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6 Mistakes Global Brands Make When Entering South Korea
Having a localization strategy is key when entering new markets. This is no different for entering South Korea. South Korea is a fast-growing market for global brands looking to target tech-friendly consumers. The retail eCommerce space alone is estimated to reach $100 billion by 2024. South Korea…
N15 Partners Supports Korean Traditional Culture Startups
The 2020 Young Entrepreneurship Support Project for Korean Traditional Culture, a campaign hosted by the Ministry of Culture, Sports, and Tourism and organized by the Korea Craft & Design Foundation, was a huge success. In November 2020, the project opened applications to support early-stage…
Why Startups in Korea are Lining up to be a part of Lotte Ventures
Lotte Accelerator has since its 2016 inception become one of Korea’s most active and accomplished accelerators. They provide in-house venture capital, a nexus between startups and corporates, and L-Camp (six-month accelerator program). Lotte Accelerator is a Corporate Accelerator of Lotte Group.…
Korean Startups Using Recycled Material to Create Cool Products
Korean Startups using recycled material to create innovative products are on the rise. South Korea has been ranked the second highest country when it comes to having a circular economy. Circular economies minimize waste and make the most of recourses. This is in large part to the Ministry of…
Standalone VR Headset Startups in Korea to Watch For
The Digital New Deal is a program in South Korea that invests in new technologies. This is why they are strongly supporting the metaverse industry in South Korea. However, for the Metaverse to truly become a reality, Korea needs its own standalone VR headset. Thankfully, there are a few standalone…
Air Premia – The World’s First Hybrid Airline
Air Premia is the world’s first official hybrid airline. Air Premia is South Korea’s newest airline and is getting a lot of buzz and attention in the aviation industry. The South Korean airline industry is already known for Korean Air and Asiana, but now there is a new player in the space called…
