Startup Spotlight
Latest News
Top 10 Innovative Korean eCommerce Startups to Watch – Best of 2021
There are 3 key factors that make eCommerce so successful in Korea. First is that the single person household continues to grow and currently takes up 30% of the market. These single-person households do not have the time to do offline shopping. The second factor is Korea's well established digital…
Dodo Point by Spoqa – Collect Rewards at Offline Retail Locations Easily
Customers in Korea love saving points. While Americans love coupons, Koreans love loyalty point cards. Everywhere you go in Korea whether it is a movie theater, shopping mall, coffee shop, or restaurant, they will if you are a part of some kind of loyalty point or rewards program. Korean startup…
South Korea IT Giant Bets Big on Thailand
One of the biggest IT companies in South Korea has recently expanded its reach into Thailand with a major acquisition. Thailand has a dynamic and expanding economy with huge potential for South Korean companies. That has convinced Kakao to take over two companies in Thailand, Studio Phoenix and…
3D Printing in Korea will become a Billion Dollar Industry
Digitizing manufacturing into software is what gets so many investors excited about 3D printing technology. The 3D printing industrial revolution is starting in Korea. Globally the industry was worth $15.2 billion in 2021 and is expected to grow to $68.7 billion by 2028. 3D printing in Korea is…
LG Uplus Looking to be Korea’s Top VR Content Provider
LG Uplus seems to be going all-in on VR to raise its 5G network subscribers. LG is Korea's third-largest mobile carrier behind SK and KT. They hope that their focus on VR will be their way of breaking into the top 2. This will be their strategy to differentiate themselves in the highly-competitive…
Center for Creative Economy & Innovation in South Korea- CCEI
The first Center for Creative Economy & Innovation in South Korea was set up in Daegu City in September 2014. Ever since then, a total of 19 Centers for Creative Economy and Innovation (CCEI) have been established in cities and provinces all across South Korea. All the centers are operated by the…
