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KTSC officially launched in Singapore on 31 August, with 13 Korean startups that are part of the pilot batch presenting their businesses on a demo day in conjunction with the opening ceremony. During this period, the startups attended the KTSC Tourism Boot Camp which included business masterclasses and networking opportunities with major players in the region’s travel industry across the government and private sectors.
KTSC is riding the momentum from the connections and inroads they have laid since their launch by bringing 17 Korean travel tech startups from their program to Singapore.
Mr. Jang Min Jun, Deputy Director of KTO Singapore, who is in charge of KTSC believes that giving their startups more exposure in these events helps to build an intimate understanding of Singapore’s travel industry. “These events give our startups a chance to examine the ecosystem of the travel industry in our region. We are looking forward to making new connections, and exploring business synergies to be part of the driving force in this space.”
Some of KTSC’s startups attending the events are already making their mark in the local travel industry. Startups like NUUA which officially launched on 14 October, hold the distinction of being Singapore Airlines’ (SIA) first South Korean travel technology partner (aggregator), offering AI-powered solutions. While others like Globaleur have been in talks with Changi Airport Group (CAG) to implement their dynamic travel content which currently covers 200 cities and over 125,000 destinations around the world.
“I’m proud to be part of KTSC’s first batch of startups, and I am glad to see Singapore take such an active stance in welcoming tech companies from around the world. The travel industry is coming back in a big way, and I’m excited about the opportunity to have deeper conversations with local travel industry leaders to discuss close collaborations in the future.” Says John Lee, CEO of H20 Hospitality. H20 Hospitality currently has 160 employees in South Korea, Japan, Thailand, and Vietnam. The startup is setting its sights on being a tech unicorn after closing its Series C round at USD 30m in Q3 of 2021.
The list of exhibiting South Korean travel tech startups are listed below. Moving forward, KTSC aims to bring more Korean travel tech startups to set up businesses in Singapore.
(1) Travel Tech Asia
H2O Hospitality – Digital management solutions and services for the digital transformation of accommodation and leisure facilities.
Stayfolio – We Curate a Space Where Staying Itself Becomes a Journey
Infoseed – All the name around us, Global travel addressing platform, geo.nick
NUUA – An NDC certified Aggregator and an AI based Flight Booking Solutions for Travel Agents.
Groundk – “T-riseup”, property management system that helps digital transformation of transportation companies
Tripriend – LAN travel / foreign friends / language exchange
Travolution – Global OTA channel management service
AX Inc. – Online sales performance management solution using traveller order data.
Prinker Korea Inc. – temporary tattoo solution that allows you to safely apply any images you want to your skin.
Kreaon Co., Ltd. – Global media content platform
(2) SWITCH
AX Inc. – Online sales performance management solution using traveler order data.
Mobidoo – Live commerce all-in-one service
Tripbtoz – No.1 Metaverse Travel Platform
Uniquegood Company – entertaining mobile apps
Ninetosix – a functional insole and shoe recommendation service that suits customers’ feet
Stayfolio
Kreaon Co., Ltd.
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