Signature Label Secures Seed Investment to Drive Global Expansion of K-Beauty Distribution
Korea Tech Desk
by Chloe kim
1d ago
In a significant development driving the internationalization of K-beauty, Signature Label, a K-beauty global distribution startup, has secured seed investment. The investment, led by prominent investors CJ Investment and Atinum Partners, signals a new chapter in the internationalization of Korean beauty products. Founded in March 2023 by CEO Jeong-min Lee and COO Kim Yun-jin, both industry veterans, Signature Label aims to introduce Korean beauty brands to global markets, leveraging its expertise and extensive network. Lee is a former K-beauty commerce company B2Link member, who succeeded i ..read more
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SM Entertainment Founder Invests $7.5 Million in Korean AI Startup Mindlogic Inc.
Korea Tech Desk
by KoreaTechDesk Writer
1d ago
In a noteworthy development at the intersection of entertainment and technology,  Lee Soo-man, the visionary founder and former Chief Producer of SM Entertainment Co., has unveiled plans to invest up to 10 billion won (approximately $7.5 million) in MindLogic, a Korean startup specializing in the development of large language models (LLMs) and conversational artificial intelligence (AI) models. According to recent reports from the Korean startup industry, Mindlogic has secured a substantial Series B funding round amounting to 7 billion won ($5.2 million), with a significant portion of t ..read more
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Survey Reveals 70% of Korean Venture Companies Oppose the Proposed ‘Platform Regulation’ Act
Korea Tech Desk
by Richard Park
1w ago
In a climate of fervent debate surrounding the proposed ‘Platform Competition Promotion Act’ in South Korea, the Korea Venture Business Association (KVBA) has released survey results indicating significant opposition from the venture community. The Act, announced by the South Korean government in December 2023, seeks to regulate the online platform market by designating key platform companies as “dominant platform operators” and restricting them from engaging in unfair practices within the market.  The survey conducted by the KVBA targeted 230 venture companies, shedding light on prevai ..read more
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Globalizing Hallyu: K-Content Expo Propelling Korean Entertainment on World Stage
Korea Tech Desk
by Aditi Dave
1w ago
Korean content, often referred to as K-Content, has surged in popularity on a global scale, captivating audiences with its diverse array of entertainment offerings, ranging from gripping dramas to melodious music, stunning animation, and immersive webtoons. Recognizing the immense potential of K-content to foster cultural exchange and spur economic growth, the South Korean Ministry of Culture, Sports, and Tourism has embarked on a mission to promote and export K-content to international markets. Central to this endeavour is the series of “K-Content Expos” held across different countries. Th ..read more
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Korean Startups Forge Collaboration with OpenAI in Silicon Valley Event
Korea Tech Desk
by Richard Park
1w ago
In a landmark event held at the headquarters of OpenAI  in Silicon Valley, USA, ten innovative Korean startups were selected to collaborate with the global AI giant. The event, ‘K-Startup and OpenAI Matching Day,’ supported by the Korean Ministry of SMEs and Startups, served as a pivotal platform for fostering innovation and partnership in artificial intelligence. The event showcased 14 South Korean startups selected from a pool of 220 companies. These finalists emerged from a rigorous selection process initiated by OpenAI in collaboration with the Ministry of SMEs and Startups (MSS)&nb ..read more
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Polish Corporation ORLEN Calls on Korean Startups for Accelerator Program
Korea Tech Desk
by KoreaTechDesk Writer
1w ago
In a bid to foster global innovation and collaboration, ORLEN Group, one of Central and Eastern Europe’s most prominent multi-energy conglomerates and Rebels Valley, a leading Polish business consultancy, is reaching out to Korean startups for its leading accelerator program. The ORLEN Skylight Accelerator is an initiative that opens doors for young technological companies worldwide to accelerate their growth and commercialize their innovative products and services within one of the most prominent multi-energy conglomerates in CEE.  With its diverse portfolio encompassing the production ..read more
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Korea Information Security Industry Association (KISIA) Spearheads Cybersecurity Innovation and Collaboration
Korea Tech Desk
by KoreaTechDesk Writer
2w ago
In the rapidly evolving landscape of cybersecurity, South Korea stands as a global leader, propelled by its advanced information and communication technology infrastructure and a burgeoning tech-savvy population. However, with the proliferation of sophisticated cyber threats, the need for robust digital defenses has never been more urgent. In response to this challenge, the Korea Information Security Industry Association (KISIA) emerges as a driving force, spearheading efforts to fortify cybersecurity both domestically and internationally. Established as a non-profit organization under the M ..read more
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AIForPET Partners with Biotech Leader Proxi Healthcare for Pet Healthcare Product Development
Korea Tech Desk
by Dae-jung Park
2w ago
In a move set to redefine the landscape of pet healthcare, Korean startup AIForPet, a company specializing in innovative solutions for pet wellness, announced its strategic partnership with Proxi Healthcare, a leader in cutting-edge bio and healthcare technologies. This collaboration aims to leverage Proxi Healthcare’s world-class microcurrent technology and AIForPet’s extensive sales and marketing capabilities to propel advancements in the global pet healthcare market. Established in 2020, AIForPet has been revolutionizing pet care with its flagship product, ‘TT Care,’ a comprehensive ..read more
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Korean Law Firm SEUM Innovates Work-Life Balance with ‘Workation’ Program on Jeju Island
Korea Tech Desk
by Dae-jung Park
2w ago
SEUM Law, a leading legal firm based in South Korea, has introduced an innovative employee benefit program titled “Workation” to promote work-life balance and enhance productivity among its team members. The program, a blend of “work” and “vacation,” offers employees the opportunity to work remotely while enjoying the serene ambiance of Jeju Island. Since its launch in 2023, SEUM Law’s Workation program has garnered attention for its forward-thinking approach to employee well-being. Designed to alleviate the stress of daily routines, maximize work productivity, and foster personal growth, th ..read more
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Empowering Women in Business: Korea’s Ministry of SMEs and Startups Leads the Way
Korea Tech Desk
by Richard Park
2w ago
In a significant stride towards fostering gender equality and economic growth, South Korea’s Ministry of SMEs and Startups has launched an expansive plan aimed at empowering women in business. With a dedicated focus on expanding opportunities and support networks for female entrepreneurs, the ministry’s initiatives signal a transformative step towards inclusivity and sustainable development. Announced on March 7th, the ministry unveiled this year’s implementation plan to promote women’s business activities. Aligned with the Women’s Enterprise Act, this initiative follows a five-year basic pl ..read more
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