Tag: korea

[RECAP] Indonesia-Korea Tech Startup Demo Day

Posted on | by David Soukhasing | Leave a Comment on [RECAP] Indonesia-Korea Tech Startup Demo Day

Jakarta, Oct  25th 2018 – South Korean Ministry of Startup and SMEs, together with South Korean Ministry of Sports, Culture and Tourism of South Korean and Indonesian Creative Economy Agency (BEKRAF) hosted the very first Indonesia-Korea Tech-Startup Demo Day at Soehana Hall, The Energy Building, Jakarta last Thursday (10/25). The event was aimed to initiate a connection between startups, investors and related stakeholders from Indonesia and South Korea. The Ambassador of the Republic of Korea, H.E Chang-beom Kim and K. Candra Negara, Director for International Relation of Bekraf opened the event with a big welcome.

25 startups from South Korea and Indonesia had the opportunity to pitch in front of more than 100 investors, industry experts and other stakeholders. Small Medium Business Cooperation (SBC) organized this special pitching session in partnership with the Korea International Trade Association (KITA), Korea Creative Content Agency (KOCCA), and Indonesian Angel Investor Network (ANGIN).

Indonesia-Korea Tech-Startup Demo Day marked the end of Global Mentoring Program, a program with missions to explore and develop South Korean startups’ readiness to enter Indonesia market. Throughout one week, 15 South Korean startups in the program have engaged in a series of exciting yet valuable activities; from getting a mentoring with venture capitals; visiting office of Accelerators, Gojek and Qraved; attending Tech in Asia Conference 2018; to participating in a business matching and lastly, demo day event.

Indonesia – Korea Tech Startup Demo Day is sponsored by the Korean Embassy in Indonesia.

Here’s 15 Korean startups :

  1. Softgear Inc.
  2. Zeus Tech
  3. Ad Design Co.
  4. Tripeaks
  5. Earback
  6. Hope Co. Ltd
  7. Xrisp Co. Ltd
  8. Wayne Inc.
  9. Payperse Inc.
  10. Stylepill
  11. Paintpam Inc.
  12. Davin Holdings Co., Ltd.
  13. Medi Whale
  14. Mhmind Inc.
  15. DTS

Here’s 10 Indonesian startups:

  1. MSMB
  2. Bly
  3. Gudang Voucher
  4. Bizshare
  5. Manpro
  6. Svara
  7. Qiwii
  8. Allesh Power
  9. Vaxcorp
  10. Ponja

Wanna know more about the startups ? Click here to request Indonesia-Korea Tech Startup Demo Day event booklet.

[RECAP] The NEXT Content Fair 2018, Busan, South Korea

Posted on | by David Soukhasing | Leave a Comment on [RECAP] The NEXT Content Fair 2018, Busan, South Korea

October 4th – 6th, 2018 – Meredith from ANGIN team had a pleasure to attend the Next Content Fair 2018 event which located in BEXO in Busan, South Korea. This event was designed to revitalize the content industry, which is becoming the source of creating highly added values and jobs in the future and introduce specialized contents by regions. During the event, ANGIN had a chance to participated in business matching with Korean startups in the Augmented Reality, Virtual Reality, animation, and deep tech spaces. This event is hosted by Ministry of Culture, Sports and Tourism, jointly sponsored by the Korea Creative Content Agency.

It was amazing opportunity to see and speak to various Korean startup founders and understand better the Korean landscape as well as how Korean startups are seeing Indonesia as a new market opportunity. Great to also meet with fellow regional South East Asian VCs such as Quest Ventures and Rakuten Ventures — seeing a growing relationship between Korea + SE Asia

Furthermore, ANGIN team  also went to Seoul to meet with Korean government initiatives on the startup ecosystem such as  Korea Institute of Startup & Entrepreneurship Development (KISED) and Korea Venture Investment Corp (K-VIC). Within this meeting, We hope to soon discuss further on opportunities in supporting one another’s ecosystem in market expansion and investment opportunities.

Credit picture: https://hapskorea.com/2018-next-content-fair-at-bexco/

[RECAP] NextIcorn International Convention 2018

Posted on | by David Soukhasing | Leave a Comment on [RECAP] NextIcorn International Convention 2018

Last week, David Soukhasing, Valencia Dea, Riaz Bhardwaj and Meredith Peng form ANGIN had a chance to attend NextIcorn International Convention 2018, hosted by Amvesindo. NextICorn gathered selected potential startups, curated by NextICorn Coordinating Board, to discuss and pitch for investment opportunities with over 100 venture capital representatives after undergoing selection process with several requirements.

Through the event, we had a chance to met the startups, caught up with old friends from the ecosystem, connected with new investors who are interested in the Indonesian ecosystem. At the panels, NextICorn representatives, who were among Indonesia’s most investable startups, shared their insights into the opportunities that exist in each of their respective verticals. On the other hand, the panel of prominent international investors shared the stage and their perspectives on the opportunity landscape in Indonesia, while domestic investors  shared their  insights into investing in Indonesian startups.

With the aim of making Indonesia as a “digital paradise“, NextICorn aim to see investment perspective in the Southeast Asian region, especially Indonesia, through the eyes of global investors. In other words, issues including concerns over the regulatory sector, investment climate, competitiveness, regional GDP and growth rate, as well as the critical decisions to address “Series B” funding gap for the startups will be covered. Within this event, ICT Minister Rudiantara addressed the current strategic and regulatory framework as being considered by the Indonesian government to induce further growth in Indonesia’s digital economy sector.

Photo credit to : www.kominfo.go.id

 

[RECAP] K-Content Expo 2018

Posted on | by David Soukhasing | Leave a Comment on [RECAP] K-Content Expo 2018

At the K-Content Expo 2018 in Bangkok, I had the pleasure of meeting with numerous startups and organizations in the Korean creative industry in sectors ranging from character licensing, VR, EdTech, film production, broadcasting, comics, video games, and animation. Throughout the two meeting-filled days I learned about the opportunities and challenges facing this industry both in Korea and around the globe.

Everyone I met with cited the opportunity for novel Korean content and entertainment to spread to other countries in Asia that have not yet been fully exposed to it. Many particularly noted Indonesia as a promising region to target due to its very large and digitally savvy population. Although there was widespread optimism about expanding to adjacent regions, content creators emphasized the importance of finding the right local partners in order to ensure successful distribution and adoption. It was clear to me that the consumer media preferences in Korea were quite different than in other regions and that the type of content that has been successful there may not necessarily be elsewhere. As a result, all of the companies were very keen on understanding the local preferences of each of these adjacent regions thoroughly before taking action.

It will be interesting to see how the Korean creative industry develops going forward — I will certainly be keeping an eye on it. I am grateful to have been able to meet the extraordinary companies and people at the K-Content Expo, and look forward to keeping in touch in the future. I would like to thank KOCCA for hosting and inviting me to such a rewarding event.

KOCCA is a government agency under the MCST, supporting the advancement of creative industry in Korea, which encourages global business and enhances cultural exchanges, MCST and KOCCA hold the K-Content EXPO around the world yearly.