WishLink, Inc. was founded by two of Korea’s leading experts in
online shopping. Less than 1year since the launch of its service,
‘KakaoStyle’, in May 2013, its monthly revenue reached almost $1
Now they terminated the contract of ‘KakaoStyle’ and transferred
business rights to ‘DaumKakao’. They launched the Chinese
version of KakaoStyle, StyleDo, in late 2014.
Chinese version of ‘KakaoStyle’, ‘StyleDo’ was started in late 2014.
The services provides daily updated fashion items from the most
popular Korean fashion shops. It features easy purchase system
and low delivery cost to gather all user’s ordered items from
multiple shops and send it with one box.
Top class Korean retailers such as ‘StyleNanda’ and ‘Naning9’ are
registered on the services since its launch in late 2014.
‘StyleDo’ will establish itself as a mobile fashion platform to
retailers and an information service on trends to fashion-forward
The Mverse team:
- Shi Hyun Joo, CEO: KAIST graduate; Consultant at Bain &
Company; Co-Founder of Silicon Valley startup ‘Style Says’
- Tae Eun Kim, Executive: KAIST graduate; Winner of the Red
Dot Award: Design Concept
‘Surprise’ app aggregates the latest announcements about sales at
major stores such as Nike, Lacoste and Zara for easy viewing.
Users can subscribe to their favorite brands, so that the mobile
application remembers to notify them with coupons or deal info
when passing by the brand retail stores. Shopping feed is also
available, which provides various tips for high quality shopping
Achieved 0.3+million downloads in just 2 months since the launch
in February 2014, without any advertisement expense; and the
rate of revisiting is approx. 90%.
Vingle was founded by serial entrepreneurs Changseong Ho and
Jiwon Moon, famous husband and wife entrepreneurs who
successfully founded the Silicon Valley startup, Viki, which was
acquired by Rakuten in 2013.
Idea of Vingle started in November 2011, while previous work Viki
got under its way. Maintaining the service successfully until now
with global users.
Vingle is an interest-based community platform that allows people
to connect via their shared interests.
Launched its web version in July 2012, Android version in March
2013, and iOS version in June; Vingle’s monthly visitors has
already achieved 9+ million coming from over 105 nations
including U.S., Japan, Indonesia and Mexico. Accomplished 100
million page views as of May 2014.
Two long-time colleagues at Korea’s largest antivirus software firm,
AhnLab, Inc., combined their technical & business expertise to
found Kids Note.
Kids Note made the world’s first mobile platform for parents and
children through closed SNS service with nursery and pre-schools.
Real-time communication with their kids while they are out-of-
sight provide the parents sense of comfort and assurance.
Kids Note became a part of DaumKakao as a subsidiary company
in January 2015.
The ‘Kids Note’ app, a smart notification service, is the first of its
kind and a clear market leader in its category. Parents and
administrators can communicate through bulletin boards or
regular Q&A-style chat, asking to any existing SNS services out
As of Oct. 2015, the service has been used by approximately 30%
of nursery and preschools in Korea, and achieved 0.7 million
monthly active user(MAU).
Kids Note entered the Japanese market with its service in
December 2015 .
Dunamu Founder & CEO Chi Hyung Song was designated to
teach Korea’s most talented engineers as a Mentor in the Korea
Software Maestro Program, a prestigious training system operated
by South Korea’s Ministry of Trade, Industry & Energy.
Dunamu CSO Hyung Nyun Kim is the former CEO of Futurewiz, a
mobile finance information and solution company based in Korea.
Dunamu raised follow-up investment of 3 million from Kakao and
signed a strategic business agreement for securities and financial
services in September 2015.
‘Stocks Plus for Kakao’ allows users to easily check their stock
quotes in real-time through Kakaotalk, It has a social feature
through which users can see which stocks their friends are
keeping track of. The app was able to achieve 20 million page
views and 1 trillion cumulative turnover. (September 2015)
The partnership with Kiwoom and Mirae asset made it possible to
adopt the function to trade stocks directly and discussion for more
partnerships with other major stock companies is still in progress.
The newly opened web version of ‘StockPlus Insight’
(http://insight.stockplus.com/)’ offers a place for professional
investors and analysts to communicate and share their
Dunamu also lunched investment consulting/advisory firm
specializing in mobile and Internet in November 2015 that will be
started in the first half of this year.
Seedpaper offers practical, mobile-based content of daily beauty.
The company launched content brand “Self Beauty” which offers
easy to follow tips and guides featuring renowned experts of
various parts in beauty.
Self beauty content is available on Kakao plus friend feature since
July 2012, which allows users to receive special contents from
artists, brands and publications. The mobile platform provides
carefully selected contents curated by celebrities and well-known
Self Beauty has acquired its superiority with simple contents, tips
easy enough for anyone to follow and achieve ‘beauty’ of their
Contents of ‘Beauty Mate’ have been added on ‘Self Beauty’ in
November 2014. This content is composed of tips from popular
“Power Bloggers” of Korea, techniques and advices. The service is
to enhance Self Beauty’s platform by targeting online shopping
HealthWave creates animations that make it easy for patients and
caretakers to understand complicated medical procedures. The CEO
‘Chung Hee Doo’ was a general surgeon at Seoul National University
Launching world’s first prescription information service, HiChart in
2011, which currently holds about hundreds of animations that
explain how medical procedures are performed as well as the risks
and side effects.
