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The 9 Best Unicorn Startups in Seoul

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I'm sure you've heard the term unicorn before.

It refers to a privately held company that has achieved a $1 billion valuation.

These private companies are rare because reaching the billion-dollar mark is incredibly challenging.

Only 0.004% of all venture-backed companies achieve this distinction – but Seoul is home to 9 unicorns including some of the biggest in the world.

The 9 Unicorns in Seoul

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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:

    $7.40

    B (

    December 2018

    )

  • Country:

    South Korea

  • City:

    Seoul

  • Started in:

    2013

  • Founders:

    Seunggun Lee

  • Industries:

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

  • Number of employees:

    500-1,000

  • Funding Amount:

    $844.20M

  • Number of funding rounds:

    10

  • Number of investors:

    22

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:

    $216.07M

  • Number of funding rounds:

    4

  • Number of investors:

    3

here

Kurly

Kurly

Market Kurly is a food delivery and logistics platform that enables its users to order food online.

Details of the startup:

  • Valuation:

    $3.30

    B (

    July 2021

    )

  • Country:

    South Korea

  • City:

    Seoul

  • Started in:

    2014

  • Founders:

    Sophie Kim

  • Industries:

    Consumer, E-Commerce, Food and Beverage, Food Delivery, Online Portals

  • Number of employees:

    250-500

  • Funding Amount:

    $769.86M

  • Number of funding rounds:

    8

  • Number of investors:

    14

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:

    2009

  • Founders:

    Huh Min

  • Industries:

    Advertising, Advertising Platforms, E-Commerce

  • Number of employees:

    250-500

  • Funding Amount:

    $486.65M

  • Number of funding rounds:

    3

  • 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:

    $286.36M

  • Number of funding rounds:

    2

  • Number of investors:

    2

here

GPclub

GPclub

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:

    $66.16M

  • 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:

    $118.64M

  • Number of funding rounds:

    2

  • Number of investors:

    2

here

Dunamu

Dunamu

Dunamu provides a wide range of innovative services with a focus on fintech and blockchain.

Details of the startup:

  • Valuation:

    $1.00

    B (

    July 2021

    )

  • Country:

    South Korea

  • City:

    Seoul

  • Started in:

    2012

  • Founders:

    Chi-Hyung Song, Hyoung-nyon Kim, Hyung-nyon Kim

  • Industries:

    Blockchain, Cryptocurrency, Finance, Financial Services, FinTech, Stock Exchanges

  • Number of employees:

    250-500

  • Funding Amount:

    $72.44M

  • Number of funding rounds:

    7

  • Number of investors:

    13

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, Leisure, Travel, Travel Accommodations

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $2,035.80M

  • Number of funding rounds:

    4

  • Number of investors:

    5

here
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