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  • 2019-08-21 thumbnail

    [Born2Global’s Picks] The 10 Most Promising Unicorns

    The Next Billion-Dollar South Korean Startups There has been a relative lack of emerging “unicorns” among Korean startups, but according to CB Insights, more than nine Korean startups have recently reached the rank of unicorn. (A unicorn is a privately owned startup company valued at over USD 1 b .... Read more

  • 2019-08-20 thumbnail

    Did this originate in Korea, too?

    By Min Yea-Ji and Lee Jihae jesimin@korea.kr Graphics = Lee Hye-Won and Kim Hyun Sook goghd36@korea.kr Do you know that some of everyday products are invented in Korea? Some products that make your life easier have interesting origin stories behind. Get for more fun invention history here!!! .... Read more

  • 2019-08-20 thumbnail

    Korea-ASEAN special summit in Busan to discuss free trade order

    Joo Hyung-chul, economic adviser to President Moon Jae-in, on Aug. 18 announces in a news conference at Cheong Wa Dae preparation and plans for the Korea-ASEAN special summit slated for Busan on Nov. 25. (Yonhap News) By Kim Hwaya The special summit between Korea and the Association of Southeast Asian N .... Read more

  • 2019-08-19 thumbnail

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

    By Hyunjin Choi 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) .... Read more

  • 2019-08-14 thumbnail

    Fitch maintains Korea's sovereign rating at stable 'AA-'

    Global credit ratings agency Fitch on Aug. 8 reaffirmed Korea's status as stable at "AA-." (Yonhap News) By Yoon Sojung and Lee Hana Despite Japan's economic sanctions on Korea in recent months, global credit appraiser Fitch on Aug. 8 reaffirmed its stable outlook for Korea with an "AA-" rating. "Ev .... Read more

  • 2019-08-14 thumbnail

    [Innovative Startup 5] Cellreturn seeks to revolutionize K-beauty sector via LED masks

    Cellreturn CEO Kim Il-soo poses with his company's innovative LED masks at his office in Incheon. By Min Yea-Ji and Lee Jihae Photos = Choi Tae-soon Incheon July 22, 2019 A woman in her 30s removes makeup with an ultra-fine particle cleansing device after arriving home from work. She says she .... Read more

  • 2019-08-14 thumbnail

    Hyundai's fuel cell vehicle Nexo earns US safety award

    The Insurance Institute for Highway Safety of the U.S. announced on Aug. 8 that the 2019 Hyundai Nexo, a hydrogen fuel cell vehicle, won the Virginia-based think tank's highest rating for safety. (Hyundai Motor Company) By Lee Jihae The 2019 Hyundai Nexo, a vehicle powered by hydrogen fuel cells, has e .... Read more

  • 2019-08-09 thumbnail

    Hellofactory scooped $1.6M for the next seamless connection in the service industry.

    By Hyunjin Choi Cross-platform provider, Hellofactory has landed $1.65M in a recent investment. A Korean social game company, Devsisters, and a public financial institution, Korea credit guarantee fund have led this round of investment. With a message delivering service platform, Hell .... Read more

  • 2019-08-09 thumbnail

    BlueSignal launches AI-based real-time traffic prediction system

    Korean startup BlueSignal has developed a new smart mobility solution that can accurately predict traffic conditions and signals, from a driver’s starting point to their final destination, guiding them along the quickest and safest routes. Much like accurate weather forecasts are used to predict .... Read more

  • 2019-08-08 thumbnail

    Innopresso launches Indiegogo campaign for its touchpad-keyboard Mokibo

    Mokibo: 2-in-1 Keyboard Embedded with Touchpad Innopresso, a member company of the Born2Global Centre, successfully launched its smart keyboard "Mokibo" on Indiegogo (https://igg.me/at/mokibo/x#/). Mokibo is a smart keyboard that combines the functions of a keyboard with those of a touch .... Read more

  • 2019-08-07 thumbnail

    New medical stamping patch inspired by rear-fanged snakes

    A newly released stamping patch (left) is inspired by the fangs of a rear-fanged snake (right), which has Duvernoy's gland but requires no muscle to push the poison. Such grooved fangs facilitate the easy flow of venom through capillary action, or the ability of water molecules to flow through narrow spaces .... Read more

  • 2019-07-26 thumbnail

    Self-driving buses to debut in Sejong from 2021

    The nation's administrative capital of Sejong will start offering self-driving bus service from 2021. (iclickart) By Kim Eun-young and Kim Minji The country's administrative capital of Sejong from 2021 will be the first region in the country to run self-driving buses thanks to the city's designation a .... Read more

  • 2019-07-26 thumbnail

    Neofect is honored with the highest distinction of the Red Dot Award: Design Concept 2019

    NeoMano, a robotic soft glove for the hand paralyzed. By Hyunjin Choi A rehabilitation robotic glove has achieved a prestigious award, the Red Dot Award: Design Concept 2019. NeoMano, a robotic soft glove for the hand paralyzed, has been granted a Red Dot: Best of the Best, the top distinction .... Read more

