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Korean Americans Can Succeed in the Korean Startup Ecosystem
Many Korean Americans visit South Korea to reconnect with family roots and experience Korea for the first time. While they are here they love to party and have a great time in places like Gangnam, Itaewon, Hongdae, etc. However, besides the aspect of having fun, there are many business…
Techstars Korea Accelerator – Mentorship Driven Program
Techstars, a startup accelerator has launched Techstars Korea Accelerator this year. Techstars has been looking to accelerate its global expansion efforts and thanks to its $42 million investment lead by SVB Financial Group, this will be possible. In addition, Techstars has 49 accelerator programs…
The Esports Industry in Korea – Korean Gaming Culture
South Korea is known for its passion for gaming and Esports. Esports is, short for electronic sports, has become extremely popular in South Korea due to various factors such as easy access for the youth to access high-speed internet, the rise in the cultural acceptance of gaming, and the rise of…
Will Bank of Korea Launch Digital Currencies in Korea?
The Bank of Joseon introduced currency notes in Korea back in 1946. 4 years later, a new central bank called the Bank of Korea replaced the Bank of Joseon. Now they play a major role in maintaining price stability in South Korea. However, recently with the rise of Bitcoin and other…
Why is the Youth Unemployment Rate in Korea so High?
The youth unemployment rate in South Korea currently stands at 10%. South Korea overall lost over 1 million jobs from the same time last year. The majority of job loss was in the service sector which has been hit especially hard during the coronavirus pandemic. Retail jobs, hotel jobs, and…
IDCITI offers an Underground GPS Solution for Smart Cities
Localization and navigation rely strongly on GPS (Global Positioning System) as it is both easy to use and accurate. However, GPS signals can be compromised by both natural and human sources. A startup in Korea called IDCITI has developed an underground GPS solution that can pinpoint a vehicle’s…
