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Blockchain in Korea – A Complete Guide
The Blockchain boom of 2017-2018 in Korea is long over. However, as the buzz around Blockchain and cryptocurrencies died down in 2019-2020. The start of 2021 saw a major boom which took the price of Bitcoin and many other cryptocurrencies to an all-time high. Therefore there have been many exciting…
The Korean New Deal – A Complete Breakdown
As the Korean government looks to recover from the coronavirus pandemic, Asia's 4th largest economy will need to deal with not only high unemployment but the closing down of many businesses in Korea. Therefore the Korean government has recently announced the Korean New Deal which plans to invest…
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…
10 Things You Should Know Before Starting a Business in Korea
South Korea's GDP is 10th in the world with a total of $1.64 trillion as of 2019. A small country like South Korea has made the top 10 because they have made a concerted effort to open up its economy to foreign players. Therefore many foreigners are interested in starting a business in Korea.…
Targeting South Korean Consumers – Everything you Need to Know
South Korea has powerful industries in mobile, automotive, beauty, fashion, entertainment, and technology. They got to this level because of their massive workforce that has usually put career over family. The average Korean worker works about 70 hours a week. It got so bad that the Korean…
Korean Banks Using Blockchain Technology – Complete List for 2023
Around the world, the industry that has been against Blockchain the most have been banks. However, in Korea, banks seem to be embracing Blockchain technologies. At first, many Korean banks saw Blockchain as a competition. Early on, many banks in Korea feared they would lose funds and customers to…
