Do you want to start a business in South Korea as a foreigner? If Yes, here are 50 best small business ideas & investment opportunities in South Korea. South Korea is an Asian country that is located in the Eastern part of the Asian Continent. The capital city and seat of power of South Korea is Seoul. Seoul is also the largest city in South Korea and it is rated to be the second largest city in the world with over 25 million people residing there.
The official language of South Korea is Korean, and English language is widely spoken by the average South Korean on the street. Recent statistics rate South Korea as the 8th largest country in the world when it comes to international trade. South Korea’s economy is considered to be a high – income advanced economy. It is important to state that South Korea is a developed country and it boasts of having the highest average wage income in the whole of Asia.
When it comes to the ease of doing business, standard education, quality health care service, and job security, South Korea ranks top amongst Asian countries. It is rated as the 7th largest exporter in the world. As a matter of fact, South Korea’s Hyundai – Kia brand is rated as the 4th largest car manufacturer in the world.
South Korea no doubt is one of the world’s leading technology oriented countries with leading brands like LG and Samsung and also it is the largest exporter of flat panel displays and memory chips. In case you don’t know, South Korea boasts of having the fastest internet connection in the world.
This country has a rich and a robust economy and it is one of the fastest growing economy in the world. Major contributors to the Gross Domestic Product of South Korea are the Technology sector, Automobile sector, the manufacturing sector, Oil and Gas Sector and The Insurance Sector. Now let us go through the top 50 business opportunities that are available in South Korea;
Top 50 Small Business Investment Opportunities in South Korea
Table of Content
- Open an Acupuncture Clinic
- Start a Bicycle Courier Services Company
- Start Drone Manufacturing Company
- Start a Drop Shipping Company
- Start Drywall Contracting Business
- Start Financial Consulting Firm
- Start Seasoning, Sauce and Condiment Production Company
- Open a Full – Service Gas Station
- Start Health and Wellness Coaching Business
- Start Health and Welfare Funds Management Firm
- Open a Hospice and Palliative Care Center
- Start Knowledge Process Outsourcing (KPO) Firm
- Heating, Ventilation and Air-Conditioning System Services and Maintenance Company
- Start a Vending Machine Business
- Wheat Flour Production Company
- Synthetic Leather Manufacturing Company
- Start Toys and Video Games Manufacturing Company
- Open a Fabric, Craft & Sewing Supplies Manufacturing Company
- Start Sporting Good Manufacturing Business
- Start Shoe Manufacturing Company
- Start Clay Brick and Tile Product Manufacturing Company
- Start a Generic Pharmaceutical Manufacturing Company
- Start Plastic Bottle Manufacturing Company
- Start Paper Bag Manufacturing Company
- Start Paint Manufacturing Plant
- Start Solar Panel Manufacturing Company
- Open a Screen-Printing Shop
- Start Pressure Washing Business
- Start a Mortgage Brokerage Firm
- Start Mobile Apps Development Company
- Start Hazardous Materials (Waste) Disposal Company
- Open Furniture Manufacturing Company
- Start Electrical Contractor Business
- Open a Dance Studio
- Start a Martial Art School
- Open a Bowling Center
- Start Mannequin Manufacturing Company
- Start a Vocational School
- Start LED Screen Advertising Company
- Open a Laser Hair Removal Studio
- Start Intellectual Property Management Agency
- Start Ice Skating Rink Business
- Start Energy-Efficiency Auditing Services Firm
- Start Fruit Exporting Company
- Start a Flight School
- Start Eye Surgery Equipment Manufacturing Business
- Open an Electric Vehicle Charging Station
- Glasses & Contact Lens Manufacturing Company
- Start Energy Drink Production Business
- Start a Windfarm Business
- More Small Business ideas and Investment Opportunities in South Korea
- 51. Online Shop
- 52. Smart Phones and Accessories Shop
- 53. Car Sales and Servicing Centre
- 54. Insurance Brokerage Business
- 55. Children’s Toys Manufacturing Company
- 56. English Evening School
- 57. Video Games and Accessories Shop
- 58. Electronics and Home Appliances Business
- 59. Security Service Business
- 60. Automated Dispenser Business
Open an Acupuncture Clinic
One of the best businesses that an aspiring entrepreneur with background in alternative medicine should consider starting in South Korea is to open an acupuncture clinic.
