TheSouth Korea is experiencing a steady growth in translation platforms due to the increasing demand for bilingual professionals. The main impetus for this is the country’s growing multicultural population and entry into the global economy. Additionally, with an increased focus on foreign investment, South Korea has adopted a Translation as a Service (TaaS) policy that enables companies to access and localize language resources rapidly. This has led to a rise in translation platforms in Korea and startups focusing on translation services. In addition, there has also been a rise in cloud-based services such as Google Translate that can harness vast amounts of data from various sources and deliver highly customized translations with accuracy and efficiency. Moreover, South Korea’s tech giants are beginning to use machine-learning algorithms for their large-scale translation initiatives, another major factor in the nation’s rising interest in applying translation technologies.
Iyuno SDI offers subtitles in over 100 languages and has over 30,000 freelancers. Some of their biggest clients include Disney, Netflix, Applet TV, and Amazon Studios. Therefore, they are considered the world’s biggest provider of translated subtitles. Their focus for 2023 is to continue to work on their neural machine translation engines, trained on data from specific entertainment genres. Their AI-powered translation is something to watch moving forward.
“My goal is to provide affordable and high-quality translation for everyone. I hope Babeltop could bring socio-economic value and activate global business,” said CEO of BabelTop, Cho Eun-byul.
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