Follow-up investment of 4 billion was made in April 2015.
HiChart was conceived with patients in mind – surgery operations
are broken down into easily understandable steps in a user-friendly
animation, sent to their smartphones. These could easily be shared
amongst their friends, family members or caretakers in order to
better understand what to expect.
Top hospitals in Korea and individual practicing physicians alike
have been actively using HiChart’s 900+ animations; meanwhile,
some of the renown institutions such as Johns Hopkins University,
as well as other Japan and Singapore are currently applying
animation contents for medical consulting and prescription.
In August 2014, Healthwave launched their mobile version of the
One of Korea’s most recognized icons in fashion design and an
industry expert in digital content have teamed up to found byBox,
the curation commerce service for fashion.
- Se Woon Jurn, CEO: Producer at Cheil Worldwide Inc., where
he was recognized for his successful execution of IPTV content
- Ho Sub Kan, Chief Curator: Professor of Fashion Design at
Hongik University (Korea’s top arts school); Mentor on
television program ‘Project Runway Korea’
byBox is a curation commerce service for boxes of jewelry and
accessories created by Korean designers and curated by major
celebrities and experts such as renowned fashion stylists. This
enables customers to obtain unique fashion items that are not
available anywhere else, at reasonable prices.
From fashion, living, to kids, byBox provides theme products
throughout life-style products.
‘byBox season2’ opened with new contents and services of the
brand after large renewal of its online pages in August 2014.
Vius Korea is the creator of Mr. Koon, the curation commerce
service that sells high-tech digital & design products from around
the world to early adopter tech-lovers faster and at lower prices
than any other online commerce site.
Mr. Koon scours the globe for colorful and distinctive IT, design
and household items with high-tech features in categories ranging
from IT, camping, leisure and household thus establishing a
unique market position Korea.
Zai Seoul has been providing the travel platform service, also
named Zai Seoul, for Chinese travelers visiting Korea.
In March 2011, Zai Seoul started their first business of selling
monthly print magazine targeting Chinese travelers. In 2014, total
prints reached over a million. Backed with unique experience and
operational know-hows, Zai Seoul opened its own website in April,
Zai Seoul is a travel and accommodation information platform for
Chinese travelers coming in to Korea.
Information on planning a trip to Korea, from plane tickets to
hotels and shopping, are provided in Zai Seoul. Approximately
20% of Chinese travelers who visit Korea have been visiting Zai
Seoul. As of January 2015, visitors of Zai Seoul increased up to
80% of the same month last year.
The service aims to be a total integrated O2O platform for every
tourist in Korea which can satisfy all the needs through an online
Devign Lab’s employees consists of POSTECH (Top 9 Asian University)
Computer Science graduates with IT competition awards and Myung
Hun Cha, who was awarded 3rd place in the world’s largest hacking
competition Defcon as a CEO. Devign Lab has produced the most
advanced security system with the aid of security specialists in the IT
industry and protect customer’s valued assets securely.
Coinone enables both amateur and professional bitcoin users to
transact bitcoin easily through a tailored UI (User Interface) with a
0% transaction fee.
Coinone’s key differentiator from other services will be its professional
transaction system. With the fluctuation of bitcoin prices, the need
for a professional grade UI have emerged and Coineone aims to
satisfy these users. They have implemented the first web-based HTS
in South Korea, designed to provide up to date bidding/contract
information for convenient purchase of Bitcoin. Also, Coinone is a
cross-platform, multi-device solution, the first of its kind in Korea.
Their one click payment system ‘Coinpay’ will provide payment
services with a 0% transaction fee. Coinpay would be linked to
Coinone and allow merchants to easily accept bitcoin payments in
exchange for South Korean won. Their mobile application is currently
in development and is planned to be released in the near future.
Companimals is dreaming of a focused, carefully curated service
where owners and their companion animals can harmoniously coexist.
Companimals is a compound word made up of ‘Companion’ and
‘Animal’, which means animals living together with people who think
of them as companions.
Companimals is currently working on a mobile community platform
supporting and providing online/offline activities and information
relevant to their pets. At the same time, companimals recommend
suitable community for each users based on different conditions and
needs of specific breed.
Companimals hopes to provide easy-to-understand information, with
delicate illustrations of pets and easily recognizable infographic
contents, which contains professionally supervised contents of
breeding guide, healthcare, and hospital information.
Special features including note function connected to animal hospital,
adoption service and lost pet prevention service, which is expected to
allow Companimals to become an integrated information platform
on pet raising are expected in the future.
Android and iOS version of application is planned to be launched in
The Monaissnace team consists of the developers of SERI CEO, well
known for their quality knowledge platform service in Korea with rich
experience in Samsung Economic Research Institute.
With extensive development experience under their belts, the team
holds a wide network of professionals in various fields.
