Announcing the 2020 Startup Korea! Report

Guest post by Clara Koh, AWS Startup BDM 

On November 5, together with the startup ecosystem partners such as ASAN NANUM Foundation, Korea Startup Forum, and Startup Alliance, AWS published the joint research project, 2020 Startup Korea!.

This is the 4th year since the first publication was released in 2017. While Korea boasts household names such as Woowa Brothers (Baedal Minjok) and Viva Republica (Toss) in the online platform and fintech spaces, startups have been struggling in other areas such as telemedicine, legal tech, and machine learning (ML). As such, the report analyzed the startup business environment in 5 major sectors and conducted a benchmark study of global and domestic best practices, in order to make necessary policy recommendations for Korea startups to grow and succeed.

▲  AWS joins forces with major startup organizations to publish a startup policy agenda report, 2020 Startup Korea!

AWS has actively participated in the process of confirming 5 areas of study based on the market intelligence and customer feedback. In addition, we have designed and conducted the interviews with our major ML customers, MeshKorea and Scatterlab, and partners, KAIST AI Graduate School and AI Hub City Gwangju, in particular, and provided them with an opportunity to share their voice. Also our customers, Woowa Brothers (Baedal Minjok) and Viva Republica (Toss), were highlighted as Korean best practices in online platforms and fintech, respectively.

▲AWS customers, Woowa Brothers (Baedal Minjok) and Viva Republica (Toss), highlighted in the report as the best success cases

2020 Startup Korea! report is available here. We encourage anyone who are interested in the Korea startup ecosystem to visit the website and download the report.

AWS Startup Business Development team is dedicated to the startup growth providing customized business and technical support throughout the startups’ journey from the early to the late-stage. We aim to be a preferred cloud partner that helps nurture startups with global startup programs such as AWS Activate Program.