GenGenAI Secures KRW 12B for Defense AI Data
GenGenAI, a South Korean artificial intelligence startup specializing in synthetic data technology, has secured 12 billion KRW in Series A funding. The investment round was led by Korea Aerospace Industries (KAI), which contributed approximately 6 billion KRW, acquiring a 9.87%...
Survey Reveals Korean Female founded business profits falling
The Korean government has released its 2024 Women’s Enterprise Survey, highlighting a nuanced landscape for women-owned businesses in 2023. The report indicates that while these enterprises showed improvements in stability and productivity, they simultaneously experienced declines in profitability and business...
Seadronix Secures KRW 15 billion in Series B Funding
Seadronix, an AI-powered autonomous ship navigation solutions secured KRW 15 billion (approx. USD 11.3 million) in Series B funding. This investment round welcomed new investors, including LB Investment, KB Investment, and the Korea Development Bank, while existing investors such as Wonik Investment Partners...
Balaan Secures KRW 15B to Fuel Global Expansion
South Korean luxury e-commerce platform Balaan has secured 15 billion won in a new funding round, marking a major milestone as it continues to navigate challenges since its founding in 2015. The investment, led by Silicon Two, follows a conditional...
JLT Raises KRW 23 Billion for Robotics Automation
JLT, a robotics automation company, has secured a Series B investment of KRW 23 billion. The funding round was led by Stonebridge Ventures and included participation from Partners Investment, SJ Investment Partners, and Silicon Valley-based deep tech investor Millennium New...
Korea-Japan Launch KRW 29B Venture Fund
South Korea’s Ministry of SMEs and Startups has taken a major step toward strengthening economic ties with Japan by hosting the Korea-Japan Venture Startup Investment Summit 2025 in Tokyo. The summit, aimed at fostering cross-border investment and collaboration, saw the...
S. Korea Aims to Foster 5 AI Unicorns by 2027
South Korea is taking significant steps to bolster its position in the rapidly evolving global AI market. The country recently held its third National Artificial Intelligence Committee meeting, where it outlined an ambitious plan to propel South Korea into the...
2nd Korea-Japan Bio Ecosystem Roundtable held in Tokyo
The 2nd Korea-Japan Bio Ecosystem Roundtable took place in Tokyo, uniting Korean biotech firms and Japanese pharmaceutical giants to strengthen collaboration and strategize for global expansion. Designed to deepen biotech cooperation between Korea and Japan, the roundtable provided a platform...
AI Medical Solution Connecteve Raises KRW 14B
Connecteve, a Korean startup specializing in AI medical software and surgical robotics for musculoskeletal disorders, has announced the successful completion of its Series A funding round, securing 14 billion KRW. Founded by Professor Noh Doo-hyun, an orthopedic specialist at Seoul...
at home Secures KRW 18 Billion in Series A Funding
at home, a South Korean home lifestyle solution company, has raised KRW 18 billion in a Series A funding round. This marks the company’s first investment since its founding in 2018, seven years ago. Founded in 2018 with the motto...
S.Korea Blocks Deepseek Downloads over privacy concerns
South Korea’s data protection authority has suspended new downloads of the Chinese AI app DeepSeek, citing non-compliance with the country’s personal data protection regulations. The Personal Information Protection Commission (PIPC) announced on Monday that the restriction took effect on Saturday...
Karrot hits 2 Million Users in Canada
Karrot, the global secondhand market app operated by South Korean tech company Danggeun, has surpassed 2 million cumulative users in Canada, marking a significant milestone in its international growth. This achievement comes just eight months after the service reached 1...
S.Korea to Open Crypto Market to Corporations in 2025
South Korea is set to allow corporate entities to invest in cryptocurrencies, marking a major policy shift. The Financial Services Commission (FSC) plans to open the market in phases, starting with nonprofit organizations in early 2025 and expanding to listed...
Gangnam Unni raises KRW 42.8B to Fuel Global Expansion
Healing Paper, the operator of Gangnam Unni, South Korea’s leading plastic surgery information platform, has secured 42.8 billion won in Series C funding. The round saw participation from prominent Korean investors, including Korea Investment Partners, Shinhan Venture Investment, KT Investment,...
2024 Korean Venture Investment Shows Strong Rebound
The Korean venture investment market demonstrated a strong recovery in 2024, according to the 2024 Korean Venture Investment report released by the government. Total venture investment for the year reached 11.9 trillion KRW, marking a 47.5% increase compared to pre-COVID-19...
Seoul AI Hub Expands Support to Strengthen AI Startup Ecosystem
As artificial intelligence (AI) continues to redefine industries, AI startups are becoming prime targets for investment. In Korea, one institution is at the forefront of discovering and fostering these startups: the Seoul AI Hub. Established by the Seoul Metropolitan Government,...