This post is written by Hyunseok Choi, editor at Onsuccess.me, a Korean Tech Blog with insights into Korean startup ecosystem and tech space.

1. Kakao, famous for its messaging app named KakaoTalk, acquired a location based commerce service, Lotiple. KakaoTalk has expressed itself as a platform, since it launched ‘Plus Friend’, which is the brand page in KakaoTalk. And it announced that its user had passed 30 million on 16th of this month. Lotiple is a real-time location based commerce app, and it announced its suspension from 8 Dec 2011 midnight. According to a Korean tech news, why Kakao acquired Lotiple is highly skilled tech people of Lotiple is needed for Kakao’s main projects. The specific acquisition amount is unknown.

2. Seoul city opens ‘Global Business Support Center’ in Seoul International Finance Center(SIFC) building in Yeouido, Seoul this December. Foreigners who want to found their company in Korea can apply for Seoul City’s incubating program including free office rental. Not only the new office in SIFC but also some offices in COEX, Kangnam can be rented at no cost for foreign entrepreneurs.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.