  • 2019-07-25 thumbnail

    Regulatory sandbox spurs growth of innovative businesses

    Banban (half-half) Taxi, an app that connects passengers whose routes overlap to cabs, will be launched this month in select parts of Seoul. (iclickart) By Jung Joo-ri and Lee Jihae Seoul July 18, 2019 A regulatory sandbox is a mechanism for exempting or suspending regulations to provide goods a .... Read more

  • 2019-07-25 thumbnail

    Wall Street pays attention to AI-powered funds by Qraft Technologies

    By Hyunjin Choi Qraft Technologies, a member company of the Born2Global Centre, took part in “Closing Bell Ceremony” at the New York Stock Exchange on July 11. The New York Stock Exchange hung the national flag of South Korea on the outside wall of the NYSE and welcomed Qraft Technologies. The execut .... Read more

  • 2019-07-19 thumbnail

    AI tutoring solution company Riiid raises $18M Series C funding

    The AI tutoring solution company Riiid, a member company of the Born2Global Centre, has secured $18 million through its Series C funding round, which was led by Premier Partners, Alpenroute Asset Management, DSC Investment, IMM Investment, Korea Growth Investment Corporation, and D Ventures Private Investment .... Read more

  • 2019-07-18 thumbnail

    Korea, Israel discuss boosting cooperation in high tech, startups

    President Moon Jae-in (right) on July 15 holds a summit with Israeli President Reuven Rivlin (left) at Cheong Wa Dae. (Cheong Wa Dae) By Lee Jihae President Moon Jae-in on July 15 held a summit with Israeli President Reuven Rivlin at Cheong Wa Dae on bilateral ties in the high-tech and startup sectors. .... Read more

  • 2019-07-18 thumbnail

    Worldwide Pivo Sales Clear $1m

    An achievement five years in the making In the early afternoon of June 11, 2019, a mere eight months since Pivo, a member company of the Born2Global Centre, was officially available for purchase, the venture startup celebrated its 9,823rd sale, pushing it past $1 million in total sales. At the ti .... Read more

  • 2019-07-18 thumbnail

    MR.TIME app hits 2 million downloads

    Transitioning into a global platform for smartwatch faces Apposter's independently developed "MR.TIME" recently exceeded a cumulative total of two million downloads. Apposter is a member company of the Born2Global Centre. MR.TIME is a global platform that allows users to easily down .... Read more

  • 2019-06-14 thumbnail

    CE Certification for AI-based Medical Solutions of JLK Inspection: AI-based Brain Image Analysis (JBS-01K) and AI-based Prostate Image Analysis (JPC-01K) Solutions

    JLK Inspection, a company specializing in world-class AI-based medical imaging solutions and a company of the Born2Global Centre, has developed JPC-01K, an AI-based prostate MR image analysis solution, and JBS-01K, which is used for quantitative analysis of brain MR images, and recently obtained Europ .... Read more

  • 2019-06-14 thumbnail

    President Moon boosts 'innovative growth' ties during 3-nation N. European tour

    President Moon Jae-in on June 10 visits Otaniemi, a district in Espoo, Finland, known as the "Silicon Valley of Europe." (Cheong Wa Dae’s official Facebook page) By Xu Aiying and Lee Jihae President Moon Jae-in has used his three-nation tour of Northern Europe to reconfirm cooperation and support fro .... Read more

  • 2019-06-13 thumbnail

    President Moon: Korea, Finland to boost cooperation through innovation

    President Moon Jae-in (right) and Finnish President Sauli Niinisto on June 11 shake hands at the Korean-Finnish Startup Summit in Helsinki. By Song Baleun and Lee Jihae Photos = Cheong Wa Dae President Moon Jae-in on June 11 said at the Korea-Finland Startup Summit in Helsinki, "I strongly believe .... Read more

  • 2019-06-13 thumbnail

    President Moon's N. European tour to stress startup cooperation

    Minister of SMEs and Startups Park Young-sun on June 7 explains at Seoul Press Center the goals of President Moon Jae-in's upcoming state visits to three Northern European countries. By Min Yea-Ji and Lee Jihae Photos = Kim Sunjoo Seoul June 7, 2019 The Ministry of SMEs and Startups on June 7 said .... Read more

  • 2019-06-13 thumbnail

    Investment in clean energy R&D to exceed KRW 900 billion this year

    The Ministry of Trade, Industry and Energy on May 28 announced an investment of KRW 902.9 billion (USD 760 million) in clean energy R&D this year at the fourth Mission Innovation conference in Vancouver, Canada. (iClickart) By Jung Joo-ri and Kim Hwaya The government this year will invest KRW 902.9 b .... Read more

  • 2019-06-03 thumbnail

    Korea Startup Index 2018 Is Now Published

    Korea Startup Index 2018 Is Now Published - Download to view the full report The Born2Global Centre launches “Korea Startup Index 2018,” the fifth publication in the series. With the purpose of providing information of Korean startups and its ecosystem to the global market Born2Global continu .... Read more

  • 2019-05-28 thumbnail

    Gov't to foster biohealth as next-generation growth engine

    President Moon Jae-in on May 22 gives a speech at a ceremony in Osong, Chungcheongbuk-do Province, announcing the government's vision of fostering the biohealth industry as a next-generation engine for economic growth. (Cheong Wa Dae) By Jung Joo-ri and Lee Jihae President Moon Jae-in on May 22 announc .... Read more