They launched ‘Classic 5 Minute’, a literature contents platform in July
Monaissance is a mobile literature contents platform focused on
subjects of humanities, for busy modern-day people.
‘Classic 5 Minute’ offer must-know knowledge on classical literature
within 5-minute videos in the form of realistic motion, conversation
and animation, for educational purposes.
Pursuit of the humanistic Knowledge is a worldwide trend and
Monaissance aims to expand the service globally in the near future.
Bratvillage provides overall solution for issues regarding house,
from simple home care to interior service.
Co-president of Limo taxi and founder of Easy taxi Seong Min
Bang started the company with his team members. This whole
team worked together since Limo taxi and Easy taxi. Powerful
teamwork and suitable experience for the field is the key strength
An online platform connecting users with professionals for vast
range of homecare from simple repair to total interior of the
Partnership with qualified technicians and constructing companies
of each different fields of homecare enables Dr. House to service
with comparative advantage. Immediate response for applied
problems ad standardized price of partner companies lower than
current market price, service with high quality and reasonable
price could be possible.
Applepie studio consist of team members holding work
experience in app and server development for over decades,
including Hokyeong Kang who had managed various parts of
service including social, language and game.
The team launched materializing new smart pet service, all time
exposure of whom will be possible through newly adopted mobile
Applepie’s smart pet service focuses on sharing feelings between
users and their smart pets.
Fully equipped with several technologies which were never used
before in the previous smart pet market, the service maximizes
contact point between pet and users without interfering user
Pets are to remain on top of users’ mobile screen through ‘overlay
screen’ function, utilizing empty spaces of mobile for exposing
pets on screen continuously. Social functions is going to be added
consequently, expected to enhance the platform with different
contents such as native advertisement.
CULTUREHERO is developing a new form of contents service
platform, providing informational contents closely related to daily
lives of people. Developing and managing Kakaostory, team
members including CEO Lee have high degree of understanding
the industry and flexible ability of managing various platform.
CULTUREHERO provides informational contents with useful daily
tips, through various forms with easy accessibility combining text,
images and short videos.
Over 70% of domestic SNS users in Korea consists of 30s to 50s,
but no platform exists for this age group. In My Letter, users are to
consume contents closely related to their daily life, typically
including food recipes and interior tips.
The contents provided in My Letter will be an extended version of
those distributed in social network services with expanded contact
point between the contents and commerce/community.
Text Factory was founded by a former lawyer, who established
and sell off ‘LAWnB’, the nation's largest legal information website.
Text Factory provided a text message and KakaoTalk based
personal assistant service.
Character-based personal assistant service utilizing text messages
Without installing any apps, the service receives and processes
user's various requests in real time. It serves a wide range of
service areas such as restaurant reservations, purchasing,
information retrieval, quick-service, flower delivery.
Jan 2016, Munbiseo signed a MOU with six O2O(Offline to Online)
startups that gives priority to introduce these startups’ service
when they received customer’s requests.
It pursues representative O2O service of Secretarial area
revolutionizing our daily lives.
MUTzip provides Indie Fashion B2B sourcing platform 'Hot sauce‘,
which means ‘Hot trend’ and ‘Sourcing’.
CEO, Moon Goon, has over 18 years of experience in the indie
fashion business including wholesale and retail, and export.
Hot source is a mobile and web based Indie fashion sourcing
platform for B2B operators that solves the traditional methods of
existing deal process in the indie fashion B2B market.
The service helps convenient ordering and billing management
process between domestic indie fashion brands and home and
foreign buyers operating their editorial fashion shop.
Startup to service ‘WebDramaBox’, the premium web drama
production and distribution service for the 20-30 generation
MoMo has developed supervisory agency to recruit and train
professional web drama directors and crews.
Its ‘Lean production' production method drastically shorten the
production time and cost compared to existing broadcasting.
Crafted video contents are distributed through multi-channel
platform such as Facebook, Naver TV Cast (tvcast), YouTube and
It generates the contents of various genres and stories eliminating
limitations of those existing terrestrial and cable TV material.
In fact, Web drama 「Model student」 has achieved more than 1
million cumulative views and ‘equalizer’ has achieved 1.43 million.
‘Witness’ has exceeded more than 50 million cumulative views so
Frograms’ 19 award-winning engineers and data scientists are
- Tae Hoon Park, CEO: Attended KAIST (“Korea’s MIT”);
developed new services at Korean game developer Nexon
Watcha! has over 200 million stars in ratings; whereas Korea’s #1
internet portal Naver’s movie section has 5 million stars in ratings.
Reaching one million users as of July 2014 , Frograms won the
2nd Place Prize in the Google K-Startup Competition 2012 for
Frograms launched its very first global service, which is the
Japanese version of ‘Watcha’. The team has also launched
‘Watcha drama’ and more services on various fields are being
Also ‘Watcha Play’, video streaming VOD service of Frogams will
be opened in Jan 2016, planned to release mobile apps following
the PC Web version in upcoming April.
The WIV Labs team is made up of Korea’s definitive experts in
search engines. Its programmers developed Korea’s #2 search
engine, Daum, end-to-end from scratch.
