[Korean Startup Weekly News #13] FSC of Korea Launches KRW 50 Billion Fund to Empower Fintech Innovation

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Period : Apr 8th – Apr 14th, 2024

Headline

FSC of Korea Launches KRW 50 Billion Fund to Empower Korea’s Fintech Innovation
The FSC of Korea convened with fintech and investment leaders, discussing a KRW 50 billion fund to enhance fintech innovation, with plans for a new fund and international expansion support.

NextRise 2024 Seoul: Connecting Startups with Investment Opportunities and Industry Leaders
Korea Development Bank (KDB) and Korea International Trade Association (KITA) to host ‘NextRise 2024, Seoul,’ Asia’s largest startup fair, on June 13-14 at COEX, Seoul.

KISED of MSS and Siemens DISW Renew Partnership to Foster Startup Growth
MSS of Korea and Siemens DISW, renewed their MOU to enhance the ‘Mediterranean’ program, aiming to foster more startups through global corporate collaboration.

Check out the latest funding news for Korean startups

ArtBlood Secures KRW 6.5 Billion in Series A for Synthetic Blood Production
ArtBlood, a Korean biotech startup, has raised KRW 6.5 billion for its unique technology to produce synthetic blood, promising significant health and welfare contributions.

Korean Space Medicine Startup SpaceLiintech Lands 4 Billion KRW Series A Funding
Korean space medicine firm SpaceLiintech secures 4 billion KRW in Series A funding from Company K Partners and Woori Venture Partners, fueling its space medicine operations and research platforms.

Lattice Secures 2 Billion KRW Pre-Series A Funding for Prix Contract Solution
Korean startup Lattice, known for Prix contract management, secures a 2 billion KRW pre-Series A investment round.

Sherpas Secures Funding for AI-Based ‘Saas and IT Asset Management’ Service
Sherpas, a Korean company operating SMPLY, an AI-based ‘SaaS and IT asset management’ service, has secured pre-Series A funding from BonAngels Venture Partners.

KALMAN Secures Funding for Innovative Unmanned Nuclear Plant Robots
South Korean startup KALMAN, specializing in unmanned robots for nuclear power plant maintenance, has secured additional investment of KRW 500 million from The Invention Lab.

Meet startups that are striving for global expansion through exclusive interviews

[Korean Startup Interview] TCMS : Boosting EV Battery Separator Safety with Innovative Technology, Eyeing for Global Expansion
Korean company TCMS develops innovative “stretching clips” to produce safer and more efficient EV battery separators, aiming for significant impact in the global battery industry.

TheVentures Backs Reppley and At for AI-Driven Conversation and Work Solutions
The Korean VC TheVentures invests in AI startups Reppley and At, aiming to revolutionize daily chats and workplace tasks with cutting-edge technology.

Mathpresso’s QANDA Hits Record KRW 17B Revenue, Targets Global Growth
Mathpresso’s QANDA platform reported a record KRW 17 billion in 2023 revenue, achieving significant growth and planning for profitability and global expansion by end of 2025.

Deeping Source Partners with Aix to Transform Japanese Retail with AI
Korean startup Deeping Source partners with Aix to enter Japan, enhancing retail operations with their AI-based ‘Store Caring Solution’ to improve shopping experiences and boost sales.

COEX Hosts ‘World IT Show 2024’ for Major Tech Collaboration in South Korea
COEX’s ‘World IT Show 2024’ in South Korea offers business and investment opportunities among IT companies, featuring innovative startups, technology presentations, and matchmaking events.