You might have noticed that TechNode has recently started writing about South Korean startups. There are many success stories coming out from Korea, which we summarized in 5 Key Facts to know about Korea’s Startup Ecosystem. Briefly, these points are: 1. Gangnam is hot for tech startups as well as tourists. 2. Successful entrepreneurs are now becoming angel investors and venture capitalists. 3. Top talent from major companies and leading universities are starting their own businesses. 4. Korean startups are getting global attention 5. Korean startups are getting investment and acquisition from overseas VCs.

There remain language and cultural barriers between China and Korea, while different regulation systems make it difficult for Korean startups to adjust to the market here. As TechNode talked to Korean startups that are reaching out to China, they told us it’s important to find a good local partner to enter the Chinese market. To help these entrepreneurs, organizations like Startup Alliance and KISA have created a three month incubation program to assist in creating a business model and networking with Chinese investors. They ran a demo day in NEOPLY China, in Shanghai’s Pudong area.

There are already several examples of Chinese businesses interacting with Korean companies, demonstrating their potential. You may know that WeChat and Kakao are rivals in the instant messenger business, but only a few will know that they are actually cousins. Tencent invested US$6.3 million in Kakao in 2012, acquiring 13.54% of the company. On May 27th, 2014, Kakao merged with Daum Communications to actively compete against the big players in the messenger industry. After the merger, Tencent became the second biggest shareholder of DaumKakao.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Eva Yoo

Eva Yoo is Shanghai-based tech writer. Reach her at evayoo@technode.com