South Korea’s Silicon Valley, the Pangyo Techno Valley outside Seoul, and has retained that localized approach even as it expanded throughout the country and beyond.
Users who verify their location trade mostly face to face with others within a radius that’s usually about 6 kilometers (3.7 miles), in what’s known as a nearby marketplace.Danggeun Market Inc., the startup behind Karrot, is planning to raise as much as 100 billion won ($90 million) in financing next summer, potentially pushing its valuation to about $1 billion, Kim said.