Global Startup Ecosystem Report
Scope
Date
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Fintech
Samsung, 4 Korean banks to foster financial software engineers
Samsung Electronics Co. and South Korea’s four commercial banks – Shinhan, KB Kookmin, Hana and Woori – have agreed to help suppor...
Jun 27, 2023 (Gmt+09:00)
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Beauty & Cosmetics
Amorepacific to strengthen partnership with A.S. Watson
South Korean beauty and cosmetics giant Amorepacific Group announced on Tuesday that it has signed a memorandum of understanding with A.S. Watson ...
Jun 27, 2023 (Gmt+09:00)
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Logistics
S.Korea breaks into World Bank's global logistics top 20 list for 1st time
South Korea’s logistics performance has ranked 17th in the world, marking its first entry into the top 20 nations, as assessed by the World Ba...
Jun 26, 2023 (Gmt+09:00)
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Energy
Vestas to relocate Asia-Pacific HQ to Seoul in September
Denmark-based Vestas, the world's top wind turbine manufacturer, is set to move its Asia-Pacific regional headquarters from Singapore to South Korea...
Jun 26, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia surpass 10mn global connected car subscribers
Hyundai Motor Group announced on Monday that the global number of subscribers to the connected car services of Hyundai Motor Co. and Kia Corp, first...
Jun 26, 2023 (Gmt+09:00)
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Electronics
Samsung, LG fuel rivalry in global hospitality TV market
Samsung Electronics Co. and LG Electronics Inc., two leading players in the global hospitality TV market, are extending their rivalry in the premium...
Jun 25, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE breaks ground on marine engine plant in Saudi Arabia
HD Korea Shipbuilding & Offshore Engineering (KSOE) said on Sunday its joint venture Makeen has broken ground on a marine engine plant in Saudi ...
Jun 25, 2023 (Gmt+09:00)
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Bio & Pharma
Asan Medical Center to establish digestive disease hospital in Dubai
Asan Medical Center announced plans on Thursday to establish a 65-bed gastrointestinal specialized hospital in Dubai Healthcare City in Dubai, UAE, ...
Jun 23, 2023 (Gmt+09:00)
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Private equity
Central Europe’s fast-growing economy attracts global investors: Abris
More investors choose safer assets in developed regions such as the US and Western Europe today with rate hikes and liquidity tightening. But Poland-b...
Jun 23, 2023 (Gmt+09:00)
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Fashion
Nike to open its 3rd Jordan World of Flight store in Seoul
Nike Inc. is set to open its Jordan World of Flight in Seoul, a store dedicated to Jordan brand streetwear and sports shoes, on Wednesday. It will b...
Jun 22, 2023 (Gmt+09:00)
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Bio & Pharma
Kakao Healthcare ties up with Dexcom for global diabetes biz
South Korea’s Kakao Healthcare Corp. has taken a step forward to expand its business into the global market by collaborating with US medical d...
Jun 22, 2023 (Gmt+09:00)
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Metaverse
Startup Spatial looks to become YouTube in metaverse
Metaverse platform startup Spatial aims to grow into a company that allows users to enjoy interactive content together, as COVID-19 has increased th...
Jun 22, 2023 (Gmt+09:00)
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Korean startups
S.Korea has just 1.2% of world's corporate unicorns: study
Among 10 major economies worldwide, South Korea's global share of unicorn companies, or startups with a corporate value of over $1 billion, has shru...
Jun 22, 2023 (Gmt+09:00)
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Korean startups
Seoul to build world's largest startup campus by 2030
The Seoul Metropolitan Government will establish the world’s largest startup campus in the capital city of South Korea by 2030, benchmarking S...
Jun 21, 2023 (Gmt+09:00)
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Electronics
SK Group to host global forum in Silicon Valley
The top executives of South Korea's SK Innovation Co. and SK Hynix Inc. will discuss future growth strategies with outstanding global talent in Sili...
Jun 21, 2023 (Gmt+09:00)
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Corporate strategy
Samsung Electronics holds biannual global strategy meeting
Samsung Electronics Co. on Tuesday launched its three-day global strategy meeting, a biannual event held in June and December where major executives...
