High Time for Korean Startups to Ride on Digital Fever in Southeast Asia(7)

High Time for Korean Startups to Ride on Digital Fever in Southeast Asia

There are yet pending issues to tackle in startup fever in Southeast Asia. Poor IT infrastructures in non-urban areas, shortage of high-skilled work forces and widespread financial illiteracy have chronically taken roots in most parts of Southeast Asia. 

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.

Recent startup boom across Southeast AStartup fever in Southeast Asia and its implication for India to improve indispensable public services(6)

Recent startup boom across Southeast Asia

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.

Recent startup boom across Southeast AStartup fever in Southeast Asia and its implication for India to improve indispensable public services(3)

Recent startup boom across Southeast Asia

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. 

For example, attempts to introduce mobile technology to region-specific circumstances have been drawing enormous attention.

Global eyes on startup fever in Indonesia(4)

Global eyes on startup fever in Indonesia

Starting from the e-commerce field followed by sectors like the co-working space, the mobility  and the fintech  services, young and ambitious startups have been playing crucial roles in taking initiatives to bring digital technology into designing customized solutions in a local context. 

As Bari Arijono  stressed throughout his book, 'Indonesia Digital Nation', digital transformation has been widely undergoing all over major industries in Indonesia.

Establishment of the AEC and its implication for South Korea(1)

Establishment of the AEC and its implication for South Korea

The ASEAN(Association of Southeast Asian Nations), the 7th largest economy in the world, seems quite noisy in the wake of the new year, 2017. Assassination at the airport of the capital city of Malaysia triggered huge fury from all over the world as the North Korean regime is suspected of the mastermind of the incident. 

While Myanmar is under international criticism for the massacre of its minority group, Indonesia sees social conflict with controversy of the majority religious party’s alleged attempt to exercise influence on the political sector. 10 ASEAN members are faced with their own weighty political or diplomatic issues as mentioned. 

The foundation of the AEC and its implication for South Korea(1)

The foundation of the AEC and its implication for South Korea

The ASEAN(Association of Southeast Asian Nations), the 7th largest economy in the world, seems quite noisy in the wake of the new year, 2017. Assassination at the airport of the capital city of Malaysia triggered huge fury from all over the world as the North Korean regime is suspected of the mastermind of the incident. 

While Myanmar is under international criticism for the massacre of its minority group, Indonesia sees social conflict with controversy of the majority religious party’s alleged attempt to exercise influence on the political sector. 10 ASEAN members are faced with their own weighty political or diplomatic issues as mentioned.

The foundation of the AEC and its implication for South Korea(1)

The foundation of the AEC and its implication for South Korea

The ASEAN(Association of Southeast Asian Nations), the 7th largest economy in the world, seems quite noisy in the wake of the new year, 2017. Assassination at the airport of the capital city of Malaysia triggered huge fury from all over the world as the North Korean regime is suspected of the mastermind of the incident. 

While Myanmar is under international criticism for the massacre of its minority group, Indonesia sees social conflict with controversy of the majority religious party’s alleged attempt to exercise influence on the political sector. 10 ASEAN members are faced with their own weighty political or diplomatic issues as mentioned. 

Why the World Pay Attention to Indonesia(1)

An Overview of 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. 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. 

Establishment of ASEAN Economic Community(1)

Establishment of the AEC(ASEAN Economic Community) and its implication for South Korea

The ASEAN(Association of Southeast Asian Nations), the 7th largest economy in the world, seems quite noisy in the wake of the new year, 2017. 

Assassination at the airport of the capital city of Malaysia triggered huge fury from all over the world as the North Korean regime is suspected of the mastermind of the incident. While Myanmar is under international criticism for the massacre of its minority group, Indonesia sees social conflict with controversy of the majority religious party's alleged attempt to exercise influence on the political sector. 

10 ASEAN members are faced with their own weighty political or diplomatic issues as mentioned. However, all countries may share their uniformed look at the 'AEC(ASEAN Economic Community)'. 

It is because the AEC came to the 2nd year of its ambitious inauguration 47 years after the establishment of the ASEAN in 1968.