South Korea’s Ministry of SMEs and Startups (MSS) announced that it is considering the launch of a ₩1 trillion ($749 million) fund of funds this year to boost the country’s innovative venture industry. A statement released by the ministry said Minister Lee Young aims to leverage the capabilities of the MSS to support the innovative […]

SKS Capital, a venture capital and private equity firm based in Shanghai and Taipei, has announced its strategic investment of $5 million in Grace, Korea’s largest aggregator of international health and beauty brands. SKS Capital is the lead investor in Series B funding, and the capital raised will be used to expand Grace’s business operations […]

Alchemy Pay, a Singapore-based payment gateway that connects crypto and global fiat currencies, has secured $10 million in funding from DWF Labs, a prominent multi-stage web3 investment firm, to expand its payment business in Korea. The funding will be used to capitalize on the region’s high level of cryptocurrency acceptance and assist Korean enterprises in […]

Binance, the llobal blockchain ecosystem and cryptocurrency infrastructure provider, has invested in GOPAX, a South Korean cryptocurrency exchange licensed to provide fiat-to-crypto services to customers. The investment was part of Binance’s Industry Recovery Initiative (IRI), according to the announcement. Launched at the end of 2022, the IRI is a co-investment opportunity for organizations wishing to […]

South Korea-based startup SeaVantage has announced raising $1.3 million in a funding round backed by We Ventures, IBK Capital, Lindeman Asia Investment, and BCD Labs. The startup, which provides real-time ocean supply chain visibility, said it will use the fresh funding to expand its ocean visibility platform, which has been used by shippers and logistics […]

GXC, a Jeju, South Korea-based global video game solution company, has announced the launch of Round Ventures, a $40-million new venture capital fund that will invest in early-stage gaming firms and startups. Round Ventures will lead investments of $500,000 to $1 million into proven early-stage game startups, then co-invests with renowned partners such as game […]

CLASSUM, a South Korea-based B2B SaaS company that provides and interactive learning platform, has announced raising $11 million in its pre-Series B funding round. The funding round was anchored by Dunamu & Partners and participated by Silicon Valley-based Big Basin Capital and South Korean investor Pearl Abyss Capital. The startup, founded in 2018, said it […]

Crypto.com, the world’s fastest growing cryptocurrency platform, announced today it has secured Electronic Financial Transaction Act and Virtual Asset Service Provider registration by acquiring payment service provider PnLink Co. Ltd. and virtual asset service provider OK-BIT Co. Ltd. “This is an exciting next step for Crypto.com in an important market,” said Kris Marszalek, Co-Founder and […]

Terapin Studios, a US-headquartered digital content producer, has acquired Toomics, one of South Korea’s top 5 webtoon platforms, after raising $93 million from Affirma Capital and NPX Private Equity. According to the announcement, Affirma Capital invested $38 million in Terapin Studios as part of a $93 million co-investment made with NPX Private Equity, a Korea-based […]

Anipen, a South Korean metaverse platform, has raised around ₩11 billion ($8.3 million) in a Series C funding round backed by Medici Investment, Ulmus Investment, and Korea Development Bank, according to a Forkast report. The company, a deep learning-based metaverse platform developer, said it will use the fresh funding to expand its metaverse content services […]