Why we expanded our startup to South Korea

The Next Web

Entrepreneur South Korea startup sceneRegardless of where your startup resides, you should always monitor where else in the world your product is gaining traction. Expanding to a new country can lead to a larger client base, a foothold in another market, more media exposure, and more investors. Additionally, if the expansion goes well, you’ll have also demonstrated the adaptability and versatility of your product on a world stage.

Why we expanded our startup to South Korea

The Next Web

Regardless of where your startup resides, you should always monitor where else in the world your product is gaining traction. Expanding to a new country can lead to a larger client base, a foothold in another market, more media exposure, and more investors. Additionally, if the expansion goes well, you’ll have also demonstrated the adaptability and versatility of your product on a world stage. So when your later stage startup is ready to expand, where should you go?

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My First Trip to South Korea

Austin Startup

My first time to Asia, specifically South Korea, happened two days after Thanksgiving. culture travel wisdom startup koreaBeing in the U.S. Navy Reserves has it’s perks… Continue reading on Austin Startups ».

Korean accelerator SparkLabs showcases social and e-commerce startups at its second Demo Day

The Next Web

SparkLabs , an accelerator program in South Korea that is bringing a Silicon Valley-like approach to the Asian country’s startup ecosystem, showcased its second batch of startups to investors at Demo Day today. The businesses that the accelerator favor all aim to go beyond Korea’s traditionally inward focus, and move into lucrative markets including the US, China, Japan, and others. Asia Entrepreneur News Roundups South Korea startups

Korea – Asia’s Startup Powerhouse

YoungUpstarts

by Jun Byongnam, Regional Director of the Korea IT Cooperation Center in Singapore. In the fight against the COVID-19 pandemic, South Korea has been lauded in the speed and clarity of their response. Firstly, South Korea boasts a population that has 100 percent cellphone ownership , with 95% having a smartphone with online connectivity. South Korea’s responses are the results of decisions and groundwork done years ago to invest in digital capabilities.

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Watch the highlights from Seoul’s leading startup event

The Next Web

South Korea and its capital Seoul are best known for cutting-edge tech giants like Samsung and LG, but now there’s a big push to put its startups in the spotlight. One way the country is doing this is through events, specifically Start-Up Seoul: Tech-Rise 2019 — Seoul city government’s flagship event. TNW flew to Seoul to attend the buzzing conference where over 40,000 attendees, 300 startups, and a 100 investors from all over the world got together to share ideas and experiences.

The entrepreneur’s guide to the South Korean tech ecosystem

The Next Web

Even though some people might have a hard time pointing out South Korea on a map, almost everybody knows South Korean companies like Samsung and LG — but they aren’t the only noteworthy companies in the country. Many other interesting companies play an important role in the South Korean tech scene, and it’s hard to discuss one’s business expansion in Korea without knowing the major players in the market.

Video: Explore Seoul’s cool startup kitchens — plus a robot restaurant!

The Next Web

If there are two things that South Korea should be known for, it’s tech innovation and delicious food. Seoul houses giants such as Samsung and LG, and its startup ecosystem is seeing amazing growth. The city’s food culture is also to die for (I mean, who doesn’t love kimchi?), so it’s the perfect place to check out innovation in the food industry.

The Covid-19 virus is not politically correct

Steve Blank

It takes data from South Korea, Spain, Italy and China. The Covid-19 virus is not politically correct. It discriminates against the old and the unhealthy. The biggest risk factor in dying from the virus is age. If you’re 60 to 70 years old, you’re 30 times more likely to die from Covid-19 than if you’re under 40. And if you’re over 80, you’re 180 times more likely. It’s not that the young don’t get sick or die, but the odds are dramatically different.

5 Communication Hacks For Startup Cofounders

YoungUpstarts

Jeong also sits on South Korea’s Ministry of Science & Technology’s steering committee and the board of Chonnam Hospital, South Korea’s largest private hospital. by Saeju Jeong, CEO and Co-founder of Noom Coach. Many friends who start a new business together often end up going their separate ways, leaving the company to collapse and the relationship to turn sour.

5 Tips For A Traveling Entrepreneur

YoungUpstarts

Over the last 24 months, I’ve had to adapt to live in places with limited connectivity like Patagonia and the Sahara Desert to places made for the digital worker like Seoul, South Korea. Prior to Ansel, John moved to South Korea to teach English and “figure things out.” by John Lim, founder of Ansel.

Does Alternative Finance Exist In Singapore And Hong Kong?

