South Korea Digest: GS Home Shopping investments, SoftBank Ventures invests in VCNC, and more

(1) GS Home Shopping invested in four startups from late 2010 and throughout 2011, totaling 6 billion won (US$5.2 M)

(2) SoftBank Ventures announced on the 22th December 2011 that it invested 1 billion won (US$ 900,000) in VCNC, a Korean startup. Founded last February by five people including CEO Park Jae-wook, who got a B.A. in electronic engineering from Seoul National University, VCNC (Value Creators & Company) developed ‘Between’, a social networking service for couples.

(3) The famous mobile messenger app ‘Kakao Talk‘ is suffering from the ‘Kakao Talk Jail’ issue. It constantly invites random people to the group chatting room, causing people to be annoyed by endless notifications.

(4) Group buying site Ticket Monster was renamed TMON. It started using top actor Gong Yu as its brand ambassador for its advertising campaign. Still ‘Ticket Monster’ remains the company’s corporate identity.

(5) Korea is chosen as the most app-crazed country per capita.

(6) The Korean Angel Investment Matching Fund is set to raise 10B won (US$8.6M). The fund will be used to boost growth momentum for startups. The Small and Medium Business Administration of Korea will back it up by start a support center for angel investment and offering more diverse incentives for angels.

This has been brought to you by SGE and OnSuccess. OnSuccess is a media enterprise for start-ups and ventures in Korea. OnSuccess introduces innovative Korean start-ups and ventures to people overseas through media partners and inspires readers by sharing interesting business ideas and trends from all over the world. Furthermore, OnSuccess holds various events, offering actual chances for Korean start-ups and ventures to meet other start-ups, venture business partners and investors abroad. They publish in both Korean and English.

We thank nordicfactory for the flag image.

South Korea Digest: Enswers acquisition, Samsung denied collecting users’ data, and more

Here are some interesting startup news snippets from South Korea, not only in its capital, Seoul, but also other startup hubs such as Busan, Incheon, Ulsan and many more. These stories are taken from our partner, OnSuccess, a website on start-ups and entrepreneurship in South Korea. Read more

South Korea Digest: 4S STUDIO by Waterbear Soft, Global Business Support Center in Seoul, and more

Here are some interesting startup news snippets from South Korea, not only in its capital, Seoul, but also other startup hubs such as Busan, Incheon, Ulsan and many more. These stories are taken from our partner, OnSuccess, a website on start-ups and entrepreneurship in South Korea. Read more

South Korea Digest: Korean teens barred from games after 12am, Cyworld goes global, and more

Here are some interesting startup news snippets from South Korea, not only in its capital, Seoul, but also other startup hubs such as Busan, Incheon, Ulsan and many more. These stories are taken from our partner, OnSuccess, a website on start-ups and entrepreneurship in South Korea. Read more

South Korea Digest: ID101 investment from Perfect Storm, foreign game companies enter Korea, and more

Here are some interesting startup news snippets from South Korea, not only in its capital, Seoul, but also other startup hubs such as Busan, Incheon, Ulsan and many more. These stories are taken from our partner, OnSuccess, a website on start-ups and entrepreneurship in South Korea. Read more

South Korea Digest: Nexon partners with DeNA, Enspert collaborates with Google, and more

Here are some interesting startup news snippets from South Korea, not only in its capital, Seoul, but also other startup hubs such as Busan, Incheon, Ulsan and many more. These stories are taken from our partner, onsuccess, a website on start-ups and entrepreneurship in South Korea. Read more

South Korea Digest: Chinese game company invests in local venture partnership, and more

Here are some interesting startup news from South Korea, not only in its capital, Seoul, but also other startup hubs such as Busan, Incheon, Ulsan and many more. These stories are taken from our partner, onsuccess, a website on start-ups and entrepreneurship in South Korea. Read more

South Korea Digest: Waterbear Soft investment, Lotiple preferred stock acquired, and more

Here are some interesting startup news from South Korea, not only in its capital, Seoul, but also other startup hubs such as Busan, Incheon, Ulsan and many more. These stories are taken from our partner, onsuccess, a website on start-ups and entrepreneurship in South Korea. Read more

South Korea Digest: Tech news not influential, fashion website Style Share launches, and more

Here are some interesting startup news from South Korea, not only in its capital, Seoul, but also other startup hubs such as Busan, Incheon, Ulsan and many more. These stories are taken from our partner, onsuccess, a website on start-ups and entrepreneurship in South Korea. Read more

South Korea Digest: Kakao Talk going global, Moglue’s interactive e-books, and more

Here are some interesting startup news from South Korea, not only in its capital, Seoul, but also other startup hubs such as Busan, Incheon, Ulsan and many more. These stories are taken from our partner, onsuccess, a website on start-ups and entrepreneurship in South Korea. Read more