Acupuncture which is a complimentary medical practice is treatment technique that involves stimulating certain points on the body, most often with a needle penetrating the skin, to alleviate pain or to help treat various health conditions; it is a complete medical protocol focused on correcting imbalances of energy in the body.
Start a Bicycle Courier Services Company
A bicycle courier business is a business that involves helping your clients deliver goods, documents and parcels et al via bicycle. With this type of business, you can choose to operate from any part of the country as long as there are businesses and people who will patronize your services.
The truth is that a bicycle courier business is a profitable business start in South Korea, it is very easy to start and it is not capital intensive when compared to a standard courier company. Getting the right medium (bicycles) and good tracking devices are the secrets of running a successful bicycle courier business.
Start Drone Manufacturing Company
Another viable and of course profitable business that can be started in South Korea is drone manufacturing business. Drone technology is rapidly gaining prominence in the globe beyond the military circuit.
Drones are unmanned but controlled aircraft (aerial vehicle or unpiloted vehicle) used in the military during war to attack the enemy’s camp. They are used by the military for surveillance and to gather intelligence. Drones come in handy when the risk involved in any military operation is high and unsafe for soldiers.
Start a Drop Shipping Company
As an aspiring entrepreneur who is looking towards leveraging the ecommerce industry to launch a business in South Korea, one of the many businesses you can successfully start in the industry is drop-shipping.
Dropshipping Business model is a retail fulfillment method where a store does not necessarily keep the products it sells in a warehouse or a store of some sort. Instead, when a drop-shipping company sells a product, it purchases the item from a third party and has it shipped directly to the customer, hence, the merchant never gets to sees or handle the product in question.
Start Drywall Contracting Business
If you have on-the-job experience in the constructions industry, and you desire to start your own business in South Korea, one of the businesses that can guarantee you good returns on your investment is a drywall business. As a drywall business owner or contractor, your responsibility is to help your clients lay out and install gypsum wall boards and assemblies.
Start Financial Consulting Firm
Another viable business that can be started in South Korea is a financial consulting firm. In case you didn’t know, there are loads of small businesses without any accounting skills. These businesses struggle with their books and accounting concerns a lot.
You can be rest assured that your services would always be in demand not only by small businesses that can’t afford to hire a full-time accountant but also by medium scale and big corporations especially for auditing purposes.
Start Seasoning, Sauce and Condiment Production Company
One of the businesses that is bound to do pretty well in South Korea is Seasoning, Sauce and Condiment Production business. Seasoning, Sauce and Condiment Production company manufactures products such as mayonnaise, salad dressings, spices, extracts and dry food mixes from a variety of ingredients.
Industry products are then sold to downstream wholesalers, food manufacturers and retail markets. Food seasoning production company can be considered to be capital intensive, but it is indeed a money – spinning business if it is well located and if you are able to create a robust distribution network.
Open a Full – Service Gas Station
A gas station which is also called a petrol station, filling station, fueling station, or service station is a business facility that retails gasoline (petrol), diesel and lubricants for motor vehicles. Gas stations offer one of three types of service to their customers: full service, minimum service or self-service.
A full – service gas station has attendants that operates the pumps, often wipes the windshield, and sometimes checks the vehicle’s oil level and tire pressure, then collects payment and perhaps a small tip and a minimum service gas station has attendants that operates the pumps. This is often required due to laws in some cities in South Korea that prohibits customers from operating the pumps themselves.
Start Health and Wellness Coaching Business
Health and wellness coaches are knowledgeable on how exercise, lifestyle and foods affect the healthy, physiology and wellbeing of a person. They help guide people to live a healthy life style. If you want to partake in this thriving industry in South Korea, you would need to obtain all the necessary licenses and certifications.
The truth is that the market is still pretty much open for new practitioners to come in. Although there are competitions at various levels in the industry in South Korea, but if you are able to come up with a good business strategy, you are sure of getting your own fair share of the available market in the industry.
