south korea

  • Optimizing South Korean Technology For American Users Crunch Network

    Optimizing South Korean Technology For American Users

    Navigating culture and business practices can be a trying task for any company going global. For tech companies, this often can mean coping with varying degrees of Internet connections from different service providers. If one is not careful, this could be an insurmountable hurdle. Success or failure can depend on a company’s ability to quickly adapt and prepare for the unexpected. Read More

  • Lessons from Seoul’s Two Sharing Economies Crunch Network

    Lessons from Seoul’s Two Sharing Economies

    As a Fulbright grantee, I spent part of the last year researching the sharing economy in Seoul. One of my main findings? Korea actually has two. The first is small-scale, hyper local and socialist in flavor. The second is the polar opposite of the first, and encompasses Airbnb and Uber, the enormous, multinational corporations that remain those best associated with the term “sharing… Read More

  • Samsung’s Profit Continues To Slide As Its Smartphone Unit Struggles

    Samsung’s Profit Continues To Slide As Its Smartphone Unit Struggles

    As the company forecasted earlier this month, Samsung Electronic posted yet another drop in its quarterly profits. This marks its seventh quarterly decline in a row as the company’s smartphone unit struggles to keep up with competitors like Xiaomi. Sales of its flagship Galaxy S6 and S6 Edge also failed to live up to expectations, and the company is reportedly planning price cuts for… Read More

  • Leading Seoul Accelerator SparkLabs Presents Its Fifth Startup Batch

    Leading Seoul Accelerator SparkLabs Presents Its Fifth Startup Batch

    With its high smartphone penetration rate, extremely speedy broadband, and government support, South Korea’s startup ecosystem is one of the most notable in Asia. SparkLabs, one of Seoul’s top accelerators is hoping its fifth batch will produce new success stories (alumni include online beauty product retailer Memebox, another one of Korea’s top-funded startups). Read More

  • South Korean Team KAIST Wins DARPA Robotics Challenge With Bipedal Wunderdroid

    South Korean Team KAIST Wins DARPA Robotics Challenge With Bipedal Wunderdroid

    The DARPA Robotics Challenge Finals is a tough contest. Designed encourage researchers to create robots that can handle multiple difficult environments and tasks including breaching a door, turning a valve, and negotiating obstacles, many robots entered but only one won – DRC-HUBO from a joint team that included researchers from the University of Nevada, Las Vegas and Team KAIST from… Read More

  • Samsung Electronics Forecasts Q1 Profit Decline, But May Be Poised For Recovery

    Samsung Electronics Forecasts Q1 Profit Decline, But May Be Poised For Recovery

    Samsung Electronics just issued its earnings guidance for the first quarter, and once again the company, which has seen its smartphone sales eroded by increasing competition, said it expects another drop in operating profit. Read More

  • Daum Kakao Debuts Uber Rival KakaoTaxi In South Korea

    Daum Kakao Debuts Uber Rival KakaoTaxi In South Korea

    Daum Kakao, the maker of South Korea’s most popular messaging app, launched KakaoTaxi in Korea today. The new service is a potentially strong competitor to Uber and is the beginning of Daum Kakao’s initiative to extend online-to-offline products to the 48 million active monthly users of KakaoTalk. Read More

  • TechCrunch Meetup + Pitch-Off is Coming To Seoul Next Month

    TechCrunch Meetup + Pitch-Off is Coming To Seoul Next Month

    TechCrunch is thrilled to be heading to South Korea in a few short weeks, and we want to see all you Seoul techies there! On April 16, several TechCrunch writers and editors will head to Seoul for the latest TechCrunch Meetup and Pitch-Off, presented in collaboration with Google’s Campus Seoul. Read More

  • With $29M In Funding, Memebox Brings Korean Beauty Products To The World

    With $29M In Funding, Memebox Brings Korean Beauty Products To The World

    For many people around the world, their exposure to Korean pop culture is still limited to the aural and visual wonders of Psy’s “Gangnam Style” video. In much of Asia, however, the demand for Korean entertainment and products is so strong that it even has a special term in Chinese and Japanese that means the “Korean Wave.” Beauty products are a breakout export… Read More

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