POSCO Capital

POSCO Capital, founded in 1997 and based in Seoul, South Korea, serves as the corporate venture capital arm of POSCO. The firm focuses on investing in companies within the deep technology sector, aiming to foster innovation across various industries. Through its POSCO Advanced Technical Staff Fund, the company specifically targets opportunities in technology sectors, leveraging its expertise to support the growth of emerging businesses.

Joo-Young Park

Partner

Past deals in South Korea

Stars Tech

Series C in 2024
Traditional de-icers such as salt and calcium chloride are effective, but they also cause economic, health and environmental harms such as iron corrosion, concrete damage, plant sulfurization and respiratory problems. To solve this problem, STAR'S TECH developed and commercialized the world's first eco-friendly de-icing agent using starfish extract. This unique solution provides superior results when compared with other traditional de-icing methods. ECO-ST1 is an eco-friendly de-icing agent made from sea waste starfish. It is developed by researchers at Seoul National University and helps reduce the overhead costs of deicing by up to 90%. 80% of the cost of de-icing is overhead. ECO-ST1 prevents traffic accidents through rapid and continuous melting and minimizes iron corrosion and concrete damage to minimize the cost of repairing roads, bridges, vehicles, and guard rails. It also solves road damage by minimizing plant sulfurization. STAR'S TECH has developed an innovative technology to extract the porous structures from starfish. Unstable chloride ions resulting from deicing are absorbed by these porous structures through electrostatic force. Starfish extract helps control chloride ion concentration, which can otherwise be detrimental to the environment. This technology also enables corrosion inhibitor reaction by using very few anti-corrosion agents. ECO-ST1 is manufactured in a bead form rather than the commonly used flake form. This bead is coated with starfish extract and a diffuser for de-icing. Beads are advantageous because they have greater penetration and de-icing performance. Also, as this starfish-coated bead does not create dust, it does not cause respiratory problems.

Amyloid Solution

Series C in 2022
Amyloid Solution is a biopharmaceutical company based in Seongnam, South Korea. It specializes in developing novel therapeutics aimed at modifying the progression of Alzheimer's disease by focusing on its underlying pathophysiological events.

Shaperon

Series C in 2020
Shaperon is a clinical-stage biotechnology company specializing in the research and development of immunological cells and inflammasome inhibitors. Founded in 2008, it is headquartered in Seoul, South Korea.

Hodoo Labs

Series A in 2020
Hodoo Labs develops educational games, notably 'Hodoo English', a quest-based MMORPG designed to improve spoken English skills. It employs speech recognition technology and immersive gameplay, featuring over 300 non-player characters for meaningful conversations.

Brich

Venture Round in 2018
Brich is an online-to-offline (O2O) service that specializes in delivering the latest Korean fashion trends. Launched a year ago, the company operates a global integrated marketplace platform designed to assist local fashion boutiques in selling their products online. Brich streamlines the complexities of market entry by integrating various aspects of e-commerce, including product registration, order management, delivery processing, and customer service. This comprehensive approach enables customers to easily search for items and explore a wide range of brands, enhancing their shopping experience while supporting local boutiques.

Cizion

Seed Round in 2015
Cizion (시지온) is the Korean maker of LiveRe, a social commenting solution for blogs and other websites which allows visitors to choose from their own mix of social media accounts. Cizion commenters sign in once and LiveRe then groups the accounts together, allowing users to log in using any one of their IDs in the future. Each time a visitor leaves a reply, it can be shared across all of their accounts or only on those they wish. LiveRe makes comments social, benefitting site owners by increasing comment quality while controlling spam and trolls via its advanced comment management system. Lauched in 2009, Cizion has secured more than 8 million users, with a monthly average of 20 million page views.

Neofect

Venture Round in 2012
Neofect Co. Ltd, founded in 2010 by Hoyoung Ban, Scott Kim, and Young Choi, is a South Korean company focused on developing innovative rehabilitation training products and services for patients with neurological and musculoskeletal injuries. Its flagship product, the RAPAEL Smart Glove, was introduced in 2014 and has received FDA clearance, gaining traction among home patients and hospitals worldwide, including prominent institutions like NewYork-Presbyterian and the Department of Veterans Affairs. In addition to the Smart Glove, Neofect offers a range of products such as the RAPAEL Smart Pegboard, RAPAEL Smart Board, and RAPAEL Smart Kids. The company has also engaged in research, including a study with the National Rehabilitation Center in Korea that demonstrated the effectiveness of virtual reality-based rehabilitation combined with traditional therapy for stroke patients. Neofect operates offices in South Korea, the U.S., and Germany, with its products available in those regions and across Europe.
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