South Korea's heroic 50 year economic ascent into membership of the OECD has been nothing short of phenomenal. Since the beginning of the 21st century, the country has attempted to seize technology innovation to help drive the economy further forwards. Through language, arts and culture, awareness of South Korean traditions is growing internationally.
With innovators like Samsung, LG, Hyundai-Kia, Naver, and Daum-Kakao in its heritage, South Koreans belong to the most technology driven people of the world. This nation also has a $2.8 billion online gaming market. The PC online games market in South Korea is expected to hit $3.5 billion by 2018. The next generation is now flexing its muscles. Awesome.
The surge of successful entrepreneurial endeavors in South Korea has propelled it to the forefront of digital startups in Asia. The region has become one of Asia's hottest startup hubs. It is now starting to see a flourishing startup ecosystem. However, the people are not resting on their laurels just yet. This nation will aim to lay the technological foundations of the next century. The plan is to roll out the 5g network by 2020. Too big of a dream? Well, if your dreams don't scare you, they are not big enough.
Against all odds, the 'Miracle on the Han River' has now opened its arms to the world to showcase the country's unique culture. While striving to become a global competitor, one would be wise to remember what has gone before and how one has now succeeded in rising from its historical challenges.
Inspired by 'Made in NYC,' Founded in South Korea has composed a list of truly innovative South Korean startups.
What do all these companies have in common?
1) They were founded in South Korea in the 21st century
2) They have the ambition to transform their industry
3) The founders are innovative leaders
Does your startup meet these criteria and do you want to support this initiative?
Submit your startup by joining below.