YoungUpstarts

In Asia Pacific, the volumes in alternative finance have come from South Korea and China. The biggest player in South Korea is Money Auction, and the largest P2P lender in Japan is maneo Inc. by Anthony Coundouris , trade finance evangelist for ApexPeak. In Hong Kong, there are fewer than 10 alternative financiers, with similar numbers in Singapore. Alternative finance has grown slowly in these countries, because both are the historical treasurers of Asia.

[Asia] Asian Attitudes Towards Creativity And Education Differ: Adobe Study

YoungUpstarts

That number is 66% in India and 62% in Southeast Asia but only 53% in Greater China and 50% in South Korea. This compares to Southeast Asia’s 62% and 58% in Australia-New Zealand, yet garnered only 45% in South Korea. From the study results, it also seems evident that while educators in Australia and New Zealand are convinced of the importance of creative tools and digital media skills, respondents from South Korea aren’t quite so.

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Ticketbis, An Online Event Ticket Trading Platform

YoungUpstarts

The company then started its international expansion, and today has presence in 15 countries around the world in especially in Latin-speaking countries (which isn’t a surprise considering its Spain roots), but also covers parts of Asia including Japan, Hong Kong, South Korea and Singapore. Have you ever bought tickets to an event but later couldn’t make it, and found it a challenge to find someone else to take them off you?

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Wilkins Finance Cryptocurrency Predictions For Summer 2018

YoungUpstarts

For example, regulators in countries such as China and South Korea started to toughen up on cryptocurrencies while in the US, there was a move by the SEC to try and gain control over the cryptocurrency market. If there’s one thing for sure with cryptocurrencies, it is that nothing is certain and something unexpected is always happening. In the last year, Bitcoin has seen some astonishing peaks and troughs in value. Other currencies have had a rocky time too.

5 Ways To Make Extra Money After You’re Retired

YoungUpstarts

You will be connected to students in China, South Korea, Japan, and India to help them become more fluent in the English language. If you find yourself needing additional income during retirement, there are a few options at hand. By earning extra money on the side, you don’t have to deal with a commute or having another regular nine to five job.

How To Keep Your Company Alive – Observe, Orient, Decide and Act

Steve Blank

China and South Korea are starting their factories up again. This article previously appeared in the Harvard Business Review. It’s been updated with new information about the U.S. Paycheck Protection program and the Economic Injury Disaster Loan program. What cashflow-negative companies must do to survive. We’re in uncharted territory with the Covid-19 pandemic. But it’s increasingly looking grim.

8 Tips On Intercultural Communication And International Etiquette To Create Successful Business Relationships In Asia

YoungUpstarts

For years I’ve studied the cultures in 10 Asian countries: China, Hong Kong, India, Japan, Malaysia, Myanmar (formerly Burma), the Philippines, Singapore, South Korea, and Taiwan. Fast fact: In South Korea, where hierarchy is highly valued, it is important to match the formality, rank, and status of a Korean counterpart in business negotiations. . By Sharon Schweitzer, J.D.,

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Asian Exporters Drive e-Commerce Growth: eBay

YoungUpstarts

These businesses are exporters from around Asia including China, Hong Kong, Japan, Thailand, South Korea, India, Singapore, Malaysia, Indonesia, Philippines and Vietnam. We’ve always known anecdotally that Singaporeans spent a lot of time – and money – on e-commerce, buying a whole range of goods from fashion to jewelry. But what most don’t realize is that Singaporeans actually sell plenty of goods online as well.

How To Profit From Bearish Crypto Markets

YoungUpstarts

Additionally, countries like South Korea are implementing strict controls on digital currency trading and domestic brokers are no longer allowed to for accept foreign. The cryptocurrency markets have endured significant volatility in recent months. A frenzy of buying activity in Q4 2017 led to a massive surge in demand and prices for these digital assets. Bitcoin (BTC) surged to $20,000 + per unit by December 17, before sharply retreating to its current levels in the $8,000+ range.

The Great Winnowing of World Cup & The Startup Ecosystem

Agile VC

Picture I took in 2002 of WC stadium Daegu, South Korea. I’ve been a devoted fan of Arsenal for nearly two decades, former MLS season ticket holder (both San Jose Earthquakes when I lived in the SF Bay Area and New England Revolution here in Boston), attended World Cup 2002 in South Korea, and was fortunate to see both gold medal soccer matches in Bejing 2008 Olympics (US women’s victory, Argentina men’s victory).

