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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…
How Coupang Continues to Succeed Despite Being Unprofitable
Many investors, mentors, and advisors in Korea will tell you that sales/profits are everything for a startup. Turning a profit shows that you have succeeded and it is what every business should strive for. Or is it? Most businesses exist to make money, so why is it that some of the biggest…
The Drone Industry in South Korea – A Complete Overview
The Korean government has been behind the push for the increase in robotics and drone technology. Currently, drones are being used for many things such as disaster relief (COVID), agriculture, repairs, and logistics. In addition, there is a growing interest in Korea for personal drones which are…
Nusa Motors – Electric Motorcycle Company in Indonesia
As the largest and most populous country in Southeast Asia, Indonesia is well-known for its scorching heat and regularly heavy traffic. With so many cars, trucks, and buses on the roads every day, there is a strong growing demand for an alternative mode of transportation that could help to reduce…
KITA – The Top Association for Open Innovation in Korea
KITA, the Korea International Trade Association has been around for over 70 years. KITA is the top association for Open Innovation in Korea. Their aim is to advance the Korean economy through trade. It is at the moment the biggest business organization in Korea with over 75,000 member companies.…
