Domestic News
Exit/Investment
B2B AI startup 'Dalpa' secures KRW 1.2 billion in pre-Series A funding
Fashion recommerce 'Charan' secures KRW 1 billion in Series A funding
Clothing supply chain digital transformation 'Sige' secures KRW 2 billion in pre-Series A funding
Snoring management 'The Sleep Factory' secures KRW 2 billion in Series A funding
Foreigner residency support 'Higher Diversity' secures KRW 1 billion in investment
Agricultural IP startup 'Robus Company' secures KRW 500 million in seed funding
Molecula Innovations secures KRW 200 million in seed funding
SW/AI EdTech 'Codemos' secures Series A funding
Used clothing collection service 'Recle' secures Series A funding
Home appliance/household goods subscription 'Zello' operator Overmaps secures investment
Targeted marketing 'Team Limited' secures seed funding from a UK-based VC
Web3 game platform 'Iskra' secures investment from Animoca Brands
Delightroom makes a strategic investment in digital healthcare 'Soundable Health'
Wadiz reduces operating loss last year and plans to pursue IPO this year
Innospace passes the KOSDAQ preliminary listing review
Lunit issues convertible bonds to secure funds for the acquisition of 'Volpara'
Kakao issues KRW 285 billion in exchangeable bonds to secure AI funding
Shinhan Venture Investment achieves AUM of KRW 1.6 trillion, anticipating performance-based fees this year
Performance/Indicators
Kakao's authentication service surpasses 40 million users in just over three years since its launch
Men's fashion platform 'Lookpin' sees a 3,000% increase in operating profit year-on-year and achieves 8 consecutive years of profitability
AI/SW EdTech 'Gureum' achieves KRW 14.4 billion in revenue last year and records two consecutive years of profitability
Adult education platform 'Day One Company' records KRW 1.1 billion in operating profit last year, marking a return to profitability
Qanda is selected as one of Time Magazine's '2024 Top 250 EdTech Companies in the World'
Enoema's 'Todo' school service is adopted by over 430 elementary schools
OpsNow achieves a 65% reduction in cloud costs and expands into the US market
WiseAI acquires 9 AI chatbot patents in Japan
Toss Insurance surpasses 1,500 face-to-face sales agents
High obtains confirmation of clinical trial approval for its dementia diagnostic digital medical device
EasyBreed receives MFDS approval for its respiratory rehabilitation digital therapeutic device
Nool presents two clinical performance research findings at the African Society of Cardiology
Beauty lens platform 'Wink' surpasses 1 million cumulative downloads
Modoo's Parking achieves a 38% year-on-year growth in monthly regular parking passes
Ably sees a two-fold increase in transaction volume for its fast delivery service 'Shak Chulbal'
Launch/Update
Naver Cloud launches a new HyperCLOVA X model called 'Dash'
Naver's Knowledge iN allows unlimited answers and selections without question deadlines
DeepL launches its AI writing assistant 'DeepL Write Pro' in Korea
Remote, a decentralized workforce hiring and management platform, launches its Korean service
AnyAI opens a hamburger cooking robot demo center in New York
Needer opens its AI chatbot 'Geupgutok'
SKT launches an AI simultaneous interpretation solution
Hyundai Motor Company launches its electric commercial vehicle platform 'ST1'
Kakao Mobility opens its electric vehicle charging service 'AutoCharging'
Kakao Mobility launches its robot delivery service 'Bring'
Kakao Pay plans to launch its refund-type transportation card 'K-Pass' next month
Mobviation launches 'Bon Air', a helicopter call service between Gangnam and Incheon Airport
DeepSearch launches 'Listing', a platform for small-scale M&A brokerage
Zangle launches 'Zangle ERP', an integrated ERP solution for Web3
Adjust launches 'Insight', an AI mobile analytics platform
Mathematics with Heart launches a customized middle school mathematics AI courseware
Partnered Services
WeFun | Why did WeFun acquire an in-house cafe company?
QuotaBook | A stock/stock option platform used by Toss and Danggeun
Fricks | Contract management SaaS - from electronic contracts to tax invoices
Sync | Schedule meetings in just one minute
WiseApp/Retail | Korean app usage, payment, and online purchase data
Policy/Support
MSS, launches the KRW 800 billion 'Startup Korea Fund'
Mother Fund revives its regional account after four years, establishing a KRW 8 billion fund
MSS establishes a regional angel investment hub in Gyeongbuk
MSS faces prolonged vacancies in the heads of its affiliated organizations
MOST faces a two-month delay in director-level appointments
MOLIT launches a unified public MaaS app for kickboards, aviation, and other services
KOSSCO launches 'Innovation 1,' a solution to address the complex needs of businesses
KDB holds a startup investment event in Silicon Valley, USA
KDB plans to establish 'KDB Next One Busan'
Woori Financial Group opens a DinoLab Vietnam Center in Hanoi
Sofoo Ventures recruits participants for climate-focused acceleration programs
MYSC recruits participating companies for the 2024 Marine and Fisheries Acceleration Program
Asan Nanum Foundation publishes case studies of 9 climate tech and femtech companies
Industry Trends
Japanese government pressures Naver to sell its Line stake
Naver and Kakao's startup investments reach a record low
Kakao reconsiders the use of its English name
→Kakao Games discontinues the use of its English name
Toss and Shinsegae's SSG/Smilepay sale falls through
Coupang refutes allegations of preferential treatment for PB products
ZigZag terminates its new business 'Zigzag Mate' after 11 months
EnLight completes a 3MW rooftop solar power plant for Daedong Mobility
Kakao Mobility implements a 2.8% commission rate and fulfills its win-win agreement
Kakao Entertainment holds its in-house tech conference 'EnSight 24'
Nursing startup 'Caring' sends outstanding employees on an overseas training program to Japan
WantedLab hosts the 'Youth Career Summit' with the Vietnamese Student Association
FuturePlay partners with Briscan Young, a C-level specialized headhunting firm
MYSC appoints Won-Joong Lee as a Venture Partner specializing in the F&B sector
T-Order actively pursues its entry into the US market, dispatching Vice President Woo-Jae Lee
Milli's Library operates a pop-up store at The Hyundai Seoul
Buzzvil and Queenitt partner on the Buzzbenefit solution
Inflearn and GBSA host a Pangyo after-work meetup
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