Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(51)

Comparative Study on the Perception and Response of Singapore and Indonesia

In short, this is the right time for both Singapore and Indonesia to hit the AEC road to the better tomorrow of the ASEAN. 

Although local perspectives on the AEC mostly extracted from the publications cited above are utilized as primary sources of my argument, this paper may be potentially exposed to criticisms designating lack of real comments on the spot. 

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(48)

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia

Expectation is unprecedentedly snowballing that physical barriers will be torn down and regional exchanges of goods and services will be fairly propelled with the extra active commitments of the Indonesian government to the AEC. 

Brisk engagement of the Singaporean government for the success of the AEC should be continued, too. In short, this is the right time for both Singapore and Indonesia to hit the AEC road to the better tomorrow of the ASEAN.

Startup fever in Southeast Asia and its implication for India to improve indispensable public services(14)

Implication of Southeast Asia's startup fever for India to improve public services

This result clearly demonstrates the homework lying in the bottom of the Indian society. Startups armed with progressive social awareness can play significant roles in dissolving the messy fundamental public services especially those in education and health for the future of their country. 

This is none other than a right time for startups in India should open their eyes to Southeast Asia and try to learn the best lessons from their neighbors.

High Time for Digital Cooperation between Korea and Indonesia(4)

High Time for Digital Cooperation between Korea and Indonesia

The fact that 9 out of 11 unicorns in Southeast Asia are headquartered either in Singapore or in Indonesia proves the significance of the two countries in the ASEAN digital economy. 

It seems that Indonesia has caught eyes of the global investment experts more actively than Singapore in the regional competition of startup waves. The potential for growth in the country's digital industry has made it attractive to investors and entrepreneurs alike. 

High Time for Digital Cooperation between Korea and Indonesia(7)

High Time for Digital Cooperation between Korea and Indonesia

Poor IT infrastructures in non-urban areas, shortage of high-skilled work forces and widespread financial illiteracy have taken roots in many parts of the nation. This is where digital cooperation between Korea and Indonesia can take a meaningful step forward. 

What Korea has experienced in the last 20 years in becoming a global digital leader can be valuable asset to the Indonesian journey heading for the digital society. Beginning with promising fields including the fintech and the education, now is the right time for young startups in both countries to join hands with each other and hit the digital road hard.

 

High Time for Korean Startups to Ride on Digital Fever in Southeast Asia(9)

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

It is a shame that Korean startups are rarely mentioned for role models of Southeast Asian young entrepreneurs. 

Beginning with promising industries including fintech, education and mobile games, now is the right time for Korean startups to hit the digital road hard in Southeast Asia.

High Time for Digital Cooperation between Korea and Indonesia(8)

High Time for Digital Cooperation between Korea and Indonesia

What Korea has experienced in the last 20 years in becoming a global digital leader can be valuable asset to the Indonesian journey heading for the digital society. 

Beginning with promising fields including the fintech and the education, now is the right time for young startups in both countries to join hands with each other and hit the digital road hard.

 

Recent startup boom across Southeast AStartup fever in Southeast Asia and its implication for India to improve indispensable public services(16)

Implication of Southeast Asia's startup fever for India to improve public services

This result clearly demonstrates the homework lying in the bottom of the Indian society. Startups armed with progressive social awareness can play significant roles in dissolving the messy fundamental public services especially those in education and health for the future of their country. 

This is none other than a right time for startups in India should open their eyes to Southeast Asia and try to learn the best lessons from their neighbors.

High Time for Korean Startups to Ride on Digital Fever in Southeast Asia(8)

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

Local startup founders have made unanimous voices that success stories of mainland Chinese startups have inspired them a lot. It is a shame that Korean startups are rarely mentioned for role models of Southeast Asian young entrepreneurs. 

Beginning with promising industries including fintech, education and mobile games, now is the right time for Korean startups to hit the digital road hard in Southeast Asia.

Startup fever in Southeast Asia and its implication for India to improve indispensable public services(14)

Implication of Southeast Asia's startup fever for India to improve public services

This result clearly demonstrates the homework lying in the bottom of the Indian society. Startups armed with progressive social awareness can play significant roles in dissolving the messy fundamental public services especially those in education and health for the future of their country. 

This is none other than a right time for startups in India should open their eyes to Southeast Asia and try to learn the best lessons from their neighbors.

High Time for Korean Startups to Ride on Digital Fever in Southeast Asia(8)

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

This also holds true to Korean startups and venture capitals gearing up to carve out the Southeast Asian market. Local startup founders have made unanimous voices that success stories of mainland Chinese startups have inspired them a lot. 

It is a shame that Korean startups are rarely mentioned for role models of Southeast Asian young entrepreneurs. Beginning with promising industries including fintech, education and mobile games, now is the right time for Korean startups to hit the digital road hard in Southeast Asia.

Startup fever in Southeast Asia and its implication for India(14)

Implication of Southeast Asia's startup fever for India to improve public services

This result clearly demonstrates the homework lying in the bottom of the Indian society. Startups armed with progressive social awareness can play significant roles in dissolving the messy fundamental public services especially those in education and health for the future of their country. 

This is none other than a right time for startups in India should open their eyes to Southeast Asia and try to learn the best lessons from their neighbors.

Startup fever in Southeast Asia and its implication for India(15)

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

Startups armed with progressive social awareness can play significant roles in dissolving the messy fundamental public services especially those in education and health for the future of their country. 

This is none other than a right time for startups in India should open their eyes to Southeast Asia and try to learn the best lessons from their neighbors.

Startup fever in Southeast Asia and its implication for India to improve indispensable public services(14)

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

This result clearly demonstrates the homework lying in the bottom of the Indian society. Startups armed with progressive social awareness can play significant roles in dissolving the messy fundamental public services especially those in education and health for the future of their country. 

This is none other than a right time for startups in India should open their eyes to Southeast Asia and try to learn the best lessons from their neighbors.

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

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

This also holds true to Korean startups and venture capitals gearing up to carve out the Southeast Asian market. Local startup founders have made unanimous voices that success stories of mainland Chinese startups have inspired them a lot. 

It is a shame that Korean startups are rarely mentioned for role models of Southeast Asian young entrepreneurs. Beginning with promising industries including fintech, education and mobile games, now is the right time for Korean startups to hit the digital road hard in Southeast Asia.

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

Right 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 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. 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.

Right Time for Korean Startups to Ride on Digital Fever in Southeast Asia(4)

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

In addition, indigenous family conglomerates have joined the startup wave by setting up venture capitals and navigating business chances. This is no exception to Korean investment firms. 

As centered on Indonesia and Vietnam, two countries in the region respectively representing the maritime and the continental Southeast Asia, news of Korean venture capitals eagerly exploring lucrative investment opportunities are heard now and then. Why startup markets in Southeast Asia are much spotlighted?

Right Time for Korean Startups to Ride on Digital Fever in Southeast Asia(3)

Right Time for Korean Startups to Ride on Digital Fever in 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 huge attention. To name a few, startups aiming for improving the productivity of aquaculture industries or producing eco-friendly shopping bags to provide customized solutions for Southeast Asia where primary industries still considerably counts are loomed large.

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

Right 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(10)

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

Overall assessments on criteria encompassing maternal mortality ratio, share of seats in parliament and labor force participation ratio of India turned out alarmingly low. This result clearly demonstrates the homework lying in the bottom of the Indian society. 

Startups armed with progressive social awareness can play significant roles in dissolving the messy fundamental public services especially those in education and health for the future of their country. This is none other than a right time for startups in India should open their eyes to Southeast Asia and try to learn the best lessons from their neighbors.