South Korea has emerged as a hotbed for startups in recent years due to its vibrant technological ecosystem, government support, and rapidly growing consumer base. The presence of global companies has proved to be highly advantageous as these corporations provide substantial support and investments to local entrepreneurs. International companies and global investors have also recognized the potential of the Korean business landscape. The many advantages of business ventures in South Korea, like an evolved domestic market, the fastest internet connectivity, advanced technological infrastructure, convenient geographical location, etc., have fostered the growth of foreign startup ventures.
Support from the Korean government also has a decisive role to play, like the K-Startup Grand Challenge, the largest outreach program by the Korean government. This has become a great opportunity for global startups aiming to expand their businesses in Asia.
In this edition of Startupcity APAC, we showcase the top startups in Korea which are aimed at making a visible impact through their products, services, and solutions.
The magazine also features the expert perspectives of Kunio Katsube, Managing Director, Head of Investment Research Japan Investment Corporation, and Vladimir Velmeshev, Managing Partner and Chief Operating Partner, Kosmos Ventures. These esteemed professionals share their invaluable insights concerning the transformations and developments within the startup space, along with the ensuing challenges and possible solutions.
We hope these valuable insights from industry leaders featured in this edition will assist you in making informed decisions for your businesses.
Let us know your thoughts.
Top Startups in Korea
Bilix |
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| Bilix is a biotech company that has developed a proprietary methodology to chemically synthesize bilirubin, a potent antioxidant with therapeutic efficacy in diverse diseases. Its drug, Brixelle, has superior potential in treating ischemic reperfusion injuries associated with acute myocardial infarction, organ transplants, strokes, skin diseases, and more. | |
EndoRobotics |
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| By adding a robotic arm at the end of an endoscope, EndoRobotics enables physicians to more effectively hold and manipulate a lesion. The product’s four degrees of freedom, extensive motion capability, and ability to cope with various situations highly benefit endoscopic surgeries. | |
KevinLAB |
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| Based in Korea, KevinLAB strives to provide solutions by developing core energy management platform solutions and devices that aim to solve urban problems like energy management, environmental and housing problems through IoT, cloud, big data, AI and digital applications. | |
Korea Water Technology |
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| Korea Water Technology (KWT) is pioneering the development of drum-type electro-osmosis sludge dehydrators, a technology that uses the electro-osmosis phenomenon to efficiently reduce the volume of water and weight of sludge cake in a fast, efficient, and eco-friendly way. | |
Progeneer |
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| Progeneer is a research-led biotech company with expertise in nanotechnology. It is a prominent Korean startup that is making waves in the biotechnology industry with its ground-breaking technologies in vaccine adjuvants and cell-free protein synthesis. With a focus on personalized cancer vaccines and advanced adjuvant platforms, it is filling crucial gaps and revolutionizing the biotechnological space. | |
Teladia |
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| Teladia is a digital logistics platform provider and a global logistics consulting firm. Teladia, with 25 years of international experience, is a startup that plans to set sail on the path of Software as a Service (SaaS). The company’s ultimate goal is to scale up Teladia to become a Green Digital Freight Forwarder, initially focused on the Europe-Asia trade. | |
TissenBioFarm |
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| Using world-class biotechnologies and tissue engineering techniques, TissenBioFarm is revolutionizing the food production industry with a breakthrough method of producing cultivated meat that perfectly mimics the organoleptic properties of traditional meat, such as flavor, aroma, touch, and appearance. | |
SOL |
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| SOL is a disruptive bio-tech company with semiconductors for lens-free sensors. | |
ALPHA CIRCLE |
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| ALPHACIRCLE is a software development company where it supplies an ultra-high-definition playback solution for VR video. VR experiences such as dizziness or motion sickness. | |
PURIFYTECHNO |
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| PURIFYTECHNO is a research institute established in the R&D special zone established by joint investment in order to directly commercialize the technologies possessed and developed by the Environmental Engineering Research Institute of the Gwangju Institute of Science and Technology. | |
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