SEOUL, April 19 (Korea Bizwire) — Most senior tech entrepreneurs established their own businesses on the basis of their experience at previous jobs, a survey showed Monday. The Korea Institute for Industrial Economics and Trade conducted a survey of 222 tech founders older than 40 years old, who established their own businesses in the areas [...]
SEOUL, July 8 (Korea Bizwire) — In the midst of a sluggish employment environment resulting from the COVID-19 pandemic last year, a shift towards entrepreneurship has continued this year, especially among young people. The number of new business established during the January to April period of this year totaled 449,000, down 14.2 percent from a [...]
SINGAPORE, June 29 (Korea Bizwire) - Premier global nutrition company, Herbalife Nutrition, unveiled findings from its 2021 Asia Pacific Young Entrepreneurs Survey today, which found that 72% of Generation Zs and Millennials in Asia Pacific aspire to have their own businesses. The survey showed that almost 9 out of 10 (87%) respondents believe that the best age [...]
HONG KONG SAR, Feb. 25 (Korea Bizwire) - How important is experience in entrepreneurial success? If you take a look at the world’s most successful businesspeople, the anecdotal evidence would point to the negative. Consider that Bill Gates didn’t have any experience running a business before Microsoft, and neither did Steve Jobs before co-founding Apple. Fast forward [...]
SEOUL, Aug. 29 (Korea Bizwire) — Like many other self-employed professionals here, Julia Mellor, an Australian specialist in traditional Korean alcoholic drinks, is striving hard to keep her business running, afflicted by COVID-19 and strict social distancing restrictions. Mellor wouldn’t just wait for the pandemic to be over. She is responding to drawn-out unpredictability by [...]
HONG KONG, CHINA, June 26 (Korea Bizwire) - If you have ever been called a “jack-of-all-trades,” you can rest assured the phrase “master of none” isn’t far behind. At the very least, it is often implied. But how relevant is this old saying in today’s business world? Unless you are a jack-of-all-trades who works in an [...]
SEOUL, March 10 (Korea Bizwire) — While one in five office workers say they have had “experience in starting a business” in the past, many of them had to shut down fewer than two years later, a recent report showed. According to a survey conducted by job search portal JobKorea of 1,348 adult men and [...]
HONG KONG, CHINA, Jun. 28 (Korea Bizwire) - Raising money from family and friends is a common and effective way for start-ups. However, will it affect the success of crowdfunding initiatives? Entrepreneurs are increasingly relying on internet crowdfunding — the use of online platforms to raise money from multiple contributors. It is reported that active global crowdfunding platforms [...]
SEOUL, May 25 (Korea Bizwire) – South Koreans are among the least interested in pursuing new business ventures, as many still fear failure could result in the loss of their entire savings. Among 34 OECD member countries, South Korea ranked 33rd in business opportunity perception, ahead only of Japan, according to the report ‘Small, Medium, Strong: [...]