Korea
Korean Government Moves Closer To Legislation That Limits Naver’s Tightening Grip On Korea’s Online Search Market
2013년 09월 30일

As Korean President Park Geun-hye pushes to promote fair competition in the Korean economy (currently dominated by a small number of family-run conglomerates), the country’s number one internet company, Naver, has been coming under fire again for allegedly abusing its power.   Startup “Memo This” developed a service that allows users to stick memos on any website for use by anyone who vistits the site at a later date. The theory is…

Is Korea Losing It’s Ranking as One of The Top Game-Producing Nations?
2013년 09월 30일

Korea was the first nation where online gaming was a lucrative career. And, having lived in Korea for five years, I have seen the huge potential in the online gaming market here, which attracts gamers to “PC Rooms”, like the one below, 24 hours a day. But, surprisingly, Korean produced games are now losing the fight against foreign competition. It has been claimed recently that Korea is losing its reputation as an…

‘Born Global Startups’ – A New Korean Startup Initiative, With a Dodgy Name, Opens For Business
2013년 09월 26일

On September 16, the Ministry of Science, ICT and Future Planning (MSIP) opened the ‘Born Global Startups’ (forgive the slightly dodgy name) project at the Future Global Business Start-up Support Center in Seoul. The twenty selected teams, three accelerators and two business incubation centers participated in the event. The aim is to support startups with strategy and to attract investment. The program will also finance three Korean incubators including Venture Square (teamed…

Korea Stumbling Towards Monopolistic Situation In Internet Search – Google Nowhere To Be Seen
2013년 09월 26일

The Background For those who don’t know it, the internet situation in South Korea is very different from what you might expect. Most impressively, Google, only claims around a 2% share of the search market. So who services this population of 50M, one of the most connected and tech savvy in the World? Naver, a subsidiary of Korea’s largest internet company NHN Corp, has controlled over 70% of the Korean search market…

Korea Leads The Global ‘Go Mobile’ Wave, And Opens New Opportunities For Marketers
2013년 09월 25일

Korean Internet users are adopting mobile faster than any other country in the world and the number of mobile users of key Internet services like Facebook and YouTube is increasing explosively. According to Facebook 90% of 11 million Korean users who access Facebook at least once a month (MAU) access their Facebook accounts on mobile devices. This figure is far higher than the global Facebook average of 71%. The global Facebook MAU…

Angry Birds To Cosy-Up With KakaoTalk As The Korean Platform Opens To Foreign Games
2013년 09월 24일

Kakao Talk remains the premiere platform to access the exceptionally lucrative Korean gaming market, with examples such as the wildly popular `Angry Birds’ (coming soon) and `Candy Crush Saga’ (already available) among many other titles on the platform. KakaoTalk has emerged as the key channel for overseas game companies’ in Korea. Preparations are well under way for the release of Angry Birds in Q3 2013. It has also been rumored that EA…

MyRealTrip – The AirBnB of Travel Tours
2013년 08월 27일

Don’t want to follow a boring tour guide with a white flag guiding you to boring and overcrowded tourist spots? myRealTrip is an open marketplace for local guides and travellers that offers authentic customized guide services. Simply put, MyRealTrip is crowd-sourced tour guides in English, Korean and Japanese. Traditional tours are often devoid of personal touch and often lure travellers into trips that are geared towards commercial advantage, and often misses the…

Meet Jeanie Han, America’s CEO of Line – The Asian Messaging App Gunning For The US
2013년 08월 23일

With Asian messaging apps battling it out for the global market and with messaging apps now being considered a threat to traditional Internet giants like Facebook and Google (especially amongst teens), it is very exiting for us at beSUCCESS to present beGLOBAL speaker Jeanie Han, CEO of Line for Europe and the Americas. Dr. Jeanie Han, who was recruited out of Paramount Pictures, is in charge of running LINE in the United…

SeedStars World Competition Comes To Korea; Apply Now!
2013년 07월 29일

Seedstars World is an exclusive worldwide competition to discover the best startups in emerging startup scenes. The competition is taking place March to December 2013 in 20 cities across the globe. One startup per country will be selected to participate in the final, held in Spring 2014, in Switzerland. The winners will receive prizes such as equity based investments, entry into acceleration programs, advertising and hosting services. How to apply? Visit this link and fill…

[Part III] On Cybersecurity Issues In Korea
  ·  2013년 07월 25일

*This is part III to the series on Korea’s cybersecurity issues. We all know that security is a vital investment for survival. In this article, I will cover: Issues involving China; Issues involving North Korea; Their implications; Evolution of cyberattacks, and APT; Korean government’s plans; and Reactions to those plans. For Korea, the biggest concerns are ‘Chinese and North Korean hackers’. Some may remember the attack on the U.S. by Chinese hackers who succeeded…