Entrepreneurial Journey Takes Melvin Brewing To Denver’s Heights and Beyond

The Startup Magazine

During the festival, beers are shipped overseas to South Korea, Japan, Norway, Belgium, Sweden, and the United Kingdom. Jeremy Tofte’s family background in the beer business shows through in his work with Melvin Brewing. As an entrepreneur in the crowded craft brewing business, his company’s dedication to quality has fostered its popularity among the beer-drinking public.

Big Tech’s Competitor? Government

Andrew Payne

And while New York state has an economy comparable to Russia, South Korea, OR Canada, Amazon negotiates with them as roughly an equal. I’ve always felt my “best” Hacker News comments are the ones most down voted , like this nugget from about a year ago: (From: “ Zuckerberg struggles to name a single Facebook competitor “). Today, the concept of breaking up or limiting the big tech companies is far less abstract, with Sen.

How To Reach Millennial Clients With Digital Currency

YoungUpstarts

Over in South Korea, 100 million credit cards and 20 million bank accounts were comprised — all thanks to a single employee at the Korea Credit Bureau. by Stan Stalnaker, Founding Director of Hub Culture. Digital currency is a popular topic in today’s financial landscape. And for good reason. The market value for digital currency is rising, and so is public interest. After all, digital currencies have been adopted by major brands around the world.

Dog Days of Summer

thebarefootvc

As the United States celebrated its Independence Day on July 4th, several jurisdictions around the world, including South Korea, Bermuda and Malta, passed legislation to support crypto assets and virtual currencies. Of these, South Korea’s appears the most detailed by providing a classification scheme as a framework for regulation.

State of Colorado COVID-19 Innovation Response Team, Part VII – Retrospective

OnlyOnce

I’m not sure I’d want a Chinese style lockdown (although that may prove to have been effective), but South Korea’s pattern of learning from SARS and MERS, bulking way up on labs, reagents, epidemiologists, ventilators, etc., (This is the seventh and final post in a series documenting the work I did in Colorado on the Governor’s COVID-19 Innovation Response Team – IRT. Other posts in order are 1 , 2 , 3 , 4 , 5 , and 6.).

[ADV] Boodmo – Online Catalog For Buying Car Spare Parts

YoungUpstarts

They import auto-related items from Japan, Europe, UAE, USA, South Korea, and China. Boodmo.com is India’s largest online company which provides a suitable marketing platform for people looking to purchase auto parts. It was established back in 2015, as a section of Smart Parts Online Pvt. It offers a large number of automobile parts, including both aftermarket replacement as well as genuine parts, which are provided by more than four hundred suppliers from all over the country.

How The 5G Revolution Emerged And How It Will Give Business A Boost

YoungUpstarts

currently trails China and South Korea in 5G development, a situation which puts America at a disadvantage if it is not addressed. As a tariff war between the U.S. and China threatens to escalate, 5G wireless technology has emerged as one of the major fronts in the long-term competition between the two superpowers. The U.S. The National Security Council concurs, seeing the 5G gap with China as a potential military threat as well as an economic and political one.

The Snap IPO Happened. What Next LA?

Both Sides of the Table

We are the most diverse city in America — perhaps the world — with 200 nationalities, 100 languages and the largest population outside of a home country for 39 nations around the world including Mexico, South Korea, Armenia, the Philippines, Thailand and many others. Mayor Eric Garcetti at Upfront Summit, February 2017 I first sat down with then councilman Eric Garcetti on the Ides of March 2012 — almost 5 years ago exactly.

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The Multibillion-dollar China Question: Should a mid-sized tech company tempt fate in China?

Version One Ventures

About 10 years ago, I traveled to China, South Korea and Japan for AbeBooks with my co-founder Hannes to understand our expansion options. Didi Chuxing, the largest ride-hailing service is China, confirmed today that it will acquire Uber China. According to reports, the two companies will keep distinct brands, apps, and business operations, but the backends will be merged.

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The Case for Optimism and Risk at Startups

Both Sides of the Table

I was fortunate enough recently to be invited to a private sitting with the president of South Korea, Park Geun-hye, along with 18 other entrepreneurs. She is trying to build a “creative economy” in South Korea and wanted to learn from some Americans what made us so innovative and what they could learn from us. What makes America great, as I told the president of South Korea, is our willingness to accept failure.

Financial Literacy Across Asia Declining: Mastercard

YoungUpstarts

MasterCard’s Index – which covers Australia, New Zealand, China, Hong Kong, Taiwan, Japan, Korea, Malaysia, Philippines, Thailand, Indonesia, Singapore, Vietnam, India, Bangladesh, and Myanmar – calculates an aggregate score for each country based on three components: basic money management, financial planning and investment. of disposable household income, a stark contrast to other countries such as Australia (9.3%) and South Korea (5.3%).

