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When walking the streets of Seoul it is common to see people using the latest technologies. Furthermore, Koreans are known to experiment with new technologies and are eager to participate in consumer testing studies. This information is hardly surprising however, considering the fact that South Korea is one of the most wired countries the world.

In fact, the current president — Park Geun-Hye — has taken advantage of these conditions by creating government-sponsored programs that accelerate the growth of Korean startup companies.

Increased governmental support and shifting cultural paradigms have lead to an upsurge of startups operating in Korea. A considerable number of these companies have million — in some cases billion — dollar annual revenues. The increasing profitability of Korean startups has piqued the interest of investors, accelerators and incubators around the world. These developments suggest that South Korea is well on its way toward becoming the Silicon Valley of Asia.

Below is a list of 30 Korean startup companies that investors should look out for in Their service allows users to negotiate the particulars of their loan without involving a middleman. Seoul-based startup Baedal Minjok is the fastest growing restaurant delivery app in Korea. BankSalad is a financial startup that provides its users with credit card, savings and checkings account recommendations based on their lifestyle and purchase behavior.

BEAT app is a streaming service where music fans stream the latest K-Pop songs and share them with friends. They can also use the app to keep track of what their favorite musicians are listening to and interact with other K-pop fans. CarbonEyed is a development studio that creates unique, fresh and entertaining games.

They specialize in games with visually stunning graphics and simple interfaces. DiGiFi is a global company that developed a low-orbit satellite that enables Internet access across large areas of land. Dunamu is the developer of News Mate, a mobile application that provides digital copies of newspapers and magazines in Korea.

They also designed the Kakao stock tracker app Stock Plus. Funda is a P2P lending platform that allows small specialty shops and retail stores to secure funds. The app helps the owners of small stores locate and negotiate terms with investors with an easy-to-use interface. Good Choice is an O2O platform providing access to over 4, accommodation options.

The service lists and categorizes lodging options according to their location. Good Choice also allows customers to rate and review their visits. Currently, the service is the most popular O2O platform in Korea. IGAWorks is a company that creates integrated mobile marketing and intelligence platforms.

Their services enable app publishers to monetize their apps and increase their profitability. JANDI is an office messenger custom-built to meet the needs of business teams and empower them via real-time messaging, file sharing and unlimited data storage.

Kaminot is the first robot that teaches children how to code. The robot uses an open-source programming interface that allows the robot to be programmed via computer or tablet. Currently, the startup has 33, members and 2, merchant accounts. This one-of-a-kind company combines the worlds of beauty and tech. Memebox collaborates with YouTube celebrities and beauty gurus to create beauty packages that address the needs of numerous demographics.

MyMusicTaste is a crowdsourcing platform helps music fans organize concerts and live events in their city. The site helps bring performers to cities they may otherwise have overlooked.

This service allows individuals to locate sponsors for their desired projects. Park Here helps drivers locate and reserve parking spaces in advance. This easy to use service is especially useful in large, densely packed areas. PATI Games is a mobile game developer. Their company specializes in games for younger demographics and social networking sites.

Send Anywhere allows anyone to send files across various platforms, without logging in or signing up for an account. Socar is an eco-friendly car sharing service that allows travelers to locate and drive nearby rental cars. Similar to Zipcar, users receive a keycard when they sign up for an account. Users are charged according to how many hours they drive the car.

Toss is an application that makes it incredibly easy to transfer funds without remittance fees. The app is less complicated than traditional online banking apps and allows users to make secure transactions via text message. Afterward, the device provides suggestions based on current environmental conditions and user hydration levels.

Wemakeprice is a Korean e-commerce platform and Internet advertising service. The company specializes in mobile shopping services and is an innovator of product pricing. YAP is a location-based O2O platform that helps consumer locate doctors, restaurants, parking spaces and more! It also compiles a list of coupons that can help members save money on purchases.

