Don’t dwell on Korea discount; light up visibility on global stage

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So many foreign companies and investors have left Korea disappointed after they failed to find business partners due to Korean tech companies’ lack of readiness for a global journey, said an official from the Korean tech industry.“Everyone is talking about going global but not many (in Korea) are ready for it,” the official said.

To the world, South Korea is well known as home to the world’s top two memory chipmakers Samsung Electronics Co.and SK Hynix Inc.but it is little known that Asia’s fourth-largest economy is also the vibrant tech startup center.“Overseas investors are not aware of how advanced Korea’s tech industry is,” said Frances Yoon, the president of corporate PR agency October Communications, who was once a reporter for The Wall Street Journal.

Korean entrepreneurs’ reluctance to reach out to media has resulted in scarce coverage of Korean tech companies, except household names like Samsung, LG Electronics Inc., or SK Hynix, by international media such as The New York Times, The WSJ or The Financial Times.

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Article Details

Category: Economy

Markets: South KoreaChinaFranceHong Kong

Topics: Tech Global Korea Model World Korean Samsung Companies Investors Time Electronics

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-10 @ 14:07:49 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 583 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 21561784

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Main Topics: Economy

Official Website: kedglobal.com

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