  • 2019-05-28 thumbnail

    Born2Global to host - Korean Startups Landing Pad in Europe 2019

    Get access to Hottest Korean Startups in Europe. Joint demo days hosted with major local partners, including The Place Berlin and WeWork Warsaw Korean startups are picking up the pace in pursuing their goal of entering the European market. The Born2Global Centre, which supports promising companies i .... Read more

  • 2019-05-14 thumbnail

    9 entries added to gov't list of 'innovative' financial services

    The Financial Services Commission on May 2 added nine entries to its list of "innovative" financial services. (iClickart) By Jung Joo-ri and Lee Jihae The finance sector will soon offer drive-thru service to allow the convenient exchange and withdrawal of currencies similar to how people can order an .... Read more

  • 2019-05-14 thumbnail

    Korea, NASA to jointly build payload device for lunar landers

    Ben Bussey, senior NASA exploration scientist (left), Choi Won-ho (middle), director-general of the Space, Nuclear and Big Science Policy Bureau at the Ministry of Science and ICT, and Choi Young-jun, director-general of the Space Science Division of the Korea Astronomy and Space Science Institute, on May 7 .... Read more

  • 2019-04-19 thumbnail

    Smart Facility Management with YouVR- Invited to the Global Open Innovation Program

    YouVR Inc., a leading digital solution provider of immersive space and a member company of the Born2Global Centre, announces that it has been invited to participate in NTT Communications Open Innovation Program, aimed at bringing together new ideas and technology for the next-generation. NTT Communications i .... Read more

  • 2019-04-19 thumbnail

    Largest Mobile Lockscreen Platform Buzzvil Partners with Japan's Ponta

    The world's first and largest mobile lockscreen media platform provider and a member company of the Born2Global Centre, Buzzvil announced its partnership with Ponta, Japan's major loyalty and points programme operated by Loyalty Marketing Inc., to launch "Tamaru Screen x Ponta". Tamaru Screen is Buzzvil's SDK .... Read more

  • 2019-04-18 thumbnail

    Samsung Spin-off lululab to Launch AI Skincare Solutions in the Middle East

    The AI beauty startup, lululab, will be launching its AI skincare assistant "LUMINI" at Beautyworld Middle East, the largest beauty expo in the Middle East, which will be held in Dubai from April 15 to 17 (Booth: C2A08). The Beauty AI startup, lululab, to unveil the LUMINI, designed for the Middle Easter .... Read more

  • 2019-04-18 thumbnail

    SECUMAIL: Prevention technology against the latest disguised government agencies mail hacking in the Spotlight

    An Asia-wide email hacking attack that posed as coming from a Vietnamese government agency and closed user documents or seized information resulted in substantial damages in March, but one company is at the center of attention for preventing their users from being affected by this attack. The company is .... Read more

  • 2019-04-11 thumbnail

    President Moon hails Korea for being first to launch 5G

    President Moon Jae-in on April 8 gives a congratulatory speech in a ceremony marking Korea's world-first achievement in launching 5G commercial service at Seoul's Olympic Park. (Cheong Wa Dae) By Kim Minji President Moon Jae-in on April 8 hailed Korea for becoming the world's first country to start 5G com .... Read more

  • 2019-04-03 thumbnail

    Seoul to host int'l rail directors' conference for 1st time

    For the first time, Korea from April 8-12 will host the conference for general directors of the Organization for Cooperation between Railways (OSJD). This picture is from last year's conference in Da Nang, Vietnam. (Korail) By Jeon Han and Lee Hana "Toward a future of peace and prosperity" is the slogan o .... Read more

  • 2019-04-03 thumbnail

    4 ministries to jointly develop smart road lighting platform

    Four Korean ministries through 2023 will jointly pursue the development of a smart road lighting platform. (Iclickart) By Jung Joori and Kim Hwaya Four ministries through 2023 will jointly pursue the development of a smart road lighting platform to prevent traffic accidents and boost driver and pedest .... Read more

  • 2019-04-03 thumbnail

    President Moon asks foreign-invested companies for 'unwavering support'

    President Moon Jae-in March 28 gives a speech in a meeting with foreign investors at Cheong Wa Dae. (Hyoja-dong Studio) By Kim Minji President Moon Jae-in, in a March 28 meeting with representatives from foreign-invested companies, asked for their "unwavering support" for the Korean economy. At Yeon .... Read more

  • 2019-03-29 thumbnail

    Augmented reality dragon wows baseball fans on opening day

    By Kim Hwaya Photos•Video = SK Telecom An augmented reality (AR) image of a wyvern, a mythical dragon-like creature, on March 23 suddenly appeared on the opening day of the 2019 Korea Baseball Organization (KBO) season at Incheon's SK Happy Dream Park, home of the defending league champions SK Wyverns. .... Read more

  • 2019-03-29 thumbnail

    Korea has Asia's most competitive economy: report

    A report released on March 26 at the Boao Forum in Hainan, China, has ranked the Korean economy the most competitive in Asia. (Yonhap News) By Park Gil-ja and Kim Minji Korea has Asia's most competitive economy, according to the Asian Competitiveness Annual Report 2019 released on March 26 by the Boao For .... Read more

