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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…
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…
Cold Chain Solutions in Korea – Temperature Controlled Logisics
Cold chain solutions in Korea are on the rise as the demand for the storage, preservation, and transportation of cargo in cold temperatures is increasing. COVID-19 showed the importance of these solutions for medicinal products, as spoiled vaccines can lose their efficacy and have serious…
Korean Medical Robotics Startups Impacting the Healthcare Sector
There will be significant advancements in the way healthcare is delivered in Korea. Growing technological achievements in the healthcare industry have given birth to many innovations to help hospitals, doctors, and patients. These technological achievements are in new technologies such as AI, data…
