Fintech startup SSenStone (www.SSenStone.com) said on Sept. 21 that it has acquired FIDO (Fast Identity Online) certification, which is an international standard for biometric authentication.FIDO allows identification of users online by authenticating biometric data based on users’ fingerprints, iri

The Small and Medium Business Administration (SMBA) and the Large & Small Business Cooperation Foundation announced on September 6 that it has started running the “Program of Coexistence Supporters for Youth Startups” this month in earnest and receiving applications from startups and venture firms w

Edutech Startup Vitruv jointly held an event with StudyBank, the largest education firm in Taiwan, at Caesar Taipei Hotel in Taiwan on August 31 to officially launch a MataMATH service.StudyBank, an educational subsidiary of Taiwan’s CoAsia Group, leads the nation’s online education market. The comp

K-ICT Born2Global Center said on August 24 that its member company VisualCamp has been selected by Red Herring as one of the most innovative 100 technology start-ups in Asia.Red Herring, a global media company that mainly focuses on information technology, has been selecting the most exciting and pr

The K-ICT Born2Global Center announced on August 10 that Bagel Labs, a member of the center carried out crowd funding with Bagel, a smart measuring tape for 35 days from June 29 to August 3 and accomplished funding at the highest level in Korea.  The results are 4,500% of the original goal and rank

The Small and Medium Business Administration (SMBA) announced its plans on August 3 to develop a small business K-town in Indonesia modeled after “Bojeong-dong Café Street” as a means of supporting the small business’ overseas expansion.The café street developed spontaneously from the mid 2000’s in

The Small & Medium Business Administration (SMBA) and the Korea Venture Investment Corporation (KVIC) announced on July 27 that the cumulative funding amount of the Foreign VC Investment Fund recently topped one trillion won (US$869.5). The Foreign VC Investment Fund, established in 2013, is run by

The size of funds created for investment in venture firms reached the record high in the first half of this year ever since the statistics collected. However, the practical venture investment size rather has shrunk.According to the “2016 First-Half Venture Capital Fund Investment Trend” report unvei

The city government of Seoul is opening a new Seoul Global Startup Center on Aug. 1, the newest addition to the country’s growing support for the nascent local startup ecosystem. The center will offer a favorable environment for dozens of entrepreneurs to realize their business ideas by receiving he

Taggle, a mobile startup which is developing a hashtag-based photo gallery service, announced on July 11 that it has attracted a total of one billion won investment from Magellan Technology Investment and UTC Investment.Taggle has developed its photo gallery service to allow smart phone users easier

Joo Young-sup, head of the Small and Medium Business Administration will actively build an environment to help small and mid-sized enterprises (SMEs) find online sales channels targeting overseas markets. The project is to prepare conditions to empower SMEs to reach the goal of US$50 billion (global

Han Hee-sang, CEO of H&Surgical, is one of 169 business delegates that accompanied President Park Geun-hye on her state visit to Iran in May. Han testifies that the recent business trip to Iran helped him to materialize his business agenda for the country. Despite the formidable challenges of the mo

Han Seung-eun, CEO of IRISYS, said it was about the time when the smartphone was first introduced to the market and popularized that he anticipated the future market demand for technology incorporating iris recognition technology to protect personal privacy. To quote Han, “After witnessing the popul

Leading venture capital firms in China have made an aggressive move to invest in Korean startups.An event of “cel Demoday/IR” was held to establish a bridgehead to the Chinese market for Korean startups at the cel Venture Complex in Seoul on June 17. The cel stands for creative economy leader and cu

Dr. Kim Jong-gap, who has helped South Korean small and medium-sized enterprises (SMEs) and venture firms make inroads into global markets in the Silicon Valley for the past 20 years, was appointed as the head of the K-ICT Born2Global Center in September last year. His past career includes a directo

Buzzvil is a mid-size startup based in Korea which currently has 8 million users throughout South Korea, Japan and Taiwan after launching its mobile lock screen advertising service “Honeyscreen” in January 2013. The service allows users to receive points from advertisers every time they unlock a loc

On June 14, the Small & Medium Business Administration (SMBA) and the Korea Venture Investment Corporation (KVIC) signed a memorandum of understanding (MOU) with Applied Materials in the Silicon Valley. The purpose of the MOU is to raise a fund for investment in South Korean venture firms and small

Have&Be Co., a holding company of global derma cosmetics brand Dr. Jart, was selected as a "2016 World Class 300" firm. As one of the 300 firms, the company will be given support from the government in R&D, global marketing, global talent training programs and finance for the next five years.Led by

K Venture Group, or KVG, the investment arm of Kakao Corporation, announced on June 9 that it has become the largest shareholder of Philippine-based bitcoin-related fintech startup Satoshi Citadel Industries, or SCI (CEO John Bailon), by acquiring its 40 percent stake. It is KVG’s first investment o

Microsoft (MS) will set up a venture capital firm to make direct investment in startups.It will be similar with GV, the venture capital arm of Alphabet, Inc. and former Google Ventures. Recently, Apple and Amazon are also planning to establish an investment business division for the next-generation