Mobile start-ups look to their future in Seoul

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Mobile start-ups look to their future in Seoul

Korea’s big name mobile-based start-ups such as T-Mon, Job Planet and Memebox are gathering in Seoul to discuss their future business environment at the MAX Summit in Seoul.

The two-day conference for start-ups in the mobile game and mobile service industry begins on Monday at the COEX convention center.

The conference is the nation’s biggest business-to-business conference for mobile-based start-ups.

More than 120 mobile game, service and advertising companies have booths and nearly 60 conference sessions are slated to take place on the latest issues from games and fintech to the sharing economy, new media and venture capital.

Founders of well-known start-ups will give presentations and hold discussions on the industry’s future.

The presenters include founder and CEO Daniel Shin of Ticket Monster, which has been servicing the nation’s first social commerce T-Mon; CEO Hwang Hee-seung of Job Planet, a social media platform where anonymous users evaluate each employer’s working environment and corporate culture; Co-founder and CEO Ha Hyeong-seok of Memebox, the nation’s largest e-commerce start-up specializing in beauty products; Lee Jun-kyu, general manager of the global accommodation sharing Airbnb’s Korea office; and CEO Lee Jung-soo of Flitto, a crowdsourcing translation start-up.

Local venture capital experts including MashUp Angels CEO Lee Taek-kyung, FuturePlay CEO Ryu Jung-hee and Fast Track Asia CEO Park Ji-woong are also taking part. From the mobile game industry, YJM Entertainment CEO Min Yong-jae, Nchant Interactive founder and CEO Park Young-mok, Korea Mobile Game Association Chairman Hwang Seong-ik and Nexon Vice President Jung Sang-won are also attending.

“Some 60 heads of the nation’s key start-ups such as Ticket Monster and Memebox as well as overseas-based venture capitals are gathering at this summit,” said CEO Yoo Bum-ryung of Mobidays, a marketing agency specializing in mobile-based businesses. “We plan to further develop the conference to include global start-up unicorns.”

“The industry, which consists of service businesses working on mobile platforms, is worth more than 10 trillion won [$8.45 billion] including corporate value and market capitalization,” said Mobidays.

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