Korea,The NEXT HotbedforAsia’s Entrepreneurs      Hyunwook James Jung      CEO of beSUCCESS
Korea,Brief OverviewIn Numbers
Let’s First Take a Look at Some Numbers                      Republic of Korea is one of the hottest economies            ...
Let’s First Take a Look at Some Numbers                                      K-POPTech in Asia, Singapore   Korea, the Hot...
Korea is HOT on Mobile, too!      Korea is all Connected!      •  Internet-strong: 104.2% Internet Penetration      •  32 ...
Korea is HOT on Mobile, too!  4G is Trending!  •  44.6% of smartphones are 4G (LTE, up from 28.7% in the first half of 201...
On Mobile User Behaviors                                   Source: Matrix        iOS is Tumbling Down!        •  iOS M/S f...
On Mobile User Behaviors     SNG is Strong!     •  79.7% of smartphone users is playing or have played SNG.     •  Avg dai...
On Mobile User Behaviors              10milion Downloads in 17 days in Google Play                                        ...
On Mobile User Behaviors                                                                Source: Korea Internet and Securit...
On Mobile User BehaviorsMonthly Sales of Kakao Games                                                      $ 40 milion     ...
VC Activities    VC Activities are increasing!    •  It is commonly said that there are more than sufficient amount of ven...
VC ActivitiesTrend Setters•  A noteworthy change in 2012 VC activities in Korea was the epiphany of VC firms (   funds) sp...
VC Activities(Foreign) Accelerators/Angel Investors•  In 2012, was the Renaissance of Korean angel investors and accelerat...
Korea,PaymentInfrastructure
E-paymentPayment in online is still growing very fast                            %Growth       Total Volume (KRW Billion) ...
E-paymentOnline E-commerce is still growing very fast                                %Growth        Total Volume (KRW Bill...
E-paymentCredit Card (combined with Debit Card) is the Dominant E-payment Method                                          ...
E-paymentOligopoly in Payment Gateway Market    Payment Gatekeeper (“PG”) Market: 80% M/S    Mobile PG Market: 99% M/STech...
E-paymentLarge Corporations are Tapping E-Wallet Market                  Telcos                 Banks                   Re...
Korea,In Short
Wrapping Up                Very Fast and Interesting Culture                 James Jung / james@besuccess.comTech in Asia,...
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Hotbed korea be success(1)

  1. 1. Korea,The NEXT HotbedforAsia’s Entrepreneurs Hyunwook James Jung CEO of beSUCCESS
  2. 2. Korea,Brief OverviewIn Numbers
  3. 3. Let’s First Take a Look at Some Numbers Republic of Korea is one of the hottest economies in the world •  In 2010, Korea was ranked 3rd in the world in terms of econo my dynamism (Source: Newsweek, 2nd: US, 1st: Singapore) •  Population of Korea: 50,991,003 (As of Feb. 2013) •  GDP Per Capita: USD 23,679 (Source: IMF, 2011, 2nd in Asia) •  Seoul is projected to be Top 25 Global Hotspots in by 2025 wi th USD 55,000 GDP per capita (McKinsey, C.f., New York: 79K, Tokyo: 49K, Beijing: 44K)Tech in Asia, Singapore Korea, the Hotbed for Entrepreneurs April 4, 2013
  4. 4. Let’s First Take a Look at Some Numbers K-POPTech in Asia, Singapore Korea, the Hotbed for Entrepreneurs April 4, 2013
  5. 5. Korea is HOT on Mobile, too! Korea is all Connected! •  Internet-strong: 104.2% Internet Penetration •  32 MM Smartphone Users (As of Q4, 2012) •  67% Smartphone Penetration (1st in the world) •  35% Growth from 2011 (Source: Informa) •  68.7% change smartphones less than 2 yrs Source: Korea Internet & Security AgencyTech in Asia, Singapore Korea, the Hotbed for Entrepreneurs April 4, 2013
  6. 6. Korea is HOT on Mobile, too! 4G is Trending! •  44.6% of smartphones are 4G (LTE, up from 28.7% in the first half of 2012) •  15,890 4G smartphones •  4G traffic takes up about 46% of all mobile traffic Source: Korea Internet & Security AgencyTech in Asia, Singapore Korea, the Hotbed for Entrepreneurs April 4, 2013
