Seoul Unicorns

The 8 Most Well-Known Unicorn Startups from Seoul

Seoul is home to 8 unicorn companies and you can find them all in this article.

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In terms of entrepreneurship and business, Seoul has evolved into one of the top emerging cities in the world.

Hundreds of startup companies have been founded in this South Korean city, many of which are enjoying incredible success.

This has resulted in a 8 companies reaching unicorn status and being valued at $1 billion or more.

The 8 Unicorn Startups from Seoul

GP Club

GP Club

GP Club, one of the leading cosmetics manufacturing and distribution companies, offers a wide range of products in the health and beauty industry.

Details of the startup:

  • Valuation:

    $1.32

    B (

    October 2018

    )

  • Country:

    South Korea

  • City:

    Seoul

  • Started in:

    2003

  • Founders:

    Jung-Woong Kim

  • Industries:

    Beauty, Cosmetics, Lifestyle, Manufacturing

  • Number of employees:

    100-250

  • Funding Amount:

    $67,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    1

here

L&P Cosmetic

L&P Cosmetic

L&P Cosmetic is a dedicated team of cosmetic scientists and formulators dedicated to designing and creating the highest quality skin care products.

Details of the startup:

  • Valuation:

    $1.19

    B (

    January 2016

    )

  • Country:

    South Korea

  • City:

    Seoul

  • Started in:

    2009

  • Founders:

    Kwon Oh-sub

  • Industries:

    Beauty, Cosmetics, Pharmaceutical

  • Number of employees:

    100-250

  • Funding Amount:

    ₩40,000,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    2

here

MUSINSA

MUSINSA

Musinsa is a fast-growing online fashion store and marketplace that offers stylish clothes, accessories, shoes, and bags from over 200 global fashion brands and designers.

Details of the startup:

  • Valuation:

    $2.20

    B (

    November 2019

    )

  • Country:

    South Korea

  • City:

    Seoul

  • Started in:

    2001

  • Founders:

    Cho Man Ho

  • Industries:

    E-Commerce, Fashion, Retail

  • Number of employees:

    500-1,000

  • Funding Amount:

    No Data

  • Number of funding rounds:

    1

  • Number of investors:

    1

here

TMON

TMON

TMON (Ticket Monster) is an integrated e-commerce platform for selling tickets, digital contents and CPA deals.

Details of the startup:

  • Valuation:

    $1.30

    B (

    April 2017

    )

  • Country:

    South Korea

  • City:

    Seoul

  • Started in:

    2010

  • Founders:

    Christopher Cynn, Daniel Shin, Kihyun Kwon, Tommy Donghyun Kim

  • Industries:

    E-Commerce, Information Technology, Mobile

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $801,931,601

  • Number of funding rounds:

    6

  • Number of investors:

    10

here

Toss

Toss

Toss is a team of talented South Koreans who started to develop mobile applications at early age. Now, they bring their experience to create the most convenient and secure financial application.

Details of the startup:

  • Valuation:

    $2.60

    B (

    December 2018

    )

  • Country:

    South Korea

  • City:

    Seoul

  • Started in:

    2011

  • Founders:

    Seunggun Lee

  • Industries:

    Financial Services, FinTech, Mobile Apps, Mobile Payments, Personal Finance

  • Number of employees:

    100-250

  • Funding Amount:

    $434,200,000

  • Number of funding rounds:

    9

  • Number of investors:

    19

here

WeMakePrice

WeMakePrice

Wemakeprice is an innovative money saving platform that allows consumers to obtain the best deals on products from online shops.

Details of the startup:

  • Valuation:

    $2.34

    B (

    September 2015

    )

  • Country:

    South Korea

  • City:

    Seoul

  • Started in:

    2010

  • Founders:

    Huh Min

  • Industries:

    Advertising, Advertising Platforms, E-Commerce

  • Number of employees:

    250-500

  • Funding Amount:

    ₩476,000,000,000

  • Number of funding rounds:

    3

  • Number of investors:

    2

here

Yanolja

Yanolja

Klook has been acclaimed as the world’s top travel unicorn in the Asia Pacific region, with our user-friendly booking platform and award-winning customer support.

Details of the startup:

  • Valuation:

    $1.00

    B (

    June 2019

    )

  • Country:

    South Korea

  • City:

    Seoul

  • Started in:

    2005

  • Founders:

    Lee Sujin

  • Industries:

    Hotel, Information Technology, Leisure, Travel, Travel Accommodations

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $248,500,000

  • Number of funding rounds:

    3

  • Number of investors:

    4

here

Yello Mobile

Yello Mobile

Yello Mobile aims to build a world-class, horizontally integrated business platform under its flagship Yello Digital Marketing.

Details of the startup:

  • Valuation:

    $4.00

    B (

    November 2014

    )

  • Country:

    South Korea

  • City:

    Seoul

  • Started in:

    2012

  • Founders:

    Sanghyuk Lee

  • Industries:

    Internet, Marketing, Mobile, Shopping, Travel

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $187,200,000

  • Number of funding rounds:

    4

  • Number of investors:

    3

here
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