Korea has become a mecca for ventures as Korea ranks first in the world of innovation.
Korea has become a mecca for ventures as Korea ranks first in the world of innovation.
In
addition, Korean e-commerce is expected to surge to nearly $107 billion by
2024. It is expected that the number of foreign companies entering Korea will
increase rapidly. For this reason, the demand for Korean-English and
English-Korean translations is also increasing, so it is important to work with
a translation company with extensive translation experience. As more and more
companies enter the Korean market, growth opportunities for start-ups as well
as large corporations are increasing. Especially considering that Korea is the
16th best country to do business.
Many
foreign companies find the following business opportunities in Korea.
E-commerce
- Korea has the fastest internet speed in the world. There are many companies
bringing web-based businesses to Korea.
Technology
- Because Korea ranks 9th in the number of Internet users in Asia. Also, there
are many companies that want to launch platforms and software.
Fashion-
The fashion world is booming under the influence of Korea's K-pop and other art
trends. The fashion industry is projected to grow to over $26 million by 2024.
Korea,
85.5% of all SMEs are looking for a way to relocate their company overseas.
Perhaps one of the most well-known industries expanding into overseas markets
in Korea is the cosmetics industry.
Korea's
cosmetics exports continue to expand. Korean beauty products that value health
and well-being are more popular abroad because it provides natural
moisturizing. In addition, the packaging of the product is visually attractive
and the price of the product is reasonable. Overseas customers expect more
Korean cosmetics to be launched in their home markets. Entering new markets
includes the ability to translate cosmetic components, instructions and packaging
and this part specifically needs cooperation with a Korean translation company.
At I’M Translation and ISiS Korea, we provide accurate translations when your
company expands from Korea to overseas markets. Finding the right
Korean-English and English-Korean translation service provider is very
important. At I’M Translation and ISiS Korea, we can perform the following
translation tasks.
1)
Website - Translating and localizing
the content of your website is an important step when entering a new market. A
company website is often a point of entry for customers, so translations should
take into account cultural nuances carefully.
2)
Marketing Materials - Effective
marketing can have a huge impact on a company's success when it comes to
entering new markets. That's why it's important to accurately translate your
marketing materials to get the right message for your customers.
3) Document Translation - When entering a new market, there may be many documents that need to be translated. For best results, you should work with a professional translation company that understands the field to translate.
How might I’M Translation and ISiS Korea aid translations?
At I’M Translation and ISiS Korea, we can connect you with a professional translators and interpreters. We have over 30+ languages available on our platform and we are flexible and available regardless of the language pair, topic, and time zone. Please visit us at www.imtranslation.com and www.isiskorea.com/eng to request a free translation and interpretation quote. Thank you!
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