What’s Up In Korea? [Jun 3.]
  ·  2013년 07월 03일

World’s fastest mobile network launched by South Korean telco, SKT SK Telecom, Korea’s biggest mobile carrier, launched world’s first LTE-Advanced network called LTE-A, with speeds twice as fast as the current existing service. LTE-A is also 10 times faster than the 3G network. This service will be available in Seoul and 42 other major cities and provinces in Korea, as well as in 103 universities. How is this in line with global…

Analysis Of The LTE Revolution In Korea
  ·  2013년 06월 26일

Around 10 years ago, ITU said that “There are few recommendations that one can offer a country as advanced in ICT as Korea. Broadband penetration is the world’s highest.” –  and that still holds true today in 2013. 1. The Korean Telecom Market  South Korea has a driven telecom market dynamics. It has one of the fastest growth in smartphone numbers with around a 23 million increase in the span of 2…

Zuckerberg In Korea: Face-to-face Meetings With Samsung And President Park
  ·  2013년 06월 19일

Zuckerberg (center) walks into Samsung Electronics’ building to meet with executives of the Korean tech giant. Samsung We wrote earlier that the CEO of Facebook, Mark Zuckerberg will be in Korea (read the article here). The meeting with the Vice Chairman of Samsung Electronics, Lee Jae-yong was one of the key points in Zuckerberg’s short itinerary in Korea. It was speculated that he will be visiting President Park Geun-Hye – but he had also…

The Rise Of Collaborative Consumptions And Korea
  ·  2013년 06월 17일

Business is a zero-sum game. Collaboration is a plus-sum game. Everyone seems to be talking about “The Sharing Economy” – everybody literally gets a share of your meal, and vice versa. Take the Korean startup, Zipbob. So: Forget zero-sum games; people are all about “collaborative consumption” now. And the people in Asia, especially Korea, are rising up. Wait. Collaborative consumption? Short answer: commercial arrangements and transactions in which participants share and access…

Korea And The Internet Of Things
  ·  2013년 06월 10일

Good thing the Koreans went for the fiber early. South Korea dominates the top lists when it comes to broadband, according to latest edition of Akamai’s State of the Internet report for the three months ending December 31, 2012. The quarterly State of the Internet report puts the South Korean city of Daegu at the top of the 100 fastest cities. Here are some highlights from Akamai’s official press release: Global On…

This Week’s Startup – Baedal Minjok
2013년 06월 07일

This Week’s Startup – Woowa Bros.   Woowa Brothers <Baedal Minjok> <Official Website Link> “If you have ever been to South Korea, what is the most surprising part ?” Most of answers to this questions are predictable; foods, people, culture, and nature. But there is one answer unexpected; food delivery service. Food delivery service can be seen almost everywhere in South Korea bringing convenient, city life-style. With one easy phone call, you…

Current Facts About The Korean Market
  ·  2013년 05월 22일

The Korean Market: Huge.  Korea’s population: 50 million, with strong purchasing power. Korea’s GDP as of 2011: in the range of US$1.16 trillion. Korea’s GDP per capita: $22,778. Geographically, Korea is situated at the center of maritime & air transportation networks in Northeast Asia. Northeast Asia has now become one of the three global economic pillars, along with the US and Europe. Korea’s its high-end market is recognized as the ‘global trend-setter’ in the region. There…

7 Websites To Know When Wanting To Do Business In Korea
  ·  2013년 04월 12일

Here is a list of great websites you should know about when you want to do business in Korea:             KOTRA (Korea Trade Association). http://english.kotra.or.kr/             KOCCA (Korea Creative Content Agency). http://www.kocca.kr/eng/index.html             KOVA (Korea Venture Business Association). http://venture.or.kr/kova/index.jsp             Invest Korea. http://www.investkorea.org/ikwork/iko/eng/main/index.jsp             The Korean Law…

What Can We Make Of Apple’s Apology?
  ·  2013년 04월 11일

I read somewhere that it was gratifying for Koreans to watch Tim Cook (the Head of Apple Inc.) ‘beg’ for China’s forgiveness. Well, I guess that can be true to a certain extent, although I personally don’t agree with this. I also read somewhere that ‘apparently being the CEO of the best company in the world means to always say that you’re sorry.’ So, obviously, there’s a lot of emotions involved. It…

Global Forum Opened By ICT
  ·  2013년 04월 11일

The Ministry of Science, ICT and Future Planning (hereby ICT) held its first international meeting in preparation for the plenipotentiary conference of the “International Telecommunication Union” to be held at Busan next year. The ITU plenipotentiary conference is expected to bring together about 3,000 people from different governments, international organizations, and businesses in 193 nations. 100 representatives from 38 member states from the Asia-Pacific region attended the meeting to get global ICT…