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Korean Cosmetic Industry – Overview of the K-Beauty Market
Due to the rise in demand for K-Beauty products in the United States and Asia, exports of cosmetics in Korea went up 16% in 2020 to $7.5 billion. The data was collected by the Korea Customs Service and the Korea Cosmetic Association. This means that South Korea is currently the 9th largest…
Clova by Naver – The Siri of South Korea
The AI technology sector in Korea is on the rise. AI is now incorporated into smartphones via virtual assistants such as in the case of the iPhone's Siri. South Korea has its own "Siri" and it is CLOVA, a virtual assistant developed by Korean Internet giant Naver. Most global IT companies have…
The Electric Vehicle Industry in Korea – 3 Million EVs by 2025
The South Korean government plans to invest heavily in the electric vehicle (EV) industry in the coming years. The electric vehicle industry in Korea is in massive growth thanks to the support of the government. They will be incorporating the same low-emission subsidy/tax credit strategy used by…
Fitness Startups in Korea on the Rise
Before COVID, fitness startups in Korea have been revolutionizing the industry. Many are developing innovative new technologies and business models. They were getting a lot of attention from investors in Korea as these startups were making it easier and more affordable than ever for people to get…
Startups Offering Travel and Tour Packages in Korea
When planning a trip to South Korea, there are a few factors to consider. First and foremost, travelers must decide what kind of experience they want. Are they looking for a traditional cultural experience? Or are they interested in exploring the country's natural beauty? Once that decision is…
Top Korean Travel Startups Disrupting the Tourism Industry
COVID-19 has been brutal to the travel industry not just in Korea but all around the world. However, before this outbreak, the travel industry in South Korea was on the rise. With the rise of Korean culture in regards to Kpop, entertainment, fashion, and beauty, an estimated 16 million…