Jun 21, 2023 (Gmt+09:00)
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Food & Beverage
HiteJinro tops global distilled liquor sales for 22nd consecutive year
South Korea’s leading soju maker HiteJinro Co. announced on Wednesday that it dominated the global distilled liquor market for the 22nd year i...
Jun 21, 2023 (Gmt+09:00)
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Artificial intelligence
Naver’s AI translation app Papago surpasses 10 mn MAU
The global monthly active user (MAU) number of Naver Corp.'s artificial intelligence (AI) translation app, Papago, has surpassed 10 million users, a...
Jun 21, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai Motor Way: New strategy to accelerate EV push
South Korea’s top automaker Hyundai Motor Group on Tuesday set out its vision to become a top-tier eco-friendly auto brand by accelerating its...
Jun 20, 2023 (Gmt+09:00)
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Electric vehicles
Tmap Mobility to launch EV charging delivery service
South Korean navigation app company Tmap Mobility announced on Tuesday that it will launch a mobile electric vehicle (EV) charging delivery service ...
Jun 20, 2023 (Gmt+09:00)
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Korean chipmakers
Openedges develops interface supporting Samsung's 5nm process
Openedges Technology, South Korean semiconductor design intellectual property (IP) platform, announced on Tuesday its plans to produce physical...
Jun 20, 2023 (Gmt+09:00)
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Batteries
LG Energy selects 10 promising global startups in battery area
South Korea's battery maker LG Energy Solution Ltd. announced on Tuesday that it will strengthen collaboration with global startups with high growth...
Jun 20, 2023 (Gmt+09:00)
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Artificial intelligence
Microsoft defies media report of issues in tie with OpenAI
REDMOND, WASHINGTON – A Microsoft Corp.’s key executive defied a media report that its partnership with OpenAI, the developer of the glo...
Jun 19, 2023 (Gmt+09:00)
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Korean chipmakers
S.Korea's chip pioneer Amkor aims to rule packaging sector
The history of semiconductors in South Korea, a global tech powerhouse with the world’s two largest memory chipmakers, Samsung Electronics Co....
Jun 18, 2023 (Gmt+09:00)
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Venture capital
Vertex Ventures US upbeat for data startups
The healthcare, manufacturing, mobility and retail sectors were slower to adopt digital technologies than the telecom and e-commerce industries in...
Jun 16, 2023 (Gmt+09:00)
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Entertainment
K-content makers to list on Nasdaq via $610 mn SPAC deal
Seven South Korean content makers are set to list on the Nasdaq through a $610 million merger deal with a special purpose acquisition company (SPAC)...
Jun 16, 2023 (Gmt+09:00)
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QNES Global Co.
Key facts Industry Injection molding Mainstay products/services Micro injection molding, on-demand product/mold development to productio...
Jun 16, 2023 (Gmt+09:00)
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Beauty & Cosmetics
S.Korean gov't, L'Oréal to jointly support beauty tech startups
South Korean Ministry of SMEs and Startups has joined forces with the L'Oréal Group to provide support for beauty tech startups.During the Vi...
Jun 16, 2023 (Gmt+09:00)
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Logistics
CJ Logistics, Evergreen sign agreement for logistics cooperation
South Korea's CJ Logistics has entered into mutual cooperation with the Taiwan-based global shipping company Evergreen Marine Corporation for the ...
Jun 16, 2023 (Gmt+09:00)
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Korean startups
Generative AI startup Wrtn attracts nearly $12 mn in investment
South Korea's advanced tech startup Wrtn Technologies, a major player in generative artificial intelligence (AI), has attracted investment of 15 bil...
Jun 16, 2023 (Gmt+09:00)
Latest News
- 1 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 2 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 3 AI startup MarqVision raises $16.5 mn to close Series A
- 4 Taihan Cable wins $630 mn power grid project in Singapore
- 5 Korean startup scene is gloomy, say 2 out of 5 startup CEOs