  7. 7. On Mobile User Behaviors Source: Matrix iOS is Tumbling Down! •  iOS M/S first dropped under 10% mark since the iPhone launch in 2009 •  It is estimated Android M/S now exceeds 90% mark, as of Feb. 2013. Source: Korea Internet and Security AgencyTech in Asia, Singapore Korea, the Hotbed for Entrepreneurs April 4, 2013
  8. 8. On Mobile User Behaviors SNG is Strong! •  79.7% of smartphone users is playing or have played SNG. •  Avg daily playtime is 54.4 minutes. •  Main player segment is teenagers (87%), however, 77.2% in 40s and 54 .3% in 50s •  Among the players, 69.8% Played casual games, 39.2% simulation gam es, and 12.4% RTS/MMORPG * SNG: Social Network Game Source: Korea Internet and Security AgencyTech in Asia, Singapore Korea, the Hotbed for Entrepreneurs April 4, 2013
  9. 9. On Mobile User Behaviors 10milion Downloads in 17 days in Google Play Source: Korea Internet and Security AgencyTech in Asia, Singapore Korea, the Hotbed for Entrepreneurs April 4, 2013
  10. 10. On Mobile User Behaviors Source: Korea Internet and Security AgencyTech in Asia, Singapore Korea, the Hotbed for Entrepreneurs April 4, 2013
  11. 11. On Mobile User BehaviorsMonthly Sales of Kakao Games $ 40 milion $ 13.8 milion $ 4.7 milion 2013.8 2013.9 2013.10Tech in Asia, Singapore Korea, the Hotbed for Entrepreneurs April 4, 2013
  12. 12. VC Activities VC Activities are increasing! •  It is commonly said that there are more than sufficient amount of venture capital in Korean market. •  In 2012, 126 startup investments were made, up from 116 in the previous year. •  For the past 8 years, startup investments proportion to overall deal volumes pea ked in 2011, at 19%. •  For total of 105 VC firms, the average number of new startup investments in 201 2 was 1.2, slightly up from 1.1 of 2011. Source: Korean Venture Capital AssociationTech in Asia, Singapore Korea, the Hotbed for Entrepreneurs April 4, 2013
  13. 13. VC ActivitiesTrend Setters•  A noteworthy change in 2012 VC activities in Korea was the epiphany of VC firms ( funds) specialized in startup investments, namely:•  The Government of Korea established a 1:1 matching fund for angel investments i n order to increase angel investments.Tech in Asia, Singapore Korea, the Hotbed for Entrepreneurs April 4, 2013
  14. 14. VC Activities(Foreign) Accelerators/Angel Investors•  In 2012, was the Renaissance of Korean angel investors and accelerators.•  More Foreign and domestic accelerators were established.Tech in Asia, Singapore Korea, the Hotbed for Entrepreneurs April 4, 2013
  15. 15. Korea,PaymentInfrastructure
  16. 16. E-paymentPayment in online is still growing very fast %Growth Total Volume (KRW Billion) (Source: Statistics Korea, 2013)Tech in Asia, Singapore Korea, the Hotbed for Entrepreneurs April 4, 2013
  17. 17. E-paymentOnline E-commerce is still growing very fast %Growth Total Volume (KRW Billion) (Source: Statistics Korea, 2013)Tech in Asia, Singapore Korea, the Hotbed for Entrepreneurs April 4, 2013
  18. 18. E-paymentCredit Card (combined with Debit Card) is the Dominant E-payment Method (Source: Statistics Korea, 2013)Tech in Asia, Singapore Korea, the Hotbed for Entrepreneurs April 4, 2013
  19. 19. E-paymentOligopoly in Payment Gateway Market Payment Gatekeeper (“PG”) Market: 80% M/S Mobile PG Market: 99% M/STech in Asia, Singapore Korea, the Hotbed for Entrepreneurs April 4, 2013
  20. 20. E-paymentLarge Corporations are Tapping E-Wallet Market Telcos Banks Retailers …Tech in Asia, Singapore Korea, the Hotbed for Entrepreneurs April 4, 2013
  21. 21. Korea,In Short
  22. 22. Wrapping Up Very Fast and Interesting Culture James Jung / james@besuccess.comTech in Asia, Singapore Korea, the Hotbed for Entrepreneurs April 4, 2013
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