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LAC-Korea creates $82M fund for boosting Korean startups

LAC-Korea Startup Fund(Latin America and the Caribbean-Korea Startup Fund) with USD 82 million will be established for investing in Korean startups. Born2Global Centre(Director Jongkap Kim) announced on August 14th that it will form a fund of USD 82 million (KRW 100 billion) by jointly investing with Fund of Funds and IDB Lab, which is an innovation lab of Inter-American Development Bank (IDB). Through this fund formation, Born2Global Centre(Born2Global) will serve as a bridge for Korean startups to enter the Latin American markets.

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[Born2Global’s Picks] The 10 Most Promising Unicorns

Korea’s successful rise in the unicorn rankings can be seen as the result of the mobile revolution and venture boom in Korea that started in the late 2000s. Currently, the startup ecosystem in Korea is flourishing as investors are raising a lot of new money to find the next unicorn, and there are more opportunities than ever before. As the number of new venture investments and newly established corporations continues to rise, a second venture boom is becoming more visible.

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President Moon heads home after finishing 3-nation SE Asian tour

President Moon Jae-in on Sept. 6 wrapped up his three-nation tour of Southeast Asia and headed home for Korea. Through his visits to Thailand, Myanmar and Laos over six days, he drew support for his New Southern Policy and reaffirmed the active cooperation of the three countries. The president focused on boosting Korea's cooperative relations with the Association of Southeast Asian Nations (ASEAN) amid the realignment of the global value chain due to Japan's export restrictions on Korea.

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Only 5 minutes a day get you a better vision. Digital vision therapy goggles, Otus.

“Nowadays, too much screen time is threatening people’s eye health. Our priority is to protect eye health in a harmful environment with our digital vision therapy device,” said Sungyong Park, CEO of Edenlux. The company released a vision therapy product, Otus in May 2019. This goggle type-vision therapy product helps to improve the average visual acuity of people by having eye muscles exercise 5 minutes everyday.

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DIVEROID Mini turns your smartphone into scuba diving device.

Diveroid Mini is a modular accessory for Scuba diving which can be connected to a smartphone to turn it into scuba diving device with 6 features: Diving Computer, compass, underwater camera, photo editing, recoding logbook, sharing items. In general, to deal with all the features, users need lots of equipment worth approximately $3,000. However, Diveroid Mini, the all-in-one device, costs only $100 for all functions. The operation process is as easy as you can imagine. Connecting DIVEROID App to Mini through Bluetooth enables scuba divers to use all the 6 functions while diving.

startups of the week

    • 1 Riiid
      Headquarters

      29, Teheran-ro 87-gil, Gangnam-gu, Seoul, Republic of Korea

      Description

      Riiid is bring creative disruption to education market through AI technology.

    • 2 SendBird
      Headquarters

      541 Jefferson Ave. Suite 100 SendBird, Redwood City, CA 94063

      Description

      The Simplest Solution for Chat and Messaging

    • 3 NEOFECT
      Headquarters

      West Building #401, Dankook Uni., 152, Jukjeon-ro, Suji-gu, Yongin-si, Gyeonggi-do, 16890

      Description

      Smart Glove Speeds Rehabilitation of Stroke Patients

    • 4 SMART STUDY
      Headquarters

      5F, 94, Myeongdal-ro Seocho-gu, Seoul, 06668

      Description

      Sing, Play and Learn with PINKFONG

    • 5 SketchOn
      Headquarters

      Corporate Collaboration Center #85313, 2066, Seobu-ro, Jangan-gu, Suwon-si, Gyeonggi-do, 16419

      Description

      Harmless, Easy-to-Erase Printed Tattoos

    • 6 linkflow
      Headquarters

      Yugi tower 13F, Teheran-ro 69gil 5, Gangnam-gu, Seoul Korea

      Description

      Wearable 360 degree camera company

    • 7 MOIN
      Headquarters

      B2F, Google Campus, 417, Yeongdong-daero, Gangnam-gu, Seoul, 06182

      Description

    • 8 Exosystems, Inc.
      Headquarters

      #804, 815, Daewangpangyo-ro, Sujeong-gu, Seongnam-si, Gyeonggi-do, Republic of Korea

      Description

      Exosystems provides a new paradigm of rehabilitation with the slogan-“Fun @Home, Data Driven Rehab!”

    • 9 Dable
      Headquarters

      #301, 22, Nonhyeon-ro 79-gil, Gangnam-gu, Seoul, 06237

      Description

      Explain Your Business in One Line

    • 10 Visual Camp
      Headquarters

      Startup Campus #325, 289beon-gil 20, Pangyo-ro Bundang-gu, Gyeonggi-do, 13488

      Description

      Eye Tracking Technologies for Mobile VR Devices

    • 11 4DREPLAY KOREA
      Headquarters

      3003 NORTH 1ST ST. SUITE#221 SAN JOSE, CA, 95134

      Description

      Creating Experience ─ Highly Advanced 4D Video Solution

    • 12 MOPIC
      Headquarters

      85307, corporate collaboration center, 2066 Seobu-ro, Jangan-gu, Suwon-si Gyeonggi-do, Korea 16419

      Description

      Your Breathtaking Mobile 3D Theater

    • 13 NEWRATEK
      Headquarters

      2~4F, Iksung Building, 6, Bongeunsa-ro 112-gil, Gangnam-gu, Seoul, 06170

      Description

      New Radio Communications for a New Era

    • 14 ZOYI Corporation
      Headquarters

      15F, KR Tower, 141, Teheran-ro Gangnam-gu, Seoul, 06132

      Description

      Growth Hacking for O2O Commerce

    • 15 Salted Venture
      Headquarters

      340 Nonhyeon-ro, Gangnam-gu, Seoul, 06227

      Description

      Fixing Golf Swings and Squats from the Feet

    • 16 REDTABLE
      Headquarters

      410, Startup Campus Building #3, 20, Pangyo-ro 289 beon-gil, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

      Description

    • 17 eyedea
      Headquarters

      5F, 98, Seongmisan-ro, Mapo-gu, Seoul, 03986

      Description

      Autonomous Flying Selfie Drone

    • 18 Innomdle Lab
      Headquarters

      2F, 3, Eonnam 1-gil, Seocho-gu, Seoul, 06778

      Description

      Touch Your Sound

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Business Report Statistics

Business Report Statistics
  • 9781

    Consulting
    Service

  • 642

    Overseas
    Patent Application

  • 69

    Overseas
    Incorporation

  • 2271

    Number of
    Supported companies

  • 414

    Overseas Business
    Contract and Partnership

  • 3594

    Attracted
    Investment

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