WIV Labs aims to become a leader in the social Q&A field by
providing a service capable of collecting and analyzing the large-
scale amounts of data produced by SNS.
Right now, a huge scope of significant information is produced by
users’ questions and answers on SNS, but it is difficult to search
and find the specific information that you want.
WIV Labs’ new service ‘Qaster’ solves this problem by collecting
and analyzing data from SNS and extracting the meaningful
information found in users’ questions and answers. The beta
version of Qaster was launched at the end of March 2014.
Qurion creates Semantic Vertical Search Engine focused on
Summarization and Personalization of User-Generated Content
- Woojoo Lee, CEO: Vast experience including semanti search at
Naver, #1 Search Engine at Korea.
- Sam Fung, Senior Engineer: Senior Web Solutions and
Applications Engineer at Google. Has 9+ years experience at
Existing search services for User-Generated Services and Products
Review Content still stuck at Search 1.0 technology that is based
on basic information retrieval technologies such as string match
and link analysis.
User has to read too many reviews to get useful information.
Wide variety of opinions expressed in the reviews make it
confusing and hard to remember.
Lacking next-generation search technology with semantics-based
relevancy models and analysis, clustering, summarization and
Lunit is a startup that uses image recognition technology and
machine learning to make visual browsing much easier for everyone.
The company aims to improve beyond current existing technologies
and make information searching from images more efficient.
In 2014, Lunit took 7th place at the ‘Image Recognition Competition’,
the world's most acknowledged contest for image recognition
technology. Also the team ranked #2 at the object location
recognition in the same competition in 2015.
2 million follow-up investment was made from Softbank Ventures,
Formation8 and K Cube Ventures in Dec.2015
Lunit is a technology-based venture that concentrates in image
recognition technology. By using neural network models for the
recognition process, Lunit claims to have the highest accuracy in
One area of expansion is to apply its image recognition technology to
an actual medical technology like Cancer Biopsy. They helps
physicians to make accurate and objective diagnosis through
machine learning technology.
Dining Code is a startup that utilizes big data technologies, which it
has been building up for several years. The company uses this
technology to provide a reasonable restaurant ranking system and
In late 2015, raised 2 million follow-up investment from several VCs
Launched in December 2013, Dining code analyzes millions of
restaurants related blog entries and applies the results to its own
searching mechanism of big data technology.
With its own big data analyzing system and text mining technology,
dining code filters advertisements and spams from the data pool and
provides genuine, useful information including rankings, foods,
location, and atmosphere, among many others.
Filtering ads and providing blog posts with trustworthy information is
the key point of Dining Code, which differentiate itself from the
existing services which depended mainly on user rating or partial ads.
The first web version was received with high acclaim; the service has
expanded with its mobile application, with extra feature update in
The service has achieved 0.6 million monthly active user(MAU)
without any marketing activities.
Stratio is a team of four members in Electrical Engineering at
Stanford University who have come up with a new infrared imaging
technology that works with a smartphone. This new sensor costs far
less and offers much higher resolution than existing technologies.
The company was selected on SBIR(Small Business Innovative
Research) program which is run by US NSF(National Science
Foundation) in May 2014.
Stratio launches its ‘LinkSquare’ infrared scanner for food,
pharmaceuticals, materials, and physical objects at the 2016
Stratio is developing the world's first portable Short Wavelength
infrared (SWIR) sensors. When incorporated into handheld devices,
such as smart phones, Stratio's SWIR image sensors will allow
everyone to monitor their biological functions non-invasively in real-
time. Furthermore, these SWIR Image sensors can be utilized in
diverse fields, including automotive safety and food safety inspection
UVify is a startup developing technologies related to UAV(Drone)
aiming to create new values to the world.
The goal of UVify is to develop unmanned aircrafts that anyone can
easily use. With its indoor autonomic flying planes, indoor GPS
technology, and robot control systems, the company is targeting the
personal robot market.
Uvify unveiled its ongoing drone products at CES 2016.
While the previously released unmanned planes are usually applicable
only outdoors and normally rely on human control, UVify aims to
achieve better mobility and automation by minimizing these
shortcomings of current UAVs, based on its experience gained in
various R&D projects.
In order to operate the drone not only outdoors but also indoors,
UVify plans to make an Aerial Robot that can process and move
around by itself using 3 dimensional indoor positioning technology.
Vitruv is made up of a mathematics teacher graduated from
Hansung Science High School, a top class mathematician and a
system manager. With two math majors, three people holding
PhDs from SNU, the team has the highest level of professionalism.
No other than online video lectures can be found in the steadily
growing online education market. Vitruv is an IT startup with a
mission to provide personalized online mathematics education
Personalized mathematics education service. Mata math measures
the level of each students’ understanding in a mathematics
curriculum through a diagnosis mock test, and determines which
part of the mathematics curriculum each student needs to
improve on. Then the Mata provides personalized set of
mathematics problems. The service will support effective learning
by repeating this process to produce accumulated results and the
overall evaluation report.
Vitruv has established a firm ground as a B2B service for schools,
private academies and online education companies. In the second
half of 2015, They open an official service to Mega-study online
for high school student.
