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Big Banks in Korea Invests in Startups through Strategic Funds
Banks in Korea such as KDB, Shinhan, and KB have participated in a variety of venture and growth funding rounds for innovative startups in Korea. While most are interested in the fintech sector, the latest investments also show their interest in new emerging technologies such as AI and Blockchain.…
6 Mistakes Global Brands Make When Entering South Korea
Having a localization strategy is key when entering new markets. This is no different for entering South Korea. South Korea is a fast-growing market for global brands looking to target tech-friendly consumers. The retail eCommerce space alone is estimated to reach $100 billion by 2024. South Korea…
N15 Partners Supports Korean Traditional Culture Startups
The 2020 Young Entrepreneurship Support Project for Korean Traditional Culture, a campaign hosted by the Ministry of Culture, Sports, and Tourism and organized by the Korea Craft & Design Foundation, was a huge success. In November 2020, the project opened applications to support early-stage…
Korean Gaming Startups Attracting A Lot of Attention from Investors
Korean Gaming Startups are attracting a lot of attention from investors. South Korea has been a major market for mobile and computer gaming companies. They have the fourth largest gaming industry in the world. However, Korea is #1 when it comes to gamer penetration at 56%. Mobile gaming is played…
Top Facial recognition startups in Korea using AI technology
What is facial recognition technology? It is a biometric software application that can verify or identify a person just by their facial features. The data collected is analyzed alongside a database of faces using machine learning algorithms. China has gotten a lot of attention for using facial…
Drug Discovery Startups in Korea Leading the Drug Development Industry
More and more drug discovery startups in Korea are incorporating AI technology in their drug development process. Drug development in Korea is a long process with many trials and regulatory hurdles that startups need to address. It is not uncommon for biotech startups in Korea to do over a decade…
