-owned AI powerhouse Humain,...
Korea Finalizes USD 11.32B Budget for Startups in 2026
The Ministry of SMEs and Startups (MSS), led by Minister Han Seongsook, announced that the National Assembly has approved a total expenditure of KRW 16.5233 trillion (USD 11.32 billion) for 2026 – an increase of KRW 1.2745 trillion (USD 870...
AITRICS Raises KRW 35 Billion in Series C Funding
AITRICS, a medical AI company specializing in biosignal-based solutions, has raised KRW 35 billion in its Series C funding round, bringing its total accumulated investment to KRW 73.1 billion. The round was led by existing investors including Premier Partners, Han...
7 Startups Showcase at K-Digital Grand Championship Finals
The Ministry of Science and ICT held the finals of the K-Digital Grand Championship on December 3rd, an annual competition to discover and support the nation’s top early-stage startups in artificial intelligence and digital fields. Now in its fourth year,...
Korea Nears 1,000 'Venture Billion' Firms
The Ministry of SMEs and Startups (MSS) with the Korea Venture Business Association hosted the 2025 Venture Billion Ceremony on Thursday, 27 November, at EL Tower in Seoul. ”Venture Billion” refers to Korean venture companies that record annual revenues of...
Korea Fintech Week Kicks Off Highlighting Potential of AI and Personalization of Finance
The Financial Services Commission announced that the 2025 Korea Fintech Week has kicked off on November 26 for three days until November 28 at aT Center in Seoul with participation from major domestic and overseas fintech businesses, financial companies, associated...