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Korean Conglomerates Invest in the US Market
This is not the best news for the Korean startup scene. Korean conglomerates like Samsung, SK, Lotte, LG, and others have already started building plants in the United States and have started investing in US companies. This plan is to expand into the world's biggest customer market. Since Donald…
Entrepreneurs in Korea First Need to Learn How to Fail
Entrepreneurs in Korea have a larger fear of failure than those in the western world. That might be mainly because of the strict standards set by their parents. In Silicon Valley, it is expected that you fail when starting a startup. Through failure, you can learn from your mistakes. However for…
SEA Anchor – Helps Korean Startups Enter Southeast Asia
SEA Anchor is a premium Southeast Asia Anchoring program, strategic venture builder, and early-stage investor. They work closely with startups that are aligned with their investment thesis. They focus on key growth strategy development, opportunity maximization, business advisory, and connections…
ZEPETO is the largest Metaverse platform in all of Asia
ZEPETO is the largest Metaverse platform in all of Asia. It was created by Naver Z Corp. the metaverse arm of Naver, South Korea’s top search engine. The metaverse platform has over 300 million users and averages 20 million monthly active users from all around the world. It does not compare to…
Korean Cosmetic Industry – Overview of the K-Beauty Market
Due to the rise in demand for K-Beauty products in the United States and Asia, exports of cosmetics in Korea went up 16% in 2020 to $7.5 billion. The data was collected by the Korea Customs Service and the Korea Cosmetic Association. This means that South Korea is currently the 9th largest…
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…
