K Visa
Online platform for South Korean visa services.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | Seed | |
| Total Funding | 000k | ||
K Visa operates as a comprehensive online platform providing visa services for foreigners residing in or planning to move to South Korea. The company was founded in 2020 by CEO Lee Sang-wook, a former immigration professional who was reportedly the youngest person to obtain an administrator's license in the country. He launched the service in October 2022 to address inefficiencies and information asymmetry in the visa application process using IT solutions.
The platform serves foreigners seeking visas for various purposes, including permanent residency, employment, study, and marriage. K Visa offers a suite of online services that cover visa counseling, application, issuance, renewal, and conversion. To provide stable service, the company partners with expert immigration administrators, matching them with users based on nationality, language, and visa type. Its business model appears to be based on fees for these visa processing and counseling services, targeting a market of over 2.5 million foreigners in South Korea. A big data-based algorithm reportedly reduces visa consultation time from an hour to 30 seconds. Users can also benefit from features like real-time tracking of their visa processing status and automatic notifications for renewal deadlines.
Since its launch, the company has shown early traction, surpassing 750 consultations and achieving a 92% visa issuance success rate within its first three months. K Visa has attracted investment from venture capital firms, including Mashup Angels and Strong Ventures, to expand its services. The company holds eight patents related to its customized visa services and has expanded its physical presence by opening a center in Daerim, Seoul, to complement its online platform.
Keywords: South Korea visa, foreigner visa services, immigration platform, visa counseling, online visa application, visa renewal, permanent residency Korea, employment visa Korea, study visa Korea, marriage visa Korea, Lee Sang-wook, Mashup Angels, Strong Ventures, immigration technology, expat services, visa processing, Korean immigration, Daerim visa center, multilingual visa support, visa status tracking