Starting next year, Vitruv will expand their individual education
service overseas in partnership with ‘Bank Study’, a Taiwan online
DABLE consists of team members who developed Korea’s first
recommendation platform using big data technology. Moving
forward from the stage of developing a certain service, DABLE
have its core strength in the application and management of the
service in real enterprise for over 2 years.
Launching its personalized news recommendation service ‘Dable
News’ in May 2015.
Dable News is an intelligent news recommendation services to
offer fully-optimized articles to site visitors by real-time big data
analysis and natural language processing technology. The latest
interests of users are analyzed in real-time to provide a list of
recommended items that reflect the current needs of each
The three media organizations (Hankyoreh , KBS, news1) applying
the services show a 20% increase in their average page view(PV)
per person from the mobile side.
Bitfinder is a Silicon valley based startup developing indoor air
Founded in 2013 by Ronald Ro, CEO and Kevin Cho, CTO. The
team of software engineers, data scientists, industrial and visual
designers combine a range of consumer product and technology
development experience from IDEO, Boeing, Samsung, and Cisco,
Launching pre-order availability of ‘AWAIR,’ the first complete,
smart air quality device in May 2015.
AWAIR is the first product to not only track and analyze indoor air,
but provide personalized solutions to improve air quality, and
learn users' health conditions and preferences over time. AWAIR
collects personalized data from the user's environment and then
provides actionable insights and recommendations to improve air
quality based on their unique lifestyle routines and health needs.
It connects to smart appliances such as thermostats and vacuum
cleaners, and has a solution to turn appliances like humidifiers and
purifiers into smart devices to help create optimal environments
that positively impact health.
Bitfinder has successfully showcased its Awair at CES 2016.
BinaryVR was founded by Jihun Yu who worked for Industrial
Light and Magic, where he did research and development on the
facial motion capture technology for feature films.
BinaryVR was founded by BinaryVR develops 3D avatar creation
and facial expression tracking technology for VR gear, enabling
users to create a personalized 3D face from 2D facial photos to
track and retarget the facial animations in real-time in an avatar or
any transformed CG mode.
Participating in CES 2016, BinaryVR enabled VR facial expression
tracking demo in partnership with hardware startup.
The heads of each department, including development, animation
and strategy, that created the hit online MMORPG ‘C9’ (which
took the Grand Prize at the 2009 Korea Game Awards) formed
Fincon together to make mobile RPGs.
Fincon grew from 11 to 40 employees, tens of millions of dollars
Fincon’s first mobile RPG ‘Hello Hero’ was once ranked the #1 free
game in the iTunes App Store and #3 popular app in Google Play.
It also rose to the #5 game in the global Google Play ranking at
280+ diverse collectible characters, available in about 170
countries including the U.S., U.K. and Brazil. Accomplished 1700
downloads as of February 2015.
Fincon’s new promising action-RPG ‘Angel Stone’ features active
user involvement with real-time combat while eliminating the
auto-mode that the user would normally control thanks to the
option of being controlled by the AI.
Each class of the game has interchangeable abilities to better suit
user’s preferred play style. It offers a PvP as well as co-op boss
The game was officially released on iOS/Android in July 2015, and
has been awarded the '2015 Studios to Watch' in Game of the
Year by Facebook and 'Best of 2015' by Apple App Store.
Neptune’s CEO Wook Jung built his team with several recognized
leaders in Korea’s gaming industry.
Neptune released its first game ‘Nexon Pro Baseball Master’ in
2013 and launched its upgraded version in April 2014.
In April, a casual puzzle game ‘Puzzle TANTAN’ was launched in
Japan, that showed robust revenue growth. Its Korean version,
‘TNTAN Sichuan‘ was launched to local market in may 2015.
Accomplished 100 million downloads as of June 2015.
LINE Puzzle TanTan features the adventures of Tantan the panda
as he strives to recover the food stolen from his village. Players
simply need to match two blocks of the same food in a line that
bends twice or less to enjoy the exhilaration of eliminating them.
Tantan’s cute and fantastical world is sure to captivate the hearts
of all players.
Two similar blocks lined up next to each other, or connectable
using a straight line that bends twice or less, can be eliminated.
Eliminate all the blocks on screen within the time limit to clear the
stage, and get higher scores the quicker you are. Eliminating
blocks in quick succession will trigger combos, and the longer they
continue, the more points the player will score. By achieving 10
combos, players will enter Fever mode, in which even different
blocks can be paired and eliminated.
Dryad was founded in May 2012 with the goal of developing
mobile RPGs and to introduce a brand new genre of combined
TCG/RPG. In April 2014, Dryad launched mobile TCG Legionz,
seizing 1st place within 3 days, 9th place of earning in T-Store,
and have been growing since.
Legionz is also available in English, and has been equally
successful in the English-speaking regions thanks to its prior
success in Korea.
Their next game, ‘Yo! Villains’, officially released in September
2015 through the CBT.
A casual mobile strategic game dealing with the adventures of
villains to save the world fell into chaos caused by the resurrection
of King of the devil.
‘Yo! Villains’ is combines the fun of strategic play with a variety of
skills and synastry balance for hero types, providing essential
elements of RPG including a player-vs-player (PvP) mode and a
character creation system.
