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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…
Education Inequality in Korea is a Problem that Needs to be Solved
Having access to better schools, teachers, and private education is a huge advantage for those who can afford it. Education inequality exists all around the world, however, it is extremely problematic in South Korea. The education system in Korea has been criticized for putting too much weight on…
SaaS Startups in Korea Offering Business Solutions for Retail
SaaS (Software as a Service) startups are on the rise as more and more customers use the web for their work. SaaS products and services allow users to access their account from any device to continue their work. What makes SaaS so popular is that users don't have to install software on each of…
Voice AI startups in Korea developing Speech Recognition Technology
The use of AI technology and machine learning continues to grow so does the amount of connected devices consumers and businesses can choose from. The core technology behind these connected devices is speech and voice recognition. It is estimated that the global voice recognition market will hit $30…
Live Commerce in Korea – Startups Offering Live Streaming E-Commerce
Live commerce in Korea is starting to take off as more and more people are comfortable with shopping online. Live commerce combines instant purchasing of a featured product and audience participation through a chat function or reaction buttons. It has been a huge success in China and is now seen as…