Start Health and Welfare Funds Management Firm
Starting a health and welfare funds management firm is one of the many business opportunities that a can be started in South Korea. There is a very large market for health and welfare funds management South Korea due to the fact that employees and business owners both from the private sector and the public sector usually concentrate on their core business hence assigning the management of the health and welfare funds of their employees to professionals.
Open a Hospice and Palliative Care Center
If you are naturally drawn towards taking care of people with life-terminating illnesses and diseases, then you should consider starting a hospice and palliative care center in South Korea. This is a very sensitive business to start up as a single mistake could have dire consequences for your patient and their families.
Hospice and palliative care center business is a delicate business, you would need to network with hospitals, and other businesses in the health sector so that they can refer patients to you. This does not however mean that you cannot source for your clients directly, your marketing however needs to be very sensitive.
Start Knowledge Process Outsourcing (KPO) Firm
Knowledge Process Outsourcing (KPO) is a type of outsourcing services in which knowledge and information related work is carried out by qualified professionals in a different organization or in some cases by a subsidiary of the same organization.
If it is a subsidiary of an organization, they may be operating in the same country or outside the country basically for the purpose of saving costs. Organization hire the services of KPO organizations for various reasons ranging from cost reduction and shortage of skilled employees.
Heating, Ventilation and Air-Conditioning System Services and Maintenance Company
If you are a technician (depending on your area of training) one of the businesses you can start in South Korea is heating, ventilation and air-conditioning system services and maintenance company. Almost every home and offices have heating and air condition systems installed in their facilities and over time, these systems will require maintenance, servicing and repairs.
This goes to show that there is indeed a large market for heating and air-conditioning system maintenance companies. All you need to do to get started with this type of business is to learn the technical skills required to service, maintain and repair heating and air-conditioning systems.
Start a Vending Machine Business
Another business that can be started in South Korea is a vending machines business. A vending machine business is a retail business that does not require face to face interaction with customers, and can be run for 24 hours a day depending on the location. A vending machine dispenses items such as beverages, snacks, lottery tickets, alcohol, cigarettes, perfumes, toys, candy and so much more.
Wheat Flour Production Company
Wheat flour production companies basically engage in milling wheat grains into flour and then packaging and selling them to wholesale distributors, grocery wholesalers or other food-related businesses. They purchase wheat grain inputs from wholesalers or directly from growers.
Wheat flour is consumed in all parts of the world either as flour or the flour is used in the production of bread and other baked foods. This goes to show that there is indeed a large market both locally and internationally for wheat flour production companies.
Synthetic Leather Manufacturing Company
Another thriving business that an investor should consider starting in South Korea is to go into the production of synthetic leather which is popularly known as Korean leather. The truth is that there is a pretty large global market for Korean leather since it is good substitute for original leather.
Products made from synthetic leather are products that are used in all parts of the world and of course those that are in the business of manufacturing synthetic leather are known to generate sales year in year out if the business is well – managed.
Start Toys and Video Games Manufacturing Company
Toy and video games manufacturing business is yet another thriving business that can be started in South Korea. If you start this business, you are expected to manufacture a wide range of toys and games. You will be involved in designing and manufacturing of action figures, dolls, doll parts, stuffed toys, hobby kits, children’s and adult games, etc.
Open a Fabric, Craft & Sewing Supplies Manufacturing Company
If you are looking towards starting a business in South Korea, then one of the best business opportunities you can choose is a Fabric, Craft & Sewing Supplies manufacturing company. You are expected to manufacture a wide variety of textiles and sewing supplies and accessories such as fabric, patterns, upholstery materials, yarns, needlecraft supplies, sewing machines and seasonal decorations. There is indeed a large international market for Fabric, Craft & Sewing Supplies that are manufactured in South Korea.
Start Sporting Good Manufacturing Business
Another highly thriving business that can be started in South Korea is a sporting goods manufacturing company. Starting this type of business means that you will engage in the production of sporting equipment, athletic apparel, footwear, bicycle (except motorized), bowling equipment, diving equipment, exercise equipment, fishing supply, golf equipment, other sporting goods (e.g. scuba, skiing and outdoor) and saddlery et al. There