  • 2019-03-29 thumbnail

    Hotel-to-airport baggage service starts trial run

    The Ministry of Land, Infrastructure and Transport and Incheon International Airport Corp., in collaboration with Jeju Air, on March 28 started trial operations of the "Easy-Drop" service, which transports a passenger's luggage directly from their hotel to the airport. (Iclickart) By Xu Aiying and Kim Hway .... Read more

  • 2019-03-25 thumbnail

    'Techplomacy is win-win strategy for Korea, Denmark'

    Danish Tech Ambassador Casper Klynge on March 22 emphasizes the significance of expanding “techplomacy” between Korea and Denmark in a discussion at Seoul Square in the capital’s Jung-gu District. By Yoon Sojung Photo = Kim Sunjoo Seoul March 22, 2019 The world’s first ambassador of technology, Caspe .... Read more

  • 2019-03-22 thumbnail

    Newest Hyundai Sonata equipped with Kakao's AI tech

    A model test-drives the new Hyundai Sonata equipped with an AI platform developed by Kakao. (Hyundai Motor Company) By Park Gil-ja and Yoon Sojung Artificial intelligence (AI) functions such as voice recognition and car control will be installed in the latest Hyundai Sonata set for release this week .... Read more

  • 2019-03-22 thumbnail

    Korea, Cambodia agree to expand economic cooperation

    President Moon Jae-in on March 15 gives the opening speech before a bilateral summit with Cambodia held at the Cambodian prime minister's office in Phnom Penh. (Yonhap News) By Park Gil-ja and Lee Hana President Moon Jae-in and Cambodian Prime Minister Hun Sen on March 15 agreed to expand bilateral econom .... Read more

  • 2019-03-22 thumbnail

    New taxi-hailing service Waygo Blue starts pilot run

    The new taxi-hailing service Waygo Blue on March 20 launched pilot service in Seoul. (Screen capture from KaKao T) By Min Yea-Ji and Kim Hwaya Waygo Blue, an app-based taxi hailing service, started pilot operations on March 20 in Seoul. Launched by platform technology company KaKao Mobility and taxi fra .... Read more

  • 2019-03-22 thumbnail

    YouVR Invited to Participate in Plug and Play Real Estate & Construction Innovation Platform

    YouVR Inc., a leader of immersive digital solutions for space and a member of the Born2Global Centre, announces that it has been invited to participate in the Plug and Play Corporate Innovation Platform this year. The program has networked over 200 industry-leading corporations in various sectors (ex .... Read more

  • 2019-03-15 thumbnail

    HanaroFarm Succeeds in Developing a Novel Technology of Cultivating Special Crops with Selenium

    A high concentration of selenium absorbed by plants improves the human body absorption and removes harmful effects. HanaroFarm, a member company of Born2Global Centre, recently succeeded in developing a new special crop cultivation technology. HanaroFarm's new special crop cultivation technology .... Read more

  • 2019-03-15 thumbnail

    Samsung C-Lab Spin-off lululab to Showcase AI Skincare Assistant at IECSC New York

    lululab, a spin-off company of C-Lab, Samsung Electronics' in-house venture program and a member company of Born2Global Centre, developed the AI skincare assistant LUMINI." data-reactid="24" style="margin: 0px 0px 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, .... Read more

  • 2019-03-15 thumbnail

    Seoul municipal gov’t unveils smart city plan

    Seoul Metropolitan Government on March 13 announced a blueprint to build a smart city covering the six sectors of public administration, traffic systems, public safety, the environment, social welfare and the economy. (Iclickart) By Jung Joori and Kim Hwaya Seoul Metropolitan Government has unveiled an .... Read more

  • 2019-03-14 thumbnail

    AI Tutor Solution Development Company Riiid Takes Aim to Build Leading Token Economy in the Test-Prep Market

    Riiid, a prominent AI tutor solution development company in Korea, has initiated another endeavor to revolutionize the current ineffective one-size-fits-all education industry with an incentivized cryptocurrency reward program. Riiid is a creative education technology company and a member com .... Read more

  • 2019-03-13 thumbnail

    5G to revolutionize office and work life

    Employees can enter a smart office without an ID card or fingerprint recognition through a 5G walk-through system in which cameras powered by artificial intelligence control entry and exit through facial recognition. By Jung Joori and Kim Minji Photos = SK Telecom At 8:30 a.m., an office worker re .... Read more

  • 2019-03-13 thumbnail

    Korea sees highest growth among OECD's '30-50' club members

    The Organization for Economic Cooperation and Development (OECD) says Korea in last year's fourth quarter posted the highest economic growth among the group's seven member countries that had a population of over 50 million and per capita gross national income of more than USD 30,000. (Screen capture from OECD .... Read more

  • 2019-03-13 thumbnail

    Korea’s composite leading indicator breaks 20-month decline

    The OECD on March 12 said Korea's composite leading indicator, which measures business sentiment over the next six to nine months, rose for the second month in a row in January. (Iclickart) By Oh Hyun-woo and Kim Hwaya Korea's composite leading indicator (CLI) in January rose for the second month in a row .... Read more