With rich contents, user can enjoy being a new ruler of Etera by
crushing the Deven Empire all the while fending off other player's
O’ol Blue was started by CEO Nam Suk Kim and the key
developers who brought the award-winning MMORPG ‘C9’ to
Korean gamers in 2009.
O’ol Blue released ‘Mighty Quest,’ a game that combines the fun
of RPG and puzzles to a character collection game.
O’ol blue has a great development experience through ‘Mighty
Quest’ and is p repairing for a new mobile action RPG for this year.
Follow-up investment of 2 million was made in August 2014, they
aims to launch the next mobile RPG in the first half of 2016.
Dubaki was founded by the team behind successes including the
mobile 3D MMORPG ‘Dragon Mist’ and the large-scale mobile
shooting game ‘Air Hunter,’ which won praise when WeMade
Entertainment showcased it at the E3 Expo and the G-Star Global
Dubaki Soft won the ‘Startup Game Prize’ in ‘2014 Korea Game
Awards’. At the same time, they have successfully reached an
agreement and signed on the publishing contract with 'Ourpalm‘,
one of the biggest publisher in China. The team is currently
developing a new mobile game.
Currently with its latest 1 million follow-up investment, the next
MMORPG is under heavy development.
The Valcon team is made up of six game developers who spent
many years working together to develop MMORPG titles at Nexon
and XL Games.
April 2015, Valcon launched a new type of mobile defense game,
Bugmon Defense is a mobile defense game with enhanced
moving control and skill system. Simple action of dragging makes
it possible for the game to emerge from previous defense genre
by transforming the static contents into the battle.
Reinforced control supports diverse strategies, while tailored
system provides missions based on different levels of players.
Continuous motivation occurs through growth and PVP system
equipped in the game.
The Cherry Bugs team consists of six experienced developers who
worked together at WeMade Entertainment.
- Chul Ho Jung, CEO : Section Chief of WeMade
Entertainment’s graphics department with 120 graphic
designers. His PC game ‘The Boss’ won the Grand Prize at the
2003 Korea Game Awards
- Hyun Jin Jang, Producer : Globally recognized animator. Won
4th Place at Dominance War, the international game art
- Min Soo Kang, developer : Over 10 years of experience in
creating large-scale MMORPGs, and other top-rated
developers round out the Cherry Bugs team.
‘Quick Boy’ is a mobile adventure game that gives players delivery
missions that require evading zombies to reach destinations.
In ‘Quick Boy’, every time a player has reached a destination, he is
given a new delivery mission and is required to leave for another
destination. The game provides adventurous and thrilling features
including various landscapes and barriers.
The ‘Quick Boy’ is soft launched in 4 countries last December, and
it will be officially published in around 10 countries in the second
half of 2015.
Red Sahara was founded by key members who formerly worked
together at Webzen Games, building a strong sense of teamwork
and creating successful large-scale games over the course of 4
Red Sahara launched a mobile strategy RPG titled ‘Immortal
Warrior’ in April 2014. Backed with a positive response in Korean
market, official CBT for the Japanese market was done in August.
Immortal Warrior have been receiving high remarks for capturing
fun, immersive experience of a traditional RPG in a mobile game.
Players are to collect and cultivate diverse 3D characters and
employ differentiated fighting strategies.
The game became instant success - Immortal Warrior was once
ranked #8 top grossing game in the Kakao Game Platform and #6
top grossing app in the Google Play Store without publisher
support or active marketing.
‘Season 2: Soul Master’ was opened in September 2014. ‘Season
3:Droian’ with the biggest update ever was launched celebrating
the anniversary as well.
They will introduce a brand-new 'Immortal Warrior 2’ in early
Howling Soft was founded by key members who formerly worked
together at Game High, building a strong sense of teamwork and
creating successful #1 FPS Game in Korea called ‘Sudden Attack”.
After launching mobile FPS ‘7DAYS’ of zombie concept
successfully, Howling Soft launched a mobile FPS game titled
‘Sand Storm’ in September 2014.
Sand Storm is a military defense FPS game based on 3D, and has
fascinating graphic created based on real weapons like AKM,
FAMAS, AWEM and great sound reminding of actual warfare.
It maximizes convenience by using the mobile-optimized interface
and serves the same sense of immersion as online FPS so that
users can enjoy the hitting sense and tension of FPS by using
mobile phones which was formerly delivered only by PCs.
Over 1million+ users have signed up for pre-release order, and the
game took #1 in ranking on the very first day of launch.
CoCoon Games was founded by key members who formerly
worked together at Paprika Lab, acquired by GREE.
They launched a mobile strategy RPG (tribal wars) games titled
‘Songs of War’ in November 2014.
- JeongWook Lee, CEO: former Paprika Lab COO
- Kimun Song, CTO : Former Paprika Lab CTO, Lead
Programmer at Nexon
- SangYub Lee, CPO : Former Liveops Manager at Kabam.
Paprika Lab Graphic Designer
The Tribal war game, ‘Songs of war’ is a strategic fantasy game
with the concept of the middle age offering dynamic fun of a
hero system and tribe wars via mobile phone.
