Startup fever in Southeast Asia and its implication for India to improve indispensable public services
What has been undergoing in Southeast Asia can be observed in India as well. It is mainly because India is fairly conditioned with established resources needed for nurturing entrepreneurship in the wake of the digital era.
It is little doubt that India has been highly appreciated for its top-notch technology and IT manpower in an international stage. The fact that India has made it to develop and discharge its own nuclear weapons and artificial satellites shows the state-of-the-art level of scientific achievements of the country.
Startup fever in Southeast Asia and its implication for India to improve indispensable public services
With the exception of Singapore, capital markets and legal and institutional systems for startups in the region aren't well devised and developed as well.
However, venture capitals, symbols of adventurous money would remain indifferent unless they feel confident of more gains than losses by stepping into the digital frenzy in Southeast Asia. In this sense, a rosy outlook on the startup fad in Southeast Asia is likely to be maintained for the time being.
Startup fever in Southeast Asia and its implication for India to improve indispensable public services
There is further prediction that 480 million people almost nearing the entire population of the EU (European Union) will be accessed to internet in Southeast Asia by 2020.
This could explain why global investment experts have been paying closer attention to this area where youngsters covering around half of the overall population are climbing on the brand new era of the digital economy. There are yet pending issues to solve in startup fever in Southeast Asia.
Startup fever in Southeast Asia and its implication for India to improve indispensable public services
Why startup markets in Southeast Asia are much spotlighted? Hugh growth potential in the region would be singled out above all things. The number of internet users in key countries of Southeast Asia like Vietnam and the Philippines has been mounting the fastest on the planet.
A recent article from the Wall Street Journal rings another bell that whopping 120,000 online users are newly marked in the region on a daily basis.
Startup fever in Southeast Asia and its implication for India to improve indispensable public services
For example, attempts to introduce mobile technology to region-specific circumstances have been drawing enormous attention. To name a few, startups aiming for improving the productivity of aquaculture industries or producing eco-friendly shopping bags to offer publicly-customized solutions for Southeast Asia where primary industries still considerably counts are loomed large.
In addition, indigenous family conglomerates have joined the startup wave by setting up venture capitals and navigating business chances.
Startup fever in Southeast Asia and its implication for India to improve indispensable public services
Lazada, an e-commerce platform in Singapore and Gojek, an Indonesian app-based ride-hailing service provider are well-known cases. It is mainly young Southeast Asians equipped with experiences of studying in Western countries who initiated startup craze in the region.
As more and more young generations across the region rush to kick off their own companies, business models of startups are getting shaped up in a various way.
Startup fever in Southeast Asia and its implication for India to improve indispensable public services
According to Tech in Asia, a Singapore-based online technology media, startups in Southeast Asia enjoyed as much as $7.9 billion in investment in 2017. This figure is more than tripled than the total startup investment of $2.5 billion in 2016.
This is far startling because investment in Southeast Asian startups failed to reach even $1 billion in 2013. Consequently, unicorn startups, privately held startup companies valued at over $1 billion, has been emerging one by one.
Startup fever in Southeast Asia and its implication for India to improve indispensable public services
Startup boom deserves to be named as one of the hot issues in Southeast Asia these days. Startup markets across Southeast Asia have been rapidly gaining momentums.
As a matter of fact, locally born leaders of the digital economy such as Grab in Malaysia which acquired the Southeast Asian business unit of Uber in early 2018 have been acclaimed for changing the conventional industrial map in the region.
Why the World Pay Attention to Indonesia
In addition, general map and information of Indonesia as well as simple Indonesian expressions are provided. From the bottom of my heart, I sincerely hope 'Why the World Pay Attention to Indonesia' will play a timely and meaningful role of narrowing distance between Indonesia and South Korea further.
It couldn't be better if this publication will prove itself helpful to those South Korean businesses and young people dreaming of their future in Indonesia.
Why the World Pay Attention to Indonesia
This is where 'Why the World Pay Attention to Indonesia' initiates. This book aims to introduce still-unfamiliar Indonesia to South Korea in an easy way. 3-year-long experience in Indonesia mixed with curiosity of a former journalist produced 35 stories over Indonesian politics, economy, society and culture.
Major cities in Java Island like Jakarta, Surabaya, Bandung, Jogjakarta, Solo(Surakarta) and Bali Island are touched upon, too.
Why the World Pay Attention to Indonesia
In fact, the number of Indonesian visitors to South Korea already reached 200,000 in 2014. On the other hand, as many as 2,200 South Korean businesses have been actively involved in Indonesia to navigate a new growth engine such as Halal market to cope with the 21st century.
Against this background, it is a pity that Indonesia hasn't been properly presented to South Koreans yet. Publications on Indonesia have mostly been focusing on tourism to Bali or Indonesian language learning.
Why the World Pay Attention to Indonesia
Though Indonesia has been considered as part of Islamic culture where around 85% of the population, some 210 million nationals are reported to be Muslims, religious freedom is preserved and protected under the constitution. Relationship between Indonesia and South Korea is getting closer as well.
More and more young generation in Indonesia goes wild with South Korean celebrities while South Korean electronic goods, IT gadgets and food gain huge popularity among the public.
Why the World Pay Attention to Indonesia
This also seems to be in line with changes in political landscape especially in the wake of the latest presidential election in 2014 from which the first civilian president came to office. Indonesia's color is not less unique in cultural and social aspect.
It is no doubt that Indonesia represents a country of multi-culture and multi-race. As widely known, more than 300 ethnic groups with over 700 languages are observed in the territory. This diversity is no exception in religious point of view.
Why the World Pay Attention to Indonesia
Global money and talents have been rushing to Indonesia as its economy has shown a nearly-6%-solid growth on average during 2010-2014.
A multi-national accounting firm even pictured a rosy outlook that Indonesia will be boasting of the 4th biggest GDP in the world in 2050 followed by China, America and India. As a result of strengthened economic clout, Indonesia has been raising its voice in ASEAN.
Why the World Pay Attention to Indonesia
'Biggest island country in the world', 'Country with the largest Muslim population', 'Generate 40% of the total GDP(Gross Domestic Product) in ASEAN(The Association of Southeast Asian Nations)'. All are called to describe Indonesia.
Truly, the world is paying attention to Indonesia armed with the above top records even hard to get one by other nations. Indonesia is being highlighted as the leader of emerging markets recently.
Establishment of the AEC and its implication for South Korea
Unlike competitors heading forward, South Korea is often regarded encountered with shabby circumstance. Worries are prevailing that South Korea is way behind not only the running Japan but also the flying China. Other major players including Australia, America and the North Europe don't sit idle as well.
Prediction is that the ASEAN may play a crucial role of the last resort to save South Korea suffering from chronic weak growth. Needless to say, systematic and long-term approach is desperately needed in the unprecedented era of the AEC.
