Pet Startups in Korea Providing Innovative Solutions – Best of 2020

Pet startups in Korea are on the rise because it is estimated that South Koreans spend $2.5 billion a year on their pets in 2019. The Korea Rural Economic Institute feels this number will double to $5 billion by 2027.  If you walk down the streets of Seoul, you will see dogs in some of the cutest outfits. Koreans love their pets and there has been strong growth in the sales of pet food, accessories, and supplies production in Korea. 

Korean startups focused on the pet industry have sprung up fast in the past few years. With the rise of smart devices and other IoT technologies, there are many possibilities to revolutionize the pet industry in Korea. In addition, these Korean pet startups have the potential to go global because the pet market is growing all over the world. Therefore Korean VC firms have been very active in expanding their investments in pet startups and manufacturers of products related to the pet technology industry. 

Koreans Choosing Pets over Children 

The main factor in the booming pet industry in South Korea is that women are having fewer and fewer children. Many factors play into this but the two main factors have to do with the high cost of education and the long working hours. More and more couples are having fewer and fewer children. However, the number of households owning pets has increased. Data from Animal and Plant Quarantine Agency showed that over 30% of Korean households live with pets. 

Here  are the Best Pet Startups in Korea for 2020 

VARRAM

VARRAM korean pet startupKorean pet startup VARRAM created the next generation of smart toys for your pets called VARRAM Pet Fitness. They create robotic toys with AI technology to entertain your pets when you are away from home. VARRAM consulted with vets and dog trainers to create and design the best pet toy for your pet’s health and mental care. Pet owners can schedule playtimes and treat tossing times to their desire. The toy has an automatic drive and can move in various motions and make sounds to engage with your pet. It is the perfect toy for dogs as it moves in different patterns that are difficult to predict. Therefore your pets can play with VARRAM for a long time without getting bored.

Download their app to monitor your pet’s activity to see how often your pet engages with the VARRAM Pet Fitness. In addition, pet owners can use the manual function through their app to move the VARRAM using a virtual joystick. The battery can last for 24 hours. The device is very durable and safe for your pets. The price is under $100 and comes with a 1-year warranty.

BLOCKPET 

Pet Startups in Korea BlockpetKorean Pet Startup BlockPet is a Blockchain-based social media pet community platform that also offers a rewards system. It creates wallets by generating unique IDs of pets through pet identification technology. Users can post content of their pets in the pet community and get rewarded for their content. They are partnered with Klaytn and will be running the Blockchain application on the Klaytn Blockchain. Blockpet has gotten funding from Accelerator New Paradigm Investment, a subsidiary of Korean VC firm TS investment. 

Fitpet 

fitpet KoreaKorean pet tech startup Fitpet was founded by a former Samsung SDS engineer. It is a urine test kit for pets. The kit is used to analyze pet urine. Users can then use their mobile app to check for more than 10 types of diseases. In addition, the startup developed the world’s first nose print recognition technology for pets. This could play a large role for insurers offering pet insurance. Fitpet has had an estimated $8 million in sales for 2019. Furthermore, they were able to $4.6 million in series A funding led by LB Investment.

Petner

Pet Startups in Korea PetnerPet startup in Korea, Petner, is a pet-sitting service for dogs, cats, birds, and even reptiles. What makes this pet sitting service different is that they only allow veterinary students and current vets to register as pet-sitters. Petner offers three main services. These services include pet boarding, house sitting, and dog walking. Pet boarding allows users to bring their pets to a sitter’s home to be taken care of for a certain period of time. House sitting is a call-out service where a pet sitter will come to the user’s home for daily meals, cleaning up, and walking. They offer regular photo and video updates via Kakao. 

Bacon 

BaconKorean pet startup Bacon offers a wide selection of dog snacks, toys, and supplies. It is a subscription-based service. Every month pet owners will get something new for their dog. The boxes can be customized as well. If the user does not want to do a subscription service, they can buy the toys and snacks separately from their site. 

Petdoc 

Petdoc Korean pet startup Petdoc is a mobile app that offers real-time health Q&A service for pet owners. They can have their questions answered by a veterinarian and find information for nearby animal hospitals. The app also offers health information related to dogs, cats, rabbits, hamsters, and even hedgehogs. In addition, the app offers information for pet adoption and funeral services. 

Pet Friends 

Pet FriendsKorean pet startup Pet Friends offers one-hour delivery for pet products from noon to midnight in Seoul. It is free regardless of the purchase. This is great for those that are busy with work and don’t have the time to go out and get the pet supplies they need. Users can designate the delivery time of their choice. 

Pet Me Up

Pet Me Up

Pet startup in Korea Pet Me Up is a taxi service for pets. When a user requests a taxi, Pet Me Up will match them with a professional driver so the user and their pet can travel to their destination safely. Most taxis in Korea might be too small for a large-sized dog. In addition, most taxis in Korea will not allow pets in their taxi. The GPS-based app meter lets the user know the rates for the ride. In addition, Pet Me Up offers a professional reservation counseling agent to make reservations more convenient. 

Dog Mate 

Pet Startup in Korea Dog MateDog mate is a Korean pet startup that takes care of dogs when pet owners have to leave their homes for a long period of time. Currently, most Korean pet owners leave their pets at a pet hotel. With Dog Mate, owners can leave their pets at home and have a pet-sitter visit their home to take care of their pets. In addition, the user can drop off their pet at the pet-sitters home. This service is focused mainly on dogs because dogs need to be walked on a daily basis. 

Pet Forest 

Pet Forest in KoreaPet startup in Korea, Pet Forest is a place for pet owners to remember their pets after they have passed away. It is a premium funeral home for pets. They are staffed with qualified pet funeral directors for the pet funeral process. Pet Forest offers pet funeral services, cremations, and spaces to keep urns so that family members can visit their pets.