Its goal is to be a representative tribe-war-type mobile game
nationally with the enforguilds cement on the element
encouraging group competition of satisfying national users.
Song of War provides large-scale real-time wars between blood
alliances, where the amount transportation with other
components can be controlled.
BlackBeard was founded by former key members of Activision
Blizzard and NC Soft. The company is set to develop a sci-fi mobile
game, ‘Dystopia’ which is to be launched this year.
Konwoo Kang,who is CEO in BlackBeard,had participated in
planning and development of ‘Blade&Soul’ which is among the
greatest hits game of NC Soft. Other team members also have
several years of experience in game development with each other.
‘Dystopia’, planned to be released within this year, is a high quality
sci-fi action RPG game based on the story about the invasion by
aliens and the battle against them in the year 2120.
The game has a unique control system which overcomes the limits
coming from mobile devices, providing a greater sense of
maneuverability. Also the game’s outstanding graphics produce
greater level of engagement for users.
The game aims to support multi-platform including mobile, online
and console and on the basis of that, ‘Dystopia’ will eventually
pursue global expansion.
The A-33 Studio team is led by the chief executive officer ‘Kim
Dong Sun’ who was in charge of the development, launch and
operation of ‘Counter Strike Online’ which is one of the top 3
online FPS games in Korea. The team consists of developers who
have worked together for ‘CS Online’ and ‘Combat Arms’ at Nexon,
one of the top online game makers in the world.
Based on their experiences on development and live operation of
online FPS games, the team is building a mobile FPS game with an
emphasis on strategic aspects. A new control scheme will be
applied to the game in order to overcome the common limitations
caused by the nature of mobile devices. The game will be
launched by the first half of 2016.
Supreme Games is made up of members with more than 10 years
of experience in Korea’s top game makers including Webzen,
Neowiz, and NC-Soft.
With talent from various fields and actual experience in launching
and developing well known title game of MMORPG, the team is
close to perfection. In addition, the team’s talent is brightest in the
art and animation division, which is one of the core competencies
in developing Action RPG.
Thus, completing a harmony between three elements: program,
planning and graphic.
The uniqueness of PROJECT TOP comes from one-button smart
action feature that enables various actions appropriate for each
situations, with real time weapon changing system and extreme
With users who want to play while riding public transportation,
the game provides vertical screen mode that requires only one
hand to play. Also, various party play contents are available, which
will strengthen its social features and enable players to cooperate
and help each other grow.
They have accomplished the development of the prototype, and
plan to launch the game in early 2016.
KoKomo is comprised of experienced team members who have
successfully developed, launched and operated various online
games including “Lineage2“, the first 3D MMORPG in Korea which
has been loved by many users for more than 10 years, and
NCSoft’s flagship MMO title “Blade&Soul“.
Contrary to today's trend in the game market which is inclined
towards TCG and other midcore RPG games, KoKoMo would like
to focus on hardcore RPG genre which remains as blue ocean.
They are aiming to develop a flagship mobile MMORPG game that
can also target gamers in Asia, who have similar characteristics
and interests to gamers in Korea.
‘OverLord’ focuses on a special theme “space” where users can
freely create autonomous game contents of their own.
Players can locate characters possessed in a game, in certain
blocks, create and facilitate fields, dungeon and villages on them.
These blocks gather around a group, which again connects with
those of other players and consequently a small world of its own is
Active Persistent World of ‘OverLord’ perfectly differentiate itself
from other games, where users can clear game missions, with AI,
friends or guild.
The paranoid joy team is led by the chief executive officer ‘Kang Ji
Hoon’ who was a former representative of ‘Webzen Ymir games’.
The team consists of key members who have worked together at
Neowiz Games, Webzen, Ymir, acquired by Webzen.
They launched a mobile turn based strategy RPG titled ‘Demigod
War’ in late 2014. It is now available in about 132 countries.
‘Demigod War’ is SRPG based on various mythologies where
newly interpreted mythological heroes can be collected,
strengthened, and evolved.
The game features over 950 units, various stages, unique high-
quality art, item system and 300 dungeon maps that connects to a
solid story without repetitive play and delivers differentiated RPG
fun with the distinctive social factor.
After starting a global service in April 2015, it has gained
popularity with global users.
Kong Doo company Is games MCN(Multi Channel Network)
Kong Doo Company Professional is Korea’s premier gaming MCN
originally starting with StarCraft gamers Hong Jin Ho and Kim
Taek Young. For the currently popular e-Sport, the company has
taken on 50 gamers as part of the channel crew.
With well-known internet broadcasting and VOD service platform
such as Afreeca TV and Youtube, Kong Doo introduce gaming
and eSports live streaming of its crew members, and offers
support to crew member of the various leagues and events, for
branding and marketing.
Kong Doo plans to open Kong Doo Academy that will specialize in
pro-gaming and MCN next year.
Salt Lab is made up of key members of ‘Red duck’, the developer
of popular online FPS <A.V.A> and <Metro conflict>, which
received three awards at the 2007 Korea Game Award.
