The K-ICT Born2Global Centre announced that MOIN, one of its member companies, will be launching its global money transfer service in Vietnamin Q1 of 2018.
MOIN offers an international remittance service based on Blockchain and crypto-currency technologies. A simple authentication procedure enables safe and convenient international wire transfers via MOIN's Website (both PC and mobile - Android and iOS), freeing users from having to visit a bank or wait for several days to complete a transfer. The service is already in operation in China and Japan.
One of the strongest advantages of MOIN's service that differentiates it from other money transfer systems is its direct, one-step process. This allows users to avoid commission fees and eliminates the waiting period required when going through an intermediary bank.
Because it does not rely on an intermediary bank, MOIN's global remittance service can exempt currency exchange commission. Also, when sending money via MOIN, MOIN enables the user to save up to 90 percent on remittance fees.
Another inconvenience that MOIN has eliminated is the time required to complete a remittance. When receiving money from Korea (to Vietnam) through other services, it can take anywhere from five days to several weeks, depending on the region of Vietnam from which the remittance is received. With MOIN, it now takes less than one day, regardless of the region of the recipient.
The sending process is a satisfying experience. MOIN can be used on both Android and iOS platforms, regardless of time or place and allows transactions to be made on a 24-hour basis year-round.
MOIN's CEO Ilseok Suh said, "MOIN's commission rate for international money transfer is less than two percent and there is no hidden fee. Our service also executes and finalizes transactions much faster and lets our customers see exactly how much they will receive in local currency for the amount being sent. In addition to expanding our service to Vietnam, we will also expand to the rest of Southeast Asia and also Europe, the United States, the Middle East, and Africa. We are working on further enhancing our algorithms so that we can offer our services at even lower commission rates."
In recognition of its potential, MOIN successfully raised $2.5 million in series-A funding this December.
www.themoin.com
www.born2global.com
Jina Lee
Member company service Kick-Off to provide annual year-round support for overseas debut
K-ICT Born2Global Centre (Born2Global) has begun cultivating global enterprises with its membership service Kick-Off.
On April 18, Born2Global announced that, based on the results of a contest held in March, it has selected 53 member companies for the first half of the year. Another call for applications will be held after June.
This time, a total of 212 companies submitted applications, giving rise to a competition rate of 4:1.
Every year, the Born2Global Centre provides support for approximately 100 companies.
An analysis of the applicant companies revealed that the market most startups hope to enter is that of the United States, which received 39.05 percent of all responses. This was followed by China (20%), Japan (18.57%), Southeast Asia (10%) and Europe (9.52%), showing that the majority of companies are preparing to expand their businesses into hub nations.
In terms of technology sectors, the largest proportion of startups favored IoT/wearable (27.75%), followed by mobile app/devices (14.35%), games/digital content (8.61%), and social media/platforms (8.61%), as well as fin-tech, big data, Enterprise SW, and data security.
The Kick-Off program was launched by Born2Global in order to provide more effective support for domestic startups aiming to enter foreign markets. Member companies receive continuous, year-round professional consulting services on all matters involved in entering overseas markets, including legal, patents, accounting, marketing, visa issues, labor, PR, and foreign accreditation. Other benefits include capability-building educational programs and customized services based on when companies are planned to debut (attracting domestic/foreign investment, business connections, etc.).
Since the establishment of its membership program, Born2Global has provided 6160 consultation sessions, facilitated 295 business contracts and partnerships with foreign companies, and assisted with 479 overseas patent applications, allowing its member companies to secure USD 199.89 million in investment.
On April 12, a Kick-Off meeting was held at the Pangyo Startup Campus for the new member companies and attorneys, patent and labor attorneys, and accountants on the internal team of experts responsible for providing year-round consultations.
Member company service Kick-Off to provide annual year-round support for overseas debut
K-ICT Born2Global Centre (Born2Global) has begun cultivating global enterprises with its membership service Kick-Off.
On April 18, Born2Global announced that, based on the results of a contest held in March, it has selected 53 member companies for the first half of the year. Another call for applications will be held after June.
This time, a total of 212 companies submitted applications, giving rise to a competition rate of 4:1.
Every year, the Born2Global Centre provides support for approximately 100 companies.
An analysis of the applicant companies revealed that the market most startups hope to enter is that of the United States, which received 39.05 percent of all responses. This was followed by China (20%), Japan (18.57%), Southeast Asia (10%) and Europe (9.52%), showing that the majority of companies are preparing to expand their businesses into hub nations.
In terms of technology sectors, the largest proportion of startups favored IoT/wearable (27.75%), followed by mobile app/devices (14.35%), games/digital content (8.61%), and social media/platforms (8.61%), as well as fin-tech, big data, Enterprise SW, and data security.
The Kick-Off program was launched by Born2Global in order to provide more effective support for domestic startups aiming to enter foreign markets. Member companies receive continuous, year-round professional consulting services on all matters involved in entering overseas markets, including legal, patents, accounting, marketing, visa issues, labor, PR, and foreign accreditation. Other benefits include capability-building educational programs and customized services based on when companies are planned to debut (attracting domestic/foreign investment, business connections, etc.).
Since the establishment of its membership program, Born2Global has provided 6160 consultation sessions, facilitated 295 business contracts and partnerships with foreign companies, and assisted with 479 overseas patent applications, allowing its member companies to secure USD 199.89 million in investment.
On April 12, a Kick-Off meeting was held at the Pangyo Startup Campus for the new member companies and attorneys, patent and labor attorneys, and accountants on the internal team of experts responsible for providing year-round consultations.
Member company service Kick-Off to provide annual year-round support for overseas debut
K-ICT Born2Global Centre (Born2Global) has begun cultivating global enterprises with its membership service Kick-Off.
On April 18, Born2Global announced that, based on the results of a contest held in March, it has selected 53 member companies for the first half of the year. Another call for applications will be held after June.
This time, a total of 212 companies submitted applications, giving rise to a competition rate of 4:1.
Every year, the Born2Global Centre provides support for approximately 100 companies.
An analysis of the applicant companies revealed that the market most startups hope to enter is that of the United States, which received 39.05 percent of all responses. This was followed by China (20%), Japan (18.57%), Southeast Asia (10%) and Europe (9.52%), showing that the majority of companies are preparing to expand their businesses into hub nations.
In terms of technology sectors, the largest proportion of startups favored IoT/wearable (27.75%), followed by mobile app/devices (14.35%), games/digital content (8.61%), and social media/platforms (8.61%), as well as fin-tech, big data, Enterprise SW, and data security.
The Kick-Off program was launched by Born2Global in order to provide more effective support for domestic startups aiming to enter foreign markets. Member companies receive continuous, year-round professional consulting services on all matters involved in entering overseas markets, including legal, patents, accounting, marketing, visa issues, labor, PR, and foreign accreditation. Other benefits include capability-building educational programs and customized services based on when companies are planned to debut (attracting domestic/foreign investment, business connections, etc.).
Since the establishment of its membership program, Born2Global has provided 6160 consultation sessions, facilitated 295 business contracts and partnerships with foreign companies, and assisted with 479 overseas patent applications, allowing its member companies to secure USD 199.89 million in investment.
On April 12, a Kick-Off meeting was held at the Pangyo Startup Campus for the new member companies and attorneys, patent and labor attorneys, and accountants on the internal team of experts responsible for providing year-round consultations.
