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,...
UKF 82 Startup Summit 2025 Showcases K-Startups
The UKF 82 Startup Summit 2025 took place on January 10 (local time), bringing together Korean venture investors and startups in the United States. Organized by United Korean Founders (UKF) with support from the Ministry of SMEs and Startups (MSS),...
COMEUP 2024, Korea’s Largest Startup Event, Kicks Off in Seoul
COMEUP 2024, Korea’s premier global startup event, commenced on Wednesday at COEX in Seoul. Held under the theme Innovation Beyond Borders, the two-day event (December 11-12) brings together entrepreneurs, investors, and key stakeholders from over 40 countries, providing a platform...
13th Chung Ju-yung Startup Competition Unveils 12 promising Korean Startups
The Asan Nanum Foundation held its 13th annual Chung Ju-yung Startup Competition, highlighting 12 promising startups across early-stage and growth tracks. The competition, which saw a record-breaking 47:1 application ratio, culminated in a Demo Day event on the 7th. Big...
D.CAMP Launches Global Internship Program to Connect K-Startups with International Students
The Banks Foundation for Young Entrepreneurs (D.camp) kicked off its first Global Interns for Startups program at Front1 Building in Gongdeok, Seoul. The initiative aims to bridge the gap between Korean startups with global products and the growing pool of...
S.Korea Launches Startup Special Visa to Attract Global Entrepreneurs
The Korean government has introduced the Startup Korea Special Visa, a new initiative aimed at attracting foreign entrepreneurs and innovative startups to the country. The program, which officially opened for applications, marks a significant step in Korea’s efforts to enhance...
24 K-Starups showcase at TechCrunch Disrupt 2024
24 Korean startups took the spotlight at TechCrunch Disrupt, the largest startup event in the United States, held this year in San Francisco. These startups were part of the Korea Pavilion, organized in collaboration by the KOTRA, KITRI (Korea Information...
What Made TRY Everything 2024 Special?
The global startup festival Try Everything 2024 convened at Dongdaemun Design Plaza (DDP) from September 11-12, 2024. Building on the success of the previous year’s event, which attracted 566 local and international startup ecosystem experts and 563 investment institutions, resulting...
Startups Backed by LG Showcase at LG Superstart Day 2024
LG’s open innovation platform, Superstart, held the open innovation festival ‘Superstart Day 2024’ from September 4th to 5th at LG Science Park in Magok. This year’s event keyword was ‘PLAY’, conveying the message that innovation that changes the world is...
4 Korean Startups Reach EWC Finals at BIBAN 2024
Four South Korean startups have secured their spots in the upcoming Entrepreneurship World Cup (EWC) Finals, set to take place in Saudi Arabia. The Entrepreneurship World Cup stands as one of the most extensive and diverse pitch competitions globally, offering...
S. Korea offers $45K grants to foreign startups
The Korean government is recruiting foreign entrepreneurs who have started businesses in Korea and providing support such as funding for business development. This announcement aims to promote domestic startup creation by foreign entrepreneurs with technological capabilities. The recruitment targets (prospective)...
S. Korea Launches Global Startup Center to Support Foreign Entrepreneurs
The South Korean government has announced the opening of a Global Startup Center aimed at supporting foreign entrepreneurs looking to establish businesses in the country. This initiative marks a significant step in Korea’s efforts to attract international talent and foster...
Deep Tech Startups Lead funding Recovery in Korea
The South Korean government has released a report on investment trends in deep tech startups* for the first half of 2024, revealing a significant surge in the sector. Deep tech startups are spearheading the recovery of venture investments in South...
Korea to build Dual-Location Startup Hub: Hongdae and Busan
Korea Station F, set to function as a global startup hub, will be established in two locations: Seoul’s Hongdae district and Busan’s North Port area. Modeled after France’s Station F(the world’s largest startup incubator), this initiative is part of the...
Brite Energy Partners Secures $78M from BlackRock
Brite Energy Partners (BEP) has secured a $78 million investment from funds managed by BlackRock’s Climate Infrastructure division. This marks BlackRock’s fourth investment in BEP, with the initial investment made in August 2021. BEP is an independent power producer (IPP)...