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Korean startups get named in FT’s list of ‘High-Growth Companies in Asia-Pacific’

Korean startups get named in FT’s list of ‘High-Growth Companies in Asia-Pacific’

Korean startups and companies have been dominating the global market with innovation and technology. The Financial Times (FT)and the global market research firm Statista included 52 Korean startups and companies in its list of “500 High-Growth Companies in the Asia Pacific.” 

FT and Statista’s survey list was launched in 2017 for companies headquartered in 13 regions in the Asia Pacific region, including Korea, Australia, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, and Vietnam. 500 companies that recorded high growth in 2020 were selected as high-growth companies in Asia-Pacific. 

This survey, jointly conducted by FT and Statista, included companies with $100,000 or more sales in 2017 and $1 million or more in 2020. By country, Japan had the largest number of companies with 168 companies, followed by India (97 companies), Singapore (61 companies) and Australia (60 companies). 

Seoul ranked second with 42, behind Tokyo (97) in terms of cities. 27% of the target companies were technology companies, and the proportion of fintech, real estate, advertising, and e-commerce companies was also large. 

The top three companies on the latest list are: 

  • Great Deal E-Commerce Corp. - A Philippines e-commerce firm 
  • PCL Inc. - A South Korean health tech company that produces diagnostic medical devices focused on virus immunity. 
  • Spolive – A Korean app maker that specializes in sports commentary in real-time, via text and audio. 
innovation list south korea

Some of the other companies from the Korean startup ecosystem that were included in the list are leading grocery delivery e-commerce Market Kurly, tech startup 42Maru, food tech startup GoPizza, restaurant app SikSin, crowdfunding platform Wadiz, home-cleaning service startup Miso, shopping mall e-commerce company Seller Hub, and more. “Our growth potential was recognized once again. We will focus on improving the answering AI (Artificial Intelligence) platform based on SaaS to resume our global businesses,” 42Maru CEO D.K. Donghwan Kim said in a media statement. 

Source: Korea Tech Desk (March 20, 2022) 

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