  • 2019-03-06 thumbnail

    Bank of Korea: per capita GNI broke USD 30,000 mark in 2018

    Korea's per capita gross national income in 2018 exceeded USD 30,000 for the first time. (Iclickart) By Xu Aiying and Kim Hwaya Korea's per capita gross national income (GNI) exceeded a record USD 30,000 last year, 12 years after breaking the USD 20,000 mark in 2006, the Bank of Korea said on March 5. .... Read more

  • 2019-03-06 thumbnail

    XABYSS to Showcase Its Next-Generation Network Security Solution at RSA 2019

    XABYSS, a member company of Born2Global Centre, will be featuring its next-generation network security solution technology at RSA Conference 2019, a global data security conference to be held in San Francisco from March 4 to 8. RSA Conference 2019 attendees and media can meet the XABYSS's solution at the Pavi .... Read more

  • 2019-02-28 thumbnail

    Korean telecom giants showcase 5G at MWC 2019

    The annual Mobile World Congress, the world's largest mobile event, runs from Feb. 25-28 in Barcelona, Spain. (Yonhap) By Min Yea-Ji and Kim Hwaya The annual Mobile World Congress (MWC), the largest global event for mobile phones and devices, opened on Feb. 25 in Barcelona, Spain, for a four-day run. Ko .... Read more

  • 2019-02-28 thumbnail

    Pivo Wins iF Design Award 2019

    The The iF Design Award 2019 announces Pivo as their top winner for the submission "Interactive Pod for Smartphone Photo and Video". For 66 years, the iF DESIGN AWARD has been recognized as an arbiter of quality for exceptional design. The iF label is renowned worldwide for outstanding design services, and th .... Read more

  • 2019-02-26 thumbnail

    Samsung's new foldable phone attracts global media attention

    The French daily Le Monde on Feb. 20 praises the Galaxy Fold in the article headlined “Samsung unveils foldable phone, three Galaxy S10 series phones, mobile 5G,” saying, “Magic appears when the phone is unfolded like a book and the tablet screen pops up.” (Screen capture from Le Monde) By Min Yea-Ji and K .... Read more

  • 2019-02-26 thumbnail

    Korea, India to raise bilateral trade to USD 50 billion by 2030

    President Moon Jae-in (right) on Feb. 22 applauds Indian Prime Minister Narendra Modi in their joint news conference at Cheong Wa Dae. By Park Gil-ja and Kim Minji Photos = Cheong Wa Dae President Moon Jae-in and visiting Indian Prime Minister Narendra Modi on Feb. 22 agreed to raise bilateral trade .... Read more

  • 2019-02-26 thumbnail

    Korea led world in smartphone ownership rate in 2018

    Korea last year had the world’s highest rate of smartphone ownership with 95 percent, according to a Pew Research Center poll. (Iclickart) By Kim Hwaya Korea last year had the world's highest rate of and the lowest age gap in smartphone ownership, according to the Washington-based Pew Research Center in .... Read more

  • 2019-02-26 thumbnail

    Largest Mobile Lockscreen Platform Buzzvil Partners with Japan's JR-East

    World's first and largest mobile lockscreen media platform provider Buzzvil, a member company of Born2Global Centre, has partnered with East Japan Railway Company to launch "Tamaru Screen x JRE POINT". Buzzvil has partnered with East Japan Railway Company to launch "Tamaru Screen x JRE POINT" .... Read more

  • 2019-02-22 thumbnail

    [Global Success Stories #3] What Kind of Company is ulalaLAB?

    What Kind of Company is ulalaLAB? ulalaLAB’s signature product is WimFactory, a cloud and machine-learning-based smart factory platform that analyzes industrial data. WimFactory consists of WICON, an IoT device that collects and transmits production facility data, and Wim-X, an integrated managem .... Read more

  • 2019-02-18 thumbnail

    Wearable medical device earns gov't's 1st regulatory waiver

    Memowatch, a wearable electrocardiogram measurement device developed by the Korean company Huinno, has received Korea's first waiver under the government's regulatory sandbox program in the information and communication technology (ICT) sector. (Huinno) By Oh Hyun-woo and Yoon Sojung A wearable electroca .... Read more

  • 2019-02-14 thumbnail

    Smart city era grows closer in Korea

    President Moon Jae-in on Feb. 13 visited the Busan Exhibition and Convention Center (BEXCO) to see a presentation on the Busan Smart City Innovative Strategy. He is seen here trying a high-tech floor designed by the Korean company HNJ that transforms kinetic energy into electricity when users step on the ti .... Read more

  • 2019-02-13 thumbnail

    Ministry announces setup of hydrogen stations in Seoul under ‘regulatory sandbox’ initiative

    Minister of Trade, Industry and Energy Sung Yunmo (center) on Feb. 11 attends the first meeting of a committee for reviewing regulatory exemptions for new business models at the Korea Chamber of Commerce and Industry in Seoul. By Park Gil-ja and Kim Young Shin Photos = Ministry of Trade, Industry and E .... Read more