Yogiyo is a Korean subsidiary of the Germany based delivery service Delivery Hero. It is an online mobile food-ordering platform that helps deliver food to customers with the click of a button. Zig Bang is a real estate app that helps house hunters find new homes. Zikto is a fitness and activity tracker that analyzes your unique walking pattern to help you walk with the best posture possible. It is also capable of helping users monitor their sleep patterns and the amount of calories burned.

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Newsletters Jobs Events dark. Explore Magazines News Startups. Silicon Luxembourg. Authors: Silicon Luxembourg, and G3 Partners When walking the streets of Seoul it is common to see people using the latest technologies. Silicon Luxembourg Author. We are Silicon Luxembourg — a fast-growing media company that covers digital stories in Luxembourg. Whether you are looking for startup news, digital insights, events, job opportunities or to increase awareness of your business, Silicon Luxembourg is here for you.

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With a population of around The Transaction Value is expected to show an annual growth rate of The country is posing a challenge to China and India in setting up the healthiest fintech eco-system among the Asian nations. To get an insight into the fintech sector in the country, here are 10 popular fintech companies you should watch. Developed by Samsung electronics, Samsung Pay allows users to make payments using compatible phones and other Samsung-produced devices. Last year, the company announced that Samsung Pay would be available in a variety of banks in Brazil, Australia, Spain, and Singapore. Samsung has over one million active users of Samsung Pay in South Korea alone.

BankSalad is a financial startup that provides its users with credit Their services enable app publishers to monetize their apps and.

The Top 25 Financial Technology CEOs Of Asia For 2020

Metals and mining company Vedanta has raised Rs 8, crore secured term loan from Union Bank of India at 7. The lender, in which ace investor Rakesh Jhunjhunwala is an investor, said a fall in total provision and recovery from bad loans helped to log a more than two-fold rise in net profit at Rs 2, crore for the December quarter. Net interest margin, a key profitability parameter, rose to 2. The bank's net interest income rose 14 per cent year-on-year at Rs 6, crore. Jhunjhunwala held 2,90,97, shares or a 1. The deal will be launched in the Asian loan syndication market shortly to capture interest from a wider investor community. Nifty 17,


101 Best South Korea FinTech Startups – The Future of FinTech

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This article showcases our top picks for the best South Korea based FinTech companies. These startups and companies are taking a variety of approaches to innovating the FinTech industry, but are all exceptional companies well worth a follow.

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AIM is an automated investment service that uses artificial intelligence AI to lower fees and give a higher return on investment. The platform offers customized advice and portfolio allocation using algorithms. The company is regulated as a qualified investment adviser registered with the South Korea Financial Services Commission. In January , the company began laying off employees in South Korea in response to declining trading volume and profits, the burst in cryptocurrency bubbles in , as well as part of its focus on expanding overseas, including in Japan, Thailand and most recently the United Arab Emirates UAE. That same month, OTC-listed holding company Blockchain Industries signed a binding letter of intent to merge with Bithumb on or before March 1, Founded in February , the company is headquartered in Seoul with offices in Tokyo.


South Korea’s Banks Commit US$492.7 Million to Digitisation

Investments are focused on growing and fostering blockchain and fintech ecosystems. Updated on May Dunamu clarified that their investment in Ozys, a creator of decentralized crypto exchange Allbit, is not a part of the portfolio of the 26 startups. The investments were made following the company announcement in March , where Dunamu revealed its three-year plan to invest KRW billion c. USD 84 million into the developing of the blockchain industry. Two startups remain undisclosed. TTC Protocol, a decentralized and token incentivized protocol for blockchain-based social networks. Terra, a stablecoin developer. Nabu Studio, a developer of daily fantasy sports and online sports management games.

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101 Top South Korean Financial Services Companies and Startups

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This article showcases our top picks for the best South Korean based Financial Services companies. These startups and companies are taking a variety of approaches to innovating the Financial Services industry, but are all exceptional companies well worth a follow. We tried to pick companies across the size spectrum from cutting edge startups to established brands. Data sourced from Crunchbase and SemRush.

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