South Korea Digest – 27 Jul

Here you can find some interesting startup news from South Korea, not only in its capital, Seoul, but also other their startup hubs such as Busan, Incheon, Ulsan and many more. These news are taken from our partner, onsuccess, a media enterprise on start-ups and ventures in Korea.

(1) English education app ‘Suddenly Logical English’, which is produced by Cocone, ranked first among all the paid apps in the domestic appstore. Another English learning app ‘Suddenly Audible English’ has ranked first in Korea and Japan’s appstore last month.

(2) Futurestream Networks’ Korean mobile ad platform Cauly succeeded in scoring an additional 3 billion Korean won from Capstone Partners LLC, a well-known venture capital firm. It is the second round fundraising this year FSN (Futurestream Networks) has succeeded in, raising a total of 4.2 billion Korean won in 2011 alone.

(3) ShallweAD, a leading domestic professional advertising agency that connects advertisers and App developers in delivering advertisement on smartphone applications, is one of the rising mobile ads platform in Korea.

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.