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Startups in Korea are looking to incorporate AI technology into their existing products or service. The reason is that Korean investors are investing in AI-focused companies. The Korean government is also investing $2 billion in AI and has come out with a strategy to be a top 4 AI powerhouse by the...

While China is considered King when it comes to 5G technology, 5G in South Korea is not far behind. South Korean telecommunication companies have made 5G services available to consumers in April 2019. South Korea became the country in the world to launch 5G services. Since the end of 2019, South...

Korean cryptocurrency exchanges are still going strong despite facing opposition from the Korean government and banks. Korea still remains one of the top cryptocurrency trade exchange markets. South Korea has become a hub for cryptocurrency exchanges over the past few years. When you add in the...

South Korea is the birthplace of Esports. Competitive gaming has been around since the 1980s. However, true Esports which included pro-gamers, sponsors, and huge spectatorship really exploded thanks to Starcraft and its expansion pack Starcraft: Brood War. This game was massively popular in South...

IEOC – International Esports Omnipo Committee The IEOC was founded in London, UK in 2019 by Harvard graduate Kent Kim. IEOC stands for International Esports Omnipo Committee. Their aim is to promote Esports by hosting Olympic-like Tournaments around the world. Many feel that the future of all...

Global companies looking to enter the Korean market or Korean companies looking to advertise their product or service in Korea need influencer marketing. Influencer marketing agencies act as the middleman between companies and influencers. This is crucial for global companies that might have a...

The beauty industry is always changing as it tries to keep up with the latest consumer trends. K-Beauty has dominated the skincare space for many years now and global beauty brands are looking to see where they should go next. The beauty trends are shifting from legacy brands to more independent...

The 10-Step Skincare Routine is well known to the Korean Beauty Community. But if you’re new to K-Beauty, terms like ‘serum’, ‘exfoliator’ or ‘hyaluronic acid’ can be very overwhelming. That is why we have prepared a guide about the essentials of K-Beauty in our series about the...

The 10-Step Skincare Routine is well known to the Korean Beauty Community. But if you’re new to K-Beauty, terms like ‘serum’, ‘exfoliator’ or ‘hyaluronic acid’ can be very overwhelming. That is why we have prepared a guide about the essentials of K-Beauty in our series about the TOP10...

Biotech startups can be a high risk/high reward venture for investors. There are many Korean BioTech startups that have huge upsides. But they can be risky due to the ever-changing landscape in the healthcare industry. A typical biotech startup in Korea requires several years of research, tests,...

How WeGO is facilitating the world’s transition during the “fourth industrial revolution”  Trending towards urbanization Nearly half of the world now chooses to live in metropolitan areas. “The UN stated that nearly 70 percent of the world’s population will be migrating to cities for...

The 10-Step Skincare Routine is well known to the Korean Beauty Community. But if you’re new to K-Beauty, terms like ‘serum’, ‘exfoliator’ or ‘hyaluronic acid’ can be very overwhelming. That is why we have prepared a guide about the essentials of K-Beauty in our series about the TOP10...

With all the uncertainty regarding Blockchain regulations in South Korea, you would think their Blockchain ecosystem would be dying down. However, that is far from the case. Blockchain adoption is consistently growing in Korea. Furthermore, industries involved in finance, logistics, health, social...

Korean Beauty (K-Beauty) started the “skincare wave” and since then has taken over the global skincare industry. Much of the growth of K-Beauty comes from the Korean wave (Hallyu). As Korean culture continues to grow, more and more Korean beauty products get exported globally. This results in a...

Background of the KITA Open Innovation Program Many major companies around the world have chosen open innovation cooperative agreements with startups as essential corporate strategies for purposes such as: Acquiring promising technologies Establishing new business models Acquiring staff...

hiblocks announces its partnership with Henry Yu & Associates. Henry Yu & Associates is in alliance with the L & Y Law Office, a full-service law firm in Hong Kong. Together with hiblocks, Henry Yu & Associates established a collaborative relationship, where both parties will work closely to expand...

hiblocks announces its partnership with and Henry Yu & Associates. Henry Yu & Associates is in alliance with the L & Y Law Office, a full-service law firm in Hong Kong. Together with hiblocks, Henry Yu & Associates established a collaborative relationship, where both parties will work closely to...

Korean Startup Ecosystem The startup ecosystem in Korea has been surging since 2015. Furthermore, the Korean government launched a drive to support startups and also promote entrepreneurship among the youth. Entrepreneurship drive has been one sure strategy at the core agenda of past and successive...

Smartphone use is increasing everywhere in the world.  However, smartphone use in Korea is increasing at an alarming rate. South Korea ranks at the top for smartphone ownership at 95%. The other 5% have a mobile phone. Therefore in South Korea, smartphone or mobile phone ownership is at 100%....

The gaming industry in Korea has been on fire over the last decade. Esports have been embraced in Korea unlike any other place on earth. If you walk along the streets of Seoul you are sure to see multiple “PC bangs” (computer game rooms) near every main metro station. Esports is now a worldwide...

Wildly popular dating app Tinder has been able to break into the Korean market.  It took a while because Tinder was not a huge hit when they first entered the Korean market back in 2015.  The Korean online dating service industry is valued at over $75 million.  It is estimated that 2/3 Korean...

Many Blockchain companies are looking to enter the Korean market.  Korea in the past has been a hub for many ICO projects.  Korea even has a week dedicated to Blockchain called Korea Blockchain Week.  While the hype has died down quite considerably, there are still many Blockchain/ICO marketing...

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...

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...

Korean Venture Capital Firms have grown quickly over the last decade. Seoul is becoming a major tech hub in Asia. Furthermore, they have the highest concentration of smartphone users. Therefore Korea presents a good place for innovative startups that can shake up the market through technology. Many...

The Top 20 K-Pop Entertainment Companies for 2020 K-pop is still bigger than ever. It is growing every day not just in Asia but all around the world. Furthermore, K-pop Entertainment companies are reporting all-time high profits and pop groups are getting global exposure. In 2019, BTS...