Most of the members have more than 10 years of experience in
developing and operating FPS genre.
Salt lab is developing first mobile FPS games designed using
unreal engine 4.
Aiming for other mobile shooting games, the game will feature
rich option of both PvE and PvP gameplay, and also allows the
gamer to play from either a first- or third-person perspective.
Based on mature story and finest graphics offered by unreal
engine, they pursues high-end mobile FPS game for global
The game will be officially released in late 2016.
Affinity is comprised of key personnel who experienced a number
of hit games at ‘Joy City’ and ‘Nexon’.
C.E.O Song In-Soo, a former representative of ‘Joy City‘, has spent
the past 14 years at ‘Joy City’ leveraging his background in
development, producing and overall game business.
‘Historia’ is an ancient western history-themed role-playing RPG
game that globally launched in May 2015.
The story of ‘Historia’ is based on forming legions by collecting
heroes derived from ancient mythology. The game was featured
‘recommended apps’ in the global Google Play store with its
Affinity will launch a new mobile game in the second half of this
Family CEO Day is a monthly networking event for K Cube Ventures’ family
Executives share advice & discuss opportunities for cooperation
Contributes to Korea’s startup ecosystem as a forum for knowledge sharing
K Cube family companies have access to an innovative online & mobile
platform where they can:
Share their best practices and past experiences
Make more efficient and effective executive decisions through opinion
K Cube Ventures provides our family with diverse opportunities for business
collaboration through our wide network of industry experts including investors,
incubators, startups and media outlets. We also:
We also provide advice for expansion in Asia and overseas networking,
Assist with HR, PR and management issues such as tax, legal and accounting
We offer numerous lectures of professionals in certain areas, willing to provide
practical information for startups. Thus we aim to form a meaningful network
which can satisfy the need of individual startups.
is an venture capital firm founded in
April 2012 with the vision of harnessing the power of startups to
change our world.
Brian Kim, the creator of Korea’s icon of innovation, Kakao,
founded K Cube Ventures together with Jimmy Rim, known for his
investments in internet, mobile and gaming startups including
SundayToz, the maker of Anipang.
Thus far, K Cube has invested in about 60 companies and will
continue to invest in startups in categories such as data analysis
technology, social and commerce. (Between $100 thousand to
$1.5 million per startup on average.)
March 2015 Kakao acquired 100% of K Cube Ventures truly
achieving the strategic cooperation for business know-hows and
K Cube Ventures believes that early stage startups not only need
financial support, but also experienced mentors. To this end, K
Cube Ventures assists startups in the areas of business
development, networking, team building, strategy consulting,
investment & financial affairs, HR & PR and management.
In addition, K Cube is committed to sustaining the active
networking and knowledge sharing that exist among our startups
through our unique family culture and contributing to the
development of Korea’s startup ecosystem.
• Current: Chairman, K Cube Ventures
• Previous: CEO, NHN Corporation
• B.S. and M.S. in Industrial Engineering from
Seoul National University
• Current: CEO, Kakao
• Previous: CEO, K Cube Ventures
Principal, Softbank Ventures
Consultant, Boston Consulting Group
Strategy Manager, NHN Corporation
• B.S. in Industrial Engineering from KAIST
• Current: Partner, K Cube Ventures
• Previous: General Manager, Naver / Manager
of Strategy and Business Development, eBay Inc.
/ Consultant, Boston Consultant Group
• M.B.A. from University of Michigan
• B.A. in Department of French Language and
Literature/Business Administration from Yonsei
• Current: Partner, K Cube Ventures
• Previous: Co-Founder & Executive, Idea Works /
Associate, VirtualTek /Manager, SK
Communication / Manager, CJ Corporation
• M.A. in Graduate School of Information From
• B.S. in Nuclear Engineering in from Seoul
• Current: Partner, K Cube Ventures
• Previous: CEO Staff Planning&Coordination
Team NC Soft / Executive Director, NC Soft
• M.A. & B.S in Civil Engineering from KAIST
• Current: CEO, K Cube Ventures
• Previous: Partner, K Cube Ventures
Executive Director, Solmine Communications, LLC
/ investment principal, SoftBank Ventures Korea /
senior associate at CJ Venture Investment.
• B.S. in Business Administration from Sogang
K Cube Ventures invests in internet, mobile, game and
tech startups. We believe that we can provide our best
support to startups that are in our field of expertise.
The seed stage to the growth stage. K Cube Ventures proceed
from the initial investment in startups to invest on a $1.5
million level scale.
Between $100 thousand and $1 million per startup on
We not only provide financial investment, but also give
startups access to K Cube’s network and business insights. We
give assistance for needs such as recruitment, entry into
global markets, creating partnerships with large companies
and public relations.
K Cube Ventures takes a minority stake in the company
without securities or guarantees. We invest with the goal of a
venture exit through an IPO or M&A within 7-9 years.
K Cube Ventures aims to become a startup’s best friend. We
want to be the first people that a gifted entrepreneur or team
will call when they consider doing a startup. We also want to
help cultivate the Korean startup ecosystem through our active
early stage investment and our ultimate goal is to assist startups
that will create innovation on a global scale.