South Korea’s Q3 2021 tech news
• July, August and September of 2021
• Tech news headlines at a glance
• Quick reference for a time-poor audience
• One-click access to each full tech news article
• Online and drawn from daily tech news
July 2021 | August 2021 | September 2021
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September 2021
- An intro to the 9 startups selected for the 5-week Korea Tourism Organization Tourism Global Challenge 2021 program
- South Korea: National Assembly passes legislation banning app store operators including Google and Apple from forcing developers to use their in-app payment systems
- South Korea: Try Everything Global Startup Festival, online and offline event, set for September 15-17
- South Korea: Cryptocurrency traders brace for losses of more than $2.6BN as 2/3 of country’s crypto exchanges set to be wiped out in a regulatory overhaul
- Amazon Web Services launches Public Sector Startup Ramp program in SE Asia and South Korea, looking at tech in health, digital gov’t, smart cities, agriculture and space
- Korean Institute of Startup & Entrepreneurship Development and Turkish Presidency’s Investment Office ink MOU to boost investment and enable mutual startup support
- South Korea: Last month, gov’t committed to support country’s high-tech and entrepreneurial ventures with sights on becoming one of four major global ‘venture powerhouses’
- South Korea: An intro to Popping Car, rental and sharing service incorporating full-vehicle advertising
- South Korea: A brief intro to Brightn, video work collaboration tool for teams in advertising and marketing
- South Korea’s COO Builder opens startup centre in Ho Chi Minh City, providing support to Republic of Korea startups with market entry to Vietnam
August 2021
- South Korea: “…number of startups increased steadily to total 123K in 2020, up from 96K in 2016, 50K in 2008 and 61K in 2000…”
- An intro to 5 startups selected for Born2Global Centre and IDB Lab collaboration program, connecting Korean startups with those from Latin America and the Caribbean
- South Korea: An intro to the 10 startups selected for the TIPS Global Pre-Accelerator 2021 program, working in health-tech, cybersecurity, sports technology and more
- ICYMI: South Korea’s central bank selects Ground X, Kakao’s blockchain subsidiary, as partner in 10-month central bank digital currency simulation project
- Ripple adds instant payments from South Korea to Thailand, connecting GME Remittance to Siam Commercial Bank
- South Korea: Dot Inc takes win at TechCrunch XTC Global Final with solutions including tactile tech for the visually impaired such as a Braille ‘smart watch’
- A brief intro to 10 South Korean tech startups selected for the NIPA Startup Program and focused on entering India with solutions in AR, ed-tech, dating and more
- South Korea: Samsung to participate in Bank of Korea pilot project to build a platform for a central bank digital currency
- South Korea: Seawith food technology firm looking to launch lab-grown steak inside 2 years, with sights on bringing prices down as low as $3 per kg by 2030
- South Korea: A brief intro to the 10 startups taking part in TIPS Global Pre-accelerator 2021 program, working in AI, healthtech, fitness and more
- South Korea to lift gaming curfew for children: “…law is not having any positive effect and does not reflect changes in the gaming environment…”
- South Korea: Cybersecurity-specific language in 2021 Biden-Moon summit suggests new measures to diversify alliance beyond traditional North Korea deterrence
- Australia’s SEEK, owner of JobStreet and JobsDB, takes 10% stake in JobKorea, Korea’s largest online employment platform
- e-news, latest issue: Music NFTs in China, Korean food-tech, India’s 19min deliveries, Facebook’s NOVI digital wallet…
- e-news, latest issue: Huawei EVs, Korean gaming curfew, blockchain in Indian finance, Thailand’s digital asset news…
- Video: Day 1 of the recently-held New Zealand Korea Tech Roadshow 2021, showcasing New Zealand as a testbed for agricultural technologies
- e-newsletter, latest issue: Korea & cybersec, Visa India’s offline payments, China’s datasec moves, Xiaomi and autonomous vehicles…
July 2021
- South Korea: Mathpresso fast-growing edtech startup raises $50M Series C with app-based mobile learning incorporating AI
- South Korea: Dtonic big-data processing startup takes win at SelectUSA Tech Asia-Pacific pitch competition, growing from start as a Hyundai spin-off
- South Korea: Tru Technologies gains $3.3M Series A with TruLab securities lending trading platform, automating securities lending transactions
- South Korea: KT telco partners KB Financial Group to launch 7-story Gwanak S Valley Startup Center to house digital startups, aiming to develop future partners
- South Korea: Tridge secures $60M with agriculture marketplace linking farmers in more than 150 countries with food buyers around the world
- South Korea’s Coupang e-commerce giant enters Taiwan and commences delivery options testing, one month after also launching in Japan
- Impact Collective launches call for Cohort 2 applications to solve globally-relevant challenges faced by the Asia-Pacific region
- South Korea: NX Nivea Accelerator announces five winners of its annual start-up acceleration program
- Korea Int’l Trade Association, BMW Group and others ink MOU for BMW Testbed Project to discover promising startups in the country
- South Korea: POSCO steel giant launches CHANGeUP GROUND Pohang startup incubator focused on science and tech firms
- South Korea’s Sandbox Network, country’s largest multichannel network, makes major expansion in China, establishing local entity, Shanghai Sandbox Media
- South Korea’s SK Group holding company partners China’s Joyvio Group food firm to create $86.7M fund for food-tech startups, focusing on the growing alternative foods market
- South Korea: Prinker temporary tattoo startup launches platform for artists and studios to showcase work and generate a new following of enthusiasts and customers
- “Nestled between the two global powers, geographically and strategically, South Korea is already a major player in chip manufacturing and it’s not going to give up its position without a fight.”
- Korea’sFuturePlay accelerator inks MoU with Indonesia’s Bandung Institute of Technology to discover and accelerate early-stage startups in Indonesia
- e-news, latest issue: Singapore restaurant AI, B2B in Indonesia, Korean incubator, Australian on-demand parking…
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