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5 Singapore Industries In Which To Get Rich

YoungUpstarts

To a certain extent, Singapore is competing with countries like South Korea in that regard, which is only going to stimulate development in the biotech sector of Singapore further. by Rhys Arkins, founder of Key Location. Singapore has a thriving economy, particularly when it comes to international business, so there are plenty of different paths to get rich in Singapore.

Why Acceptance of Failure is Critical to Startup Success

Both Sides of the Table

This came to mind a couple of years ago when I had the chance to sit down with the president of South Korea and she asked a small gathering of 19 tech & business leaders for opinions about how to make the Korean economy more “creative.” The backdrop explained was that it was viewed that Korea has been tremendously successful at copying and perfecting other people’s technologies but in order to compete more effective in the future had to be more creative.

A Tale of Two Bubbles: Why Cryptocurrency Isn’t the Next Dot-Com

ReadWriteStart

Recent fluctuations in the price of bitcoin and other cryptocurrencies were the direct result of new regulations announced by the South Korean government , and other regulatory agencies across the world are guaranteed to make similar moves. South Korea only recently started exploring regulation, for instance, while Sweden has been offering derivatives in Bitcoin since 2015. Economic bubbles aren’t new.

Our Town – A Family Legacy

YoungUpstarts

But then a family emergency struck – Michael Plummer Senior suffered a major heart attack, and Junior was called home from his station in South Korea. Michael Plummer, Jr never really wanted to follow in his entrepreneurial father’s footsteps. His father Michael Plummer, Sr had built Florida-based Our Town from scratch since 1972, but Junior had never really wanted anything to do with it.

International Business Do’s And Don’ts

YoungUpstarts

A perfect example: Bill Gates once shook hands with the President of South Korea and he absent-mindedly kept his left hand in his pocket — as he commonly does because, as you can see in the media, Gates always has his hands in his pockets. by Scott L. Girard, Jr.,

around! Adds Joy To Location-Based Loyalty Marketing With QR Codes

YoungUpstarts

QR codes have been used in the various countries, such as Japan and South Korea, for marketing purposes to mixed degrees of success. Possibly the best use of QR codes I’ve seen in this region was by TESCO Homeplus, who used QR codes to create an entire virtual subway supermarket store targeted at busy professionals.

SMEs Are Riding Global Wave of eCommerce – But Logistics Concerns See Many Swimming Against Tide

YoungUpstarts

By Dr. Karen Reddington, President of FedEx Express, South Pacific. 4] In South Korea, mobile applications are key since almost one in three online clothing buyers last bought something via their smartphone. [5]. The Asia Pacific Division comprises three regions: North Pacific, based in Tokyo; China, based in Shanghai; and South Pacific, based in Singapore.

Survivors

Both Sides of the Table

I was at a private meeting with 20 people and the president of South Korea and she was asking us what we thought made the US tech ecosystem so great. She said that Korea really wants to build a “creative economy” and that understanding why the US is so innovative was important to her. Failure. It smells. People are afraid of it. It’s like cancer.

Transformify gets two freelance platform awards from FinancesOnline

Transformify - Recruiting

Many countries around the world require employers to hire people with disabilities and it has recently been reported that 50% of the private companies in South Korea. We are proud to be among the Top 50 companies worldwide participating in KGC subsidized by the government of South Korea, NIPA, and the Ministry of SMEs and startups. 2017, Seoul, Soth KoreaWe’ve got some great news!

SXSW Pitch Finalist: Looxid Labs

Austin Startup

Based in Seoul, South Korea, Looxid Labs aims to integrate biometrics into the VR/AR/MR platform. Looxid Labs promises to connect your mind to VR. The Forrest Four-Cast: February 13, 2020 Imagine VR/AR/MR systems that truly understand how users think and feel. One of the 50 finalists for SXSW Pitch 2020 , Looxid Labs is working on that, serving VR companies in gaming, healthcare, commerce, and education.

[Singapore] A Look Inside Facebook’s Singapore Office

YoungUpstarts

That’s right, there are no cubicles or private offices for senior staff – you can imagine how a senior executive transplanted from an Asian office culture (say from Japan’s Sony or South Korea’s Samsung) breaking down in an apoplectic fit when they first find out they’d be sitting next to a low-level code monkey.