Alternative Protein Startup INTAKE Raises KRW 13.5B in Series C Funding
Seoul-based bio and food tech company INTAKE has raised KRW 13.5 billion in Series C funding to accelerate its alternative protein business. Notable participants in the Series C round include HB Investment, CJ Investment, Woori Venture Partners, KDB Sanyeon Capital,...
Waste Management Startup Reco Secures KRW 58.5 billion
South Korea-based waste management startup Reco has secured KRW 58.5 billion in Series C funding to enhance its technology-driven waste processing solutions. The funding round was led by Ingka Investments, the investment arm of Ingka Group, with additional backing from...
Seoul Invests 13.8 Billion Won in BioHub to Boost Biotech Innovation
The Seoul Metropolitan Government has invested 13.8 billion won in the Seoul BioHub, a specialized facility in Hongneung dedicated to fostering the biotech and medical industries. This initiative aims to support promising startups throughout their entire development cycle—from discovery and...
AI Startup Wrtn Technologies Secures KRW 108 Billion in Series B Funding
Artificial intelligence service platform Wrtn Technologies has secured an additional 830 million KRW in funding, completing its Series B round at a total of 108 billion KRW. This latest investment brings Wrtn Technologies’ cumulative funding to approximately 130 billion KRW....
Kakao Ventures Backs Seven Logistics Startups
Kakao Ventures, a leading early-stage investor in startups, hosted a Brown Bag Meeting at Maru360 in Yeoksam-dong, Seoul, on the 27th. This recurring networking event connects Kakao Ventures-backed startups with media representatives. This session was themed KV Logistics Family Going...
Legal AI Startup BHSN Secures KRW 10 Billion in Series B Funding
South Korean legal AI startup BHSN has raised 10 billion KRW in a Series B funding round. The investment was led by existing backer Altos Ventures, with new participation from Korea Development Bank and Woori Financial Capital. This latest funding...
D.Camp selects Batch2 Startups
D-Camp has selected the second cohort of its startup support program and recently held the first orientation for the new batch. Last year, D-Camp introduced “D-Camp 2.0” and transitioned to a batch-based system designed to support startups from the pre-Series...
Seoul to Support 1,000 Startups Through Campus Town
The Seoul Metropolitan Government is investing 21.2 billion won this year to support 1,000 startups across 20 universities through its campus town initiative. The program is designed to provide structured support, equipping student and alumni entrepreneurs with the necessary resources...
Anthropic Expands into Asia-Pacific, Including Korea
Anthropic held its first official event in South Korea, the Korea Builder Summit, on March 19 at Signiel Seoul in Jamsil, Seoul. Co-hosted by AI reliability company Coxwave, the event aimed to foster engagement with Korean developers and featured key...
Daejeon Startup Park Opens to Support Local Startups
Daejeon Startup Park, a new innovation cluster designed to support startups, has officially opened. Established by the Ministry of SMEs and Startups in collaboration with the city of Daejeon, it is the second startup park in South Korea following the...
Busan Unveils Key Funding Strategies for Local Startups
Busan City has announced a detailed investment support strategy aimed at fostering a thriving venture ecosystem, covering the entire lifecycle of startups from early-stage growth to scale-ups and IPOs. As part of its long-term vision, the city plans to establish...
Korea Offers KRW 60M Grants to Foreign Startups
The Ministry of SMEs and Startups has announced the launch of the 2025 Global Startup Commercialization Support Program, offering financial support of up to 60 million won to foreign entrepreneurs and overseas startups looking to establish businesses in Korea. Recruitment...
Han Pass Raises KRW 10B to Fuel Super App Expansion
Han Pass, the fintech company focused on providing financial services to foreign residents, has secured KRW 10 billion in Series D investment from the Korea Development Bank. The latest funding round comes just one year after the company’s Series C...
Primer Showcases Nine Startups at 25th Batch Demo Day
Primer hosted its 25th Demo Day on March 11, spotlighting nine emerging startups from its portfolio. Founded in 2010, Primer is a South Korean startup accelerator that discovers early-stage startups and helps them grow through mentoring and education. Since 2015,...
Korea Backs SMEs Hit by U.S. Tariffs
In response to the U.S. government’s imposition of tariffs on steel and aluminum imports, South Korea’s Ministry of SMEs and Startups (MSS) has unveiled a comprehensive support package to assist affected small and medium-sized enterprises (SMEs). Following a visit by...
Seoul to Nurture 800 startups through Four Seoul Startup Hubs
Seoul City is strengthening support across five key areas through its four Seoul Startup Hubs (Gongdeok, M+, Seongsu, and Changdong) to ensure that local startups maintain their growth momentum despite the prolonged economic downturn. The city plans to invest 26.5...