  • 2019-02-13 thumbnail

    Korean won emerges as more stable, less volatile currency

    Foreign exchange dealers on Feb. 7 work at the headquarters of KEB Hana Bank in Seoul's Jung-gu District. The won-dollar exchange rate that day closed at 1,124.10, up 5.30 points from the previous day. (Yonhap News) By Xu Aiying and Yoon Sojung The Korean won, once one of the world's most volatile curr .... Read more

  • 2019-02-13 thumbnail

    Truly-wearable augmented reality - closer to reality by combining highly efficient see-through optics and ultra-low power OLED microdisplay technologies

    LetinAR, Korean startup that develops an optical solution for Augmented- reality (AR) glasses, and Fraunhofer FEP, German specialist for the customized development of OLED microdisplays for wearables will present together the future of AR eyewear technology by their first joint demonstrator of the P .... Read more

  • 2019-02-08 thumbnail

    Korea's default risk at lowest level since 2007-08 crisis: think tank

    The Korea Center for International Finance on Feb. 1 announces that Korea's default risk dropped to its lowest level since the global financial crisis of 2007-08. (iclickart) By Min Yea-Ji and Kim Young Shin Korea's risk of sovereign default has fallen to its lowest level since the global financial cri .... Read more

  • 2019-02-07 thumbnail

    5G bus displays vast potential of new cellular mobile standard

    A passenger on a test ride of KT's 5G bus tries a virtual reality (VR) head-mounted display (HMD). By Min Yea-Ji and Kim Young Shin Photos = KT Korea, the world’s first country to launch the 5G cellular network for business clients last year, is preparing to kick start 5G service for consumers in March .... Read more

  • 2019-02-07 thumbnail

    Inclusive growth boosts quality of life: OECD's top statistician

    Martin Durand, director of statistics and chief statistician of the Organization for Economic Cooperation and Development (OECD), says "Better Policies for Better Lives" is the theme of the OECD's mission and that she will conduct joint research on inclusive growth with Korea. By Park Gil-ja an .... Read more

  • 2019-02-07 thumbnail

    [Global Success Stories #2] SendBird Heralds a New Era of Global Success through a Mobile Chat Solution

    SendBird Heralds a New Era of Global Success through a Mobile Chat Solution SendBird is a startup offering a chat and messaging solution to corporations. In 2013, the company was cofounded by CEO John Kim, Head of Trust and Safety Brandon Jeon, CTO Harry (Yeusin) Kim, and Head of Designer Forest .... Read more

  • 2019-02-01 thumbnail

    The Korean Economy – the Miracle on the Hangang River

    The Constitution of South Korea stipulates that “the right of property shall be guaranteed for every citizen.” In short, the country has adopted the market economy system, respects individuals’ and businesses’ right to conduct free economic activities, and guarantees the profits and properties made and accumu .... Read more

  • 2019-01-31 thumbnail

    [Global Success Stories #1] NEOFECT, Aiming to Become the World’s No. 1 Rehabilitation Platform

    body { font: 1em/1.5 "Gill Sans", "Gill Sans MT", "Myriad Pro", "DejaVu Sans Condensed", Helvetica, Arial, "sans-serif"; color:#000000; } p:nth-of-type(1){ font-weight:normal;} p:nth-of-type(2){ font-weight:bold;} p:nth-of-type(3){ font-weight:bolder;} p:nth-of-type(4){ font-wei .... Read more

  • 2019-01-30 thumbnail

    Korea, Qatar to expand economic cooperation to wider range of fields

    Qatari Emir Sheikh Tamim bin Hamad Al Thani (left) and President Moon Jae-in on Jan. 28 shake hands before their summit at Cheong Wa Dae. By Park Gil-ja and Kim Young Shin Photos = Cheong Wa Dae President Moon Jae-in on Jan. 28 held a summit with Qatari Emir Sheikh Tamim bin Hamad Al Thani in Seoul o .... Read more

  • 2019-01-28 thumbnail

    [Innovative Startup 4] I-Bricks uses advanced AI to create high-tech personal assistants

    I-Bricks CEO Chae Jong Hyun on Dec. 26, 2018, spoke to Korea.net on his company's artificial intelligence (AI)-based technology for natural language processing and big data at his office in the Pangyo-dong neighborhood of Seongnam, Gyeonggi-do Province. (Kim Sunjoo) By Min Yea-Ji and Yoon Sojung Photos .... Read more

  • 2019-01-28 thumbnail

    Drone Show Korea 2019 showcases latest, greatest in drones

    Drone Show Korea 2019 opened on Jan. 24 at the Busan Exhibition and Convention Center (BEXCO). First Vice Minister of Science and ICT Mun Mi-ock (third from left) and Vice Minister Cheong Seung-il join visitors in listening to an explanation about the power pack, or a fuel cell battery used in drones, produ .... Read more

  • 2019-01-24 thumbnail

    Bloomberg names Korea 'most innovative country' for 6th straight year

    Korea on Jan. 22 was announced as the world's most innovative country by the Bloomberg Innovative Index. (Screen capture from Bloomberg website) By Oh Hyun-woo and Kim Minji Korea has topped for the sixth straight year the Bloomberg Innovative Index as the world's most innovative nation. Bloomberg News .... Read more

