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The ASAN Nanum Foundation
The Asan Nanum Foundation was established by Hyundai Group in 2011, and they aim to support young entrepreneurs and their innovative ideas that make a social impact. As of 2023, the foundation has helped over 400 startups in Korea. The foundation was founded on $525 million in funding from the…
Korean Fundraising 101 the Basics of Raising Money in Korea
South Korea is becoming one of the most vibrant nations in the world and a growing tourist destination. South Korea has come a long way since the Korean War where their national income per citizen was the same as the country Ghana. In 60 years they have become one of the top economic powers in the…
Cryptocurrency in Korea – The Hacking of Upbit
The biggest news regarding cryptocurrency in Korea has been the hacking of Korea's top cryptocurrency exchange Upbit. Upbit was hacked for $50 million worth of Ether. This beat the news of Bithumb's hacking of $13 million in EOS and $6 million in XRP back in March. Upbit ended up suspending all…
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Innovative Drone Startups in Korea Aiming for Mass Adoption
Drones are one of the most revolutionary technological advancements to have emerged in recent decades, and they've influenced a surprising number of industries. There are many innovative drone startups in Korea that are looking to push for mass adoption. The commercial drone industry in Korea is…
The Rise of Smart Vertical Farms in Korea – The Future of Farming
Smart Vertical Farms in Korea have been springing up lately. These farms grow plants that do not need sunlight or soil. Korean startups NextOn and Farm 8 are becoming vertical farming leaders in South Korea. They both aim to provide fresh, sustainable, local food all year round. Seoul is one of the…
Agtech Startups Transforming the Agriculture Industry in Korea
South Korea is home to a number of Agtech startups (agriculture tech startups) that are transforming the agriculture industry in Korea. These startups are working on innovative solutions to address some of the most pressing challenges faced by the agriculture industry today. According to the United…
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