SME/Startups | BusinessKorea

Wednesday, February 22, 2017

SME/Startups

A S. Korean startup “Opus One” has developed a smart umbrella, which tells if it’s going to rain using Internet of Things (IoT) technology, for the first time in the world.
Smart Umbrella
20 February 2017 - 12:00pm
When you rush to leave home in the mornings and see an umbrella, you suddenly become curious about the weather forecast. But, it is often inconvenient to take your cellphone out of your pocket and...
The South Korean government will raise a fund of funds of 735 billion won (US$625 million) this year, up 21.5% from a year earlier.
Fund of Funds
14 February 2017 - 3:15pm
The Small and Medium Business Administration (SMBA) of South Korea announced on February 13 that it would raise a fund of funds of 735 billion won (US$625 million) this year, up 21.5% from a year...
Cho Hyung-jin, CEO of Salted Venture.
Recognized Globally
10 February 2017 - 11:45am
K-ICT Born2Global Center (Born2Global), a major Korean government agency supporting startups under the Ministry of Science, ICT and Future Planning (MSIP), announced that Salted Venture, a member of...
Chairman Yim Jong-yong (center in the picture above) of the Financial Services Commission of South Korea attended a ceremony in Seoul on January 24 to celebrate the first anniversary of crowdfunding in the country.
Soft Landing
25 January 2017 - 11:45am
According to the Financial Services Commission, a total of 116 small and medium-sized enterprises (SMEs) and venture firms in South Korea financed 18 billion won (US$15 million) during the first year...
David Sehyeon Baek, Director of Global Cooperation at GCCEI
Consistency Needed
12 January 2017 - 1:00pm
Gyeonggi Center for Creative Economy and Innovation (GCCEI) has been a new buzzword in town because of its unique model of the collaboration between the Korean central or local governments and large...
Yoo Chang-hun, CEO of Ssenstone
Integrated Authentication Startup
9 January 2017 - 12:00pm
Ssenstone (www.SSenStone.com), a security authentication solution provider announced that the company aimed to reach 5 billion in sales at home overseas and 2 billion won in sales abroad this year in...
The Korean government launched the Hidden Champion Project for this year on January 4, which consists of the World Class 300 & Global Industry Leader Project and the Global Hidden Champion Project.
Korean Hidden Champions
5 January 2017 - 1:15pm
The Small & Medium Business Administration and the Ministry of Trade, Industry & Energy announced the launching of their Hidden Champion Project for this year on January 4. The project is...
Shin Se-eun (right of the center), CEO of BbuzzArt and its employees.
Art Social Platform
5 January 2017 - 11:30am
BBuzzArt, a developer of a global art social platform, successfully induced KRW 2 billion won worth of investment. K-ICT, a start-up support-specialized organization, announced on January 4 that...
Korean Venture Organizations Open Trade Brokering Platform 'Global Ventures'
Trade Platform
3 January 2017 - 12:15pm
The Small and Medium Business Administration (SMBA) and the Korea Venture Business Association (KVBA) officially opened a platform for trade brokerage with foreign buyers to promote Korean small and...
The number of venture firms which surpassed 100 billion won (US$82.47 million) of sales increased seven times to 474 after 2004.
Success Story
29 December 2016 - 10:15am
Regardless of economic recession, innovative products made by venture firms have been selling like hotcakes. According to “2016 Venture Firm Survey” released by the Small and Medium Business...
Tech Incubator Program
23 December 2016 - 12:00pm
By 2020, the Korean government unveiled its vision to foster 1,200 Tech Incubator Program for Startup Korea (TIPS) business foundation teams and draw 3.8 trillion won (US$3.4 billion) in private...
The Small and Medium Business Administration (SMBA) signed an MOU with France-based venture capital firm Idinvest Partners on Dec. 13 to create a joint fund worth 120 billion won (US$102.83 million).
Joint Fund Creation
14 December 2016 - 2:30pm
The Small and Medium Business Administration (SMBA) and Korea Venture Investment signed a memorandum of understanding (MOU) with France-based venture capital firm Idinvest Partners on December 13 to...

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