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. 

High Time for Korean Startups to Ride on Digital Fever in Southeast Asia(6)

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

This could explain why global investment experts have been paying close attention to this area where youngsters covering around half of the overall population are jumping on the brand new era of digital economy. 

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. 

High Time for Korean Startups to Ride on Digital Fever in Southeast Asia(1)

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

Startup boom can be named as one of the hot issues in Southeast Asia this year. This may not sound familiar to most Koreans except for those involved in the IT industry or venture capital sectors. However, startup markets across Southeast Asia have been rapidly gaining momentums. 

In fact, locally born leaders of digital economy such as Grab in Malaysia which recently acquired the Southeast Asian business unit of Uber have been acclaimed for changing the conventional industrial map in the region.

Startup fever in Southeast Asia and its implication for India to improve indispensable public services(8)

Implication of Southeast Asia’s startup fever for India to improve 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.

High Time for Korean Startups to Ride on Digital Fever in Southeast Asia(1)

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

Startup boom can be named as one of the hot issues in Southeast Asia this year. This may not sound familiar to most Koreans except for those involved in the IT industry or venture capital sectors. However, startup markets across Southeast Asia have been rapidly gaining momentums. 

In fact, locally born leaders of digital economy such as Grab in Malaysia which recently acquired the Southeast Asian business unit of Uber have been acclaimed for changing the conventional industrial map in the region.

Startup fever in Southeast Asia and its implication for India(6)

Recent startup boom across Southeast Asia

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. Poor IT infrastructures in non-urban areas, deficiency of high-skilled work forces and widespread financial illiteracy have chronically taken roots in most parts of Southeast Asia. 

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

This could explain why global investment experts have been paying close attention to this area where youngsters covering around half of the overall population are jumping on the brand new era of digital economy. 

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. 

Startup fever in Southeast Asia and its implication for India(9)

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 boom in Southeast Asia and its implication for India to improve indispensable public services(5)

Startup boom in Southeast Asia and its implication for India to improve indispensable public services

This could explain why global investment experts have been paying close attention to this area where youngsters covering around half of the overall population are jumping on the brand new era of digital economy. There are yet pending issues to tackle in startup fever in Southeast Asia. 

Poor IT infrastructures in non-urban areas, shortage of high-skilled workforces 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. 

Startup fever in Southeast Asia and its implication for India to improve indispensable public services(6)

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. Additionally, as widely known, some CEOs of top-tier multinational technology companies like Google, Microsoft and Nokia have been supplied from the vast pool of Indian IT talents.

Startup fever in Southeast Asia and its implication for India to improve indispensable public services(4)

Startup fever in Southeast Asia and its implication for India to improve indispensable public services

According to an article from the Wall Street Journal, whopping 120,000 online users are newly reported in the region on a daily basis. 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 close attention to this area where youngsters covering around half of the overall population are jumping on the brand new era of digital economy. There are yet pending issues to tackle in startup fever in Southeast Asia. Poor IT infrastructures in non-urban areas, shortage of high-skilled workforces and widespread financial illiteracy have chronically taken roots in most parts of Southeast Asia.

High Time for Korean Startups to Ride on Digital Fever in Southeast Asia(5)

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

According to an article from the Wall Street Journal, whopping 120,000 online users are newly reported in the region on a daily basis. 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 close attention to this area where youngsters covering around half of the overall population are jumping on the brand new era of digital economy. 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. 

Which Asian universities prominent in QS world rankings for engineering and technology?(1)

Which Asian universities shine in QS world rankings for engineering and technology?

Last year, the University of Tokyo (7th), Nanyang University of Singapore (9th), Tsinghua University (11th), Kyoto University (17th), Tokyo Institute of Technology (23rd), Korea Advanced Institute of Science & Technology (24th) and Hong Kong University of Science & Technology (26th) were the Asian universities in the top 30 for engineering and IT in the QS World University Rankings. 

Come April, find out if these Asian universities will rank higher this year and if more Asian institutions will join the top 30. In previous years, QS ranked universities in five broad subject areas: Arts and humanities; engineering and IT; natural sciences; life sciences and medicine; and social sciences. From 2011, the rankings will cover over 30 individual subjects, thus offering the most wide-ranging comparison at the departmental level.

Improving the Quality of MBA Education in Korea, Japan and China(3)

Improving the Quality of MBA Education in Korea, Japan and China(3) - Integrating East & West

Thus, if timely and properly changed, Asian MBA schools can even suggest a new education model. Then, companies, one of the biggest stakeholders of MBA education, can place themselves in the high interest and high power square of Stakeholder analysis. In other words, corporate responses would be moved from the present 'Indifference' to the future 'Active Recruitment'. 

Contextual background of various countries by Geert Hofstede also implies that Korea, Japan and China, as the most high context nations which underline righteousness and strongly want their faces saved, desperately need different types of MBA education with remarkable emphasis on Asian value.

Under this circumstance, integrating Eastern & Western values into MBA education through active Asian-value reflection should be done in no time. First of all, Asia-specific classes such as Confucianism, Buddhism, Asian language and history need be opened. In doing so, Asian MBA schools can deliver values such as social responsibility, ethics and community spirit. 

In addition, more case studies, especially about new and joint ventures that are so prevalent as China develops, are powerfully required. Students can learn Korean IT industry, Japanese management style and Chinese manufacturing sector in depth. Furthermore, faculty members with Asian backgrounds should be recruited to some extent. Without Asian Ph.D. professors, active Asian value reflection will be a wishful thinking.