  • 2019-01-24 thumbnail

    Survey shows 80 percent of world has 'positive' image of Korea

    According to an annual national image survey conducted by the Korean Culture and Information Service, 2018's top keywords about Korea were "Korean food," "K-pop" and "Korean culture." Most respondents said the PyeongChang 2018 Winter Olympics and the three inter-Korean summits had a positive influence on the .... Read more

  • 2019-01-21 thumbnail

    [Innovative Startup 1] Upstart bag manufacturer seeks to do Morethan earn profit

    Morethan CEO Choi Ian on Nov. 28 at his Seoul office says his company’s growth is based on its innovation philosophy of creating positive effects for society. By Jung Joo-ri and Yoon Sojung Photos = Choi Taesoon Seoul Nov. 28, 2018 Korea.net from 2019 will feature companies leading innovative grow .... Read more

  • 2019-01-21 thumbnail

    [Innovative Startup 2] Ecube Labs utilizes IoT to advance smart waste management

    Ecube Labs CEO Sean Gwon on Dec. 14 presents his company’s products -- the monitoring solution Clean City Networks and the solar-powered trash compactor CleanCube -- at his office in Seoul’s Guro-gu District. By Jung Joo-ri and Yoon Sojung Photos = Choi Taesoon Seoul Dec. 14, 2018 Korea.net in 20 .... Read more

  • 2019-01-21 thumbnail

    Korean gov’t to promote hydrogen economy through car, fuel cell sectors

    President Moon Jae-in (second from left) on Jan. 17 looks at the booth of a hydrogen fuel car at Ulsan City Hall ahead of the announcement of the administration’s pro-hydrogen economy policy. (Hyoja-dong Studio) By Jung Joo-ri and Yoon Sojung The government on Jan. 17 announced an ambitious plan to fos .... Read more

  • 2019-01-21 thumbnail

    [Innovative Startup 3] Lunit's AI-powered software bolsters accuracy in medical diagnostics

    Lunit CEO Brandon B. Suh on Dec. 28 discusses his company's medical AI software designed to raise efficiency in diagnosis and treatment at his office in Seoul’s Yeoksam-gu District. (Kim Sunjoo) By Jung Joori and Lee Hana Seoul Dec. 28, 2018 Korea.net in 2019 will feature startups leading innovative .... Read more

  • 2019-01-17 thumbnail

    Economy minister announces plans to foster hydrogen, big data, AI sectors

    Minister of Economy and Finance Hong Nam-ki on Jan. 16 chairs a meeting on innovative growth strategies at Yangjae Innovation Hub in Seoul. (MOEF) By Xu Aiying and Lee Hana The government on Jan. 16 announced plans to boost innovative growth by fueling the hydrogen economy as well as through projects in .... Read more

  • 2019-01-16 thumbnail

    Twinword -- Now Also On AWS Marketplace for Machine Learning

    Twinword homepageTwinword Inc., a member company of the K-ICT Born2Global Centre, announced on Nov. 30 the listing of eight of its inference models on the new Amazon Web Services (AWS) Marketplace for Machine Learning. Twinword's inference models can now be discovered and obtained from the Amazon SageMaker c .... Read more

  • 2019-01-16 thumbnail

    Korea's lululab Awarded Grand Prize at Cosmoprof Awards Asia 2018

    lululab, a member company of the K-ICT Born2Global Centre, has developed LUMINI, an AI-based skincare assistant consisting of a handheld scanning device and AI technology software.lululab, a member company of the K-ICT Born2Global Centre, was selected as one of the "Winners of Cosmoprof Awards Asia" at COSMOP .... Read more

  • 2019-01-16 thumbnail

    VisualCamp to Launch Mobile SDK to Enable Eye Control and Analytics for Smartphones

    VisualCamp's eye-tracking technology TrueGaze vastly expands smartphone functionality for manufacturers, developers, and users.VisualCamp, a Korean startup which is a member company of the K-ICT Born2Global Centre, will officially launch TrueGaze, one of the most advanced gaze analytics and smartphone eye con .... Read more

  • 2019-01-14 thumbnail

    [CES2019]The smart diaper has entered the building at CES 2019

    The Monit smart diaper sensor attaches to the outside of a baby's diaper. Nobody likes a dirty diaper, even if it's one of the realities parents have to cope with. So South Korean company Monit has set out to make the experience a bit more bearable. At CES, Monit shared what might be the ultimate .... Read more

  • 2019-01-14 thumbnail

    [CES2019]Neofect’s powered glove for people with paralysis is shipping this summer

    Neofect’s come a ways since we first saw them at CES this time last year. Late last month, the San Francisco-based team completed an Indiegogo round, picking up north of $28,000 — around 130 percent of its initial goal for the NeoMano. The leather hand-worn device is designed to give users mobil .... Read more

  • 2019-01-14 thumbnail

    [CES 2019]Welt is a smart belt that monitors your health

    Manufacturers are increasingly looking at locations other than your wrist to monitor health. At CES 2019, a Korean-based startup called Welt unveiled its smart belt. A few years in the making, Welt looks like a normal belt but can keep tabs on a wide range of health data. The device tracks waist .... Read more

