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1167

Formation 8 raising US$400M late-stage fund for Asia

E27.CO: A special focus of the fund will be Southeast Asia and South Korea, with the US$400M likely being spread across 10 gigantic investments
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InspirAsia, Korea

June 30, 2015

1007

South Korean restaurant discovery app MangoPlate raises US$6.1M

E27.CO: South Korean restaurant discovery app MangoPlate has announced today that it has secured US$6.1 million from venture investment group of Qualcomm Incorporated, Qualcomm Ventures, as well as SoftBank Ventures Korea and YJ Capital, a venture capital firm established by Yahoo!JAPAN. This marks YJ Capital’s first investment in a Korean company. (more…)

Deals, InspirAsia, Korea

June 30, 2015

1173

Korean Crowdfunding Platform For Creative Artists Raises $16M Funding

TECHINASIATumblbug, a South Korean crowdfunding platform for the creative arts, announced today it has raised KRW 17 billion (just over US$15.5 million) in series A investment, according to BeSUCCESS. The funding comes from DCM, Strong Ventures, and Naver, the maker of messaging app Line. (more…)

Crowdfunding/investing, Deals, InspirAsia, Korea

May 21, 2015

1496

Regulator Set to Allow Banks to Fund Fintech Firms

The Korea Bizwire: South Korea’s top financial regulator said Wednesday that it will pave the way for local banks to invest in financial technology firms as part of its efforts to boost the integration of the two industries. According to current financial laws, financial institutions are allowed to buy stakes in or make contributions only to companies in the same business sector. (more…)

Global trends, Government activities, InspirAsia, Korea

May 6, 2015

1092

South Korea’s Central Bank To Develop Biometric Payment Standards

The Paypers: South Korea’s central bank has revealed plans to develop standards for biometric identification that is used to authenticate digital transactions. The Bank of Korea revealed that the Committee on Financial Informatization Promotion (CFIP) will develop the technical standards before the end of H1 2015, and then test such services in H2 with domestic commercial banks. (more…)

InspirAsia, Korea

May 4, 2015

1446

How KakaoTalk’s Billionaire Creator Ignited A Global Messaging War

FORBES: How KakaoTalk’s founder ignited a global messaging war. Kim Beom-Su, the son of a factory worker and a hotel maid, has become a billionaire by building a technological empire. Why is it difficult to grow outside of South Korea?

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Analytics, Fintech news, Global trends, InspirAsia, Korea, news

March 2, 2015