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The Reason Why Korean Startups Only Last a Year
Here is a reality that most Korean startups need to know and understand. Over 70% of all Korean startups only last a year. These startups set up operations in all kinds of sectors such as e-commerce, health care technology, robotics, AI, logistics, IoT, and etc. Close to 800,000 startups all over…
When Will Seoul to Launch their own Cryptocurrency the S-Coin?
China made headlines in cryptocurrency when it launched its pilot digital yuan (e-CNY) in early 2022. The digital currency works through a mobile app, e-CNY, available on Android and Apple app stores. The pilot program included 23 cities in China, such as Beijing and Shanghai. In South Korea, in…
The South Korean Media and Newspapers – A Full Breakdown
The South Korean media is very difficult for global companies to break into. South Korean media and newspapers have a bad reputation for being manipulated by the Korean government. Freedom of speech is only partly true in South Korea. Many Koreans feel that many major publications are run by…
Korean Cab-Hailing Startups Revolutionizing the Ride-Hailing Industry
When it comes to cab-hailing services, Kakao Taxi reigns supreme in Korea with an 80% market share. The size of the taxi market in South Korea is over $7 billion. Therefore there is plenty of room for Korean cab-hailing startups to enter the space. Kakao Taxi has been around since 2015, and it lets…
NFT Startups in Korea in High Demand by Investors
It seems like NFTs are the biggest trend in tech these days. NFT (or Non-Fungible Token) are one-of-a-kind digital assets that provide certification of ownership of the asset a user is buying. NFTs use blockchain technology as a ledger to record their sale and ownership. NFT startups in Korea are…
Educational Startups in Korea Helping Children Learn While Having Fun
Children in Korea have access to the digital world like never before. South Korea is at the forefront of technology and many educational startups in Korea are leveraging technology to help children learn. They are creating interactive games, online teaching platforms, and even robots to help…
