After Movida Japan (see earlier post), this time Startup Alliance Korea created a public-private initiative committed to supporting South Korean startups domestically and assisting their international expansion.
Business leaders like Naver, Daum and Kakao have teamed up with the South Korean government to provide a co-working space, networking opportunities, and conferences.
The “Japan Bootcamp” features a host of meetings with major corporations like Line, Yahoo Japan, Google Japan, and advertising giant Dentsu.
Open Network Labs sponsored a Korean Startup Demo Day event. All 19 startups made pitches. Tech In Asia picked their favourite 5 Start ups to watch for the next few years to come. I selected my top 3.
Official website: http://www.textat.co.kr
If you have ever met a nice guy or girl and, after a few weeks of text messaging, the Textat team is confident that their system can accurately predict the emotional patterns underlying the conversation! Users answer a few background questions and then upload a thread of messages into the Textat system to find out if they can add “benefits” to their friend-status. Why not. It just gave me an idea…
Vingle is a content sharing social network service that has over 3,000 channels and is still growing. Founder Jiwon Moon learned about the power of fans when she co-founded Viki. With Viki, fans of television shows and movies provide their subtitling expertise for free. The service has gained popularity in the United States and Korea, but Moon told the audience that Japan is a key market it wishes to reach.
Official website: http://www.bapul.net/#/
Bapul is an education application that harnesses the geniuses of the world to educate those of us with more modest intellects. The app is designed to be used for math problems. A student working through a tough question can take a picture using a smartphone or tablet and then write out their approach to solving the problem. Within 20 minutes, a response should come through with the correct answer and explanation.
The Japanese market is full of education apps like Mana.bo and Studypact but the sheer simplicity of Bapul could give the Korean product some traction.About Open Network Lab Japan
Open Network Lab offers a three month, focused Seed Accelerator Program led by experts across multiple disciplines (keep an eye for the next round). Don’t miss Start Up Asia coming to Tokyo on 3 and 4th of September. 8 weeks to go! http://startupasia.techinasia.com/tokyo2014/
Get your entries in!
Image credits: Flickr
Review Original article and read more: http://www.techinasia.com/top-10-most-valuable-south-korea-startups-list/