  • 2019-01-14 thumbnail

    [New Year's news conference on economy] President Moon pledges easing economic inequality through innovation

    President Moon Jae-in on Jan. 10 answers questions from both Korean and foreign journalists during his New Year’s news conference at the Yeongbingwan Guest House of Cheong Wa Dae. (Cheong Wa Dae) By Jung Joo-ri and Yoon Sojung President Moon Jae-in on Jan. 10 announced the policy direction of his admin .... Read more

  • 2019-01-11 thumbnail

    Korea's Exosystems Debuts Personalized Neuromuscular Rehab Solution at MEDICA

    Exosystems, a Korean healthcare startup, will unveil the exoRehab, an ICT rehabilitation device, at the World Forum for Medicine in Dusseldorf, Germany, this month.The exoRehab provides electrical stimulation that helps patients receive therapeutic stimulation and personalized exercises.Exosystems, a Korean h .... Read more

  • 2019-01-11 thumbnail

    COOLJAMM Company Becomes First Korean Startup to Participate in Skydeck Demo Day

    COOLJAMM officials participate in SkyDeck Demo Day held at UC Berkeley’s campus on Nov. 7. COOLJAMM Inc., a Korean startup that developed the humming-based song composition application "HumOn," participated in the demo day event hosted on Nov. 7 by the California-based startup accelerator and incubator SkyDec .... Read more

  • 2019-01-11 thumbnail

    Pivo Breaks Past Its Kickstarter Funding Goal in Less Than 15 Hours

    Pivo is an interactive smart pod that enables anyone with a smartphone to create highly dynamic interactive videos, images and GIFs in an easy and affordable way.On Nov. 13, 2018, Pivo officially launched globally on Kickstarter and within the first 15 hours, the campaign was 100% funded by over 200 backers w .... Read more

  • 2019-01-11 thumbnail

    JLK Inspection to Showcase AI-based Medical Solutions at RSNA

    AI HUB, an AI medical all-in-one platform developed by JLK Inspection.This month JLK Inspection, a member company of the K-ICT Born2Global Centre, will participate in the Radiological Society of North America (RSNA) 2018 in Chicago, presenting its latest AI-based medical image diagnosis system. The South Kor .... Read more

  • 2019-01-11 thumbnail

    Philippines IT Firm Partners with Korea's 12CM Inc. for Mobile Convergence

    Echoss Stamp service provided by 12CM, a member company of the K-ICT Born2Global Centre.12CM Inc. (One-two-cee-em), a Korean startup that provides a variety O2O services via partnerships with a variety of partners, has joined hands with SMS Global Technologies Inc. (SMSGT), the leading system integrator in th .... Read more

  • 2019-01-11 thumbnail

    Korean exports hit record $600 bln in 2018

    The Ministry of Trade, Industry and Energy announces on Jan. 1 that Korean exports exceeded a record USD 600 billion in 2018. (Yonhap News) By Jung Joori and Lee Hana Korea last year saw exports reach a record-high USD 600 billion, the Ministry of Trade, Industry and Energy announced on Jan. 1. Exports .... Read more

  • 2019-01-11 thumbnail

    Unified Korea to rank as world’s 6th-largest economy in 2030: U.K. think tank

    The World Economic League Table published by the U.K.-based Centre for Economics and Business Research on Dec. 25 ranks Korea 11th in GDP. A British economic think tank on Dec. 25 predicted that Korea will rise to one of the world’s ten largest economies by 2026 and could rank sixth in 2030 if reunification .... Read more

  • 2019-01-11 thumbnail

    Leading Korean tech inventions earn global accolades

    The U.S. magazine Time has included Samsung’s QLED TV (second from the first row) and LG’s CineBeam Laser 4K Projector (second from the second row) on its list of Best Inventions 2018 in the toys, games and entertainment category. (Time Magazine) By Jung Joo-ri and Hahm Hee-eun Korea’s leading companies .... Read more

  • 2019-01-11 thumbnail

    Major indicators say Korean economy is comparatively fine

    The Bank of Korea on Dec. 6 said Korea recorded a trade surplus of USD 9.19 billion in October 2018 according to the balance of payment. (Korea.net DB) By Min Yea-Ji and Yoon Sojung Major economic indicators have shown that the Korean economy is relatively healthy. The Bank of Korea on Dec. 6 releas .... Read more

  • 2019-01-11 thumbnail

    Cutting-edge roll-out TV, smarter robots unveiled at CES 2019

    LG Electronics on Jan. 7 debuts its revolutionary rollable Signature OLED TV R at a news conference held before CES 2019. (LG Electronics) By Min Yea-Ji and Lee Hana A TV that rolls up into a speaker when not in use and a robot that monitors the user's health and calls 911 in case of emergency. These .... Read more

  • 2019-01-11 thumbnail

    Korea’s space program gets boost from launch of weather satellite

    The Ariane 5-ECA rocket carrying the Korean weather satellite Chollian 2A on Dec. 4 blasts off from the Guiana Space Center in French Guiana. (Arianespace) By Min Yea-Ji and Hahm Hee-eun Korea has taken another major step forward in space technology by launching the weather satellite Chollian 2A on Dec .... Read more

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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