October 2019
A brief collection of Korea’s key tech, startup and funding news from October of 2019.
News items below are taken from our ongoing news feed:
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- Korea Blockchain Ratings launches to examine the technical and business feasibility of blockchain projects, aiming to deliver reliable info to investors
- A brief look at some of the blockchain projects being undertaken by major Korean companies
- Samsung in China: A few years back, 1 in 5 smartphones sold in-country made by Samsung; today, it’s shutting down its last factory
- An overview of the growing activities and investments by South Korean VC funds across Southeast Asia
- South Korea: ICONLOOP blockchain secures $8M Series A with digital identification services focusing on banks, security firms, e-commerce and manufacturing
- South Korea: Mathpresso edu-tech startup and developer of tutoring app Qanda raises $14.5M on back of Vietnam, Singapore, Japan and Indonesia presence
- South Korea: SoftBank Ventures Asia Corp VC unit partners Korea Venture Investment Corp for AI-focused fund to groom Korean AI startups
- Korea-India fintech True Balance raises $23M with 300K daily digital transactions; gains non-banking financial company license from Reserve Bank of India
- South Korea: Seoul Metropolitan City unveils plan to become ‘Global Open Platform City’, aiming to foster international startups
- South Korea: Payvil cross-border mobile payments platform expands services to Hong Kong and Thailand, with sights on 16-country coverage by year-end
- South Korea: An intro to Neocomix, animated ‘webtoon’ publishing management startup with sights set on South America, India and wider Southeast Asia
- South Korea: An intro to Willim’s 3linediary app, ’emotional content’ platform that helps users capture life experiences in 3 lines and a photo
- South Korea: Doongle social media app aims to be the platform for global travelers to make local friends
- South Korea: Coinplug blockchain startup raises $6.4M with bitcoin exchange, wallet and payment processing services
- South Korea: HAII launches Chemi dating app, using AI and an algorithm to analyze voice characteristics and content to recommend a compatible partner
- India: Bithumb Global, South Korean crypto and token exchange, to open crypto exchange in India despite anti-cryptocurrency climate
- Vietnam: South Korea’s Woori Financial Group launches Digital Innovation Lab Vietnam to strengthen ties between Korean and Vietnamese fintech startups
