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

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.

 

Expansion of Mobility Services and Its Impact on the Development of a Cashless Society in Indonesia(7)

Global eyes on startup fever in Indonesia

It seems that Indonesia has caught eyes of the global investment industry more actively than Singapore in the regional competition of startup waves. A growing number of venture capitals and startup incubators sense exceptional business opportunities of Indonesia especially in terms of the market size. 

In fact, as the world's biggest archipelago with 17,000 or so islands, Indonesia has little choices but to rely upon online or mobile platforms to have more people advantaged from the convenience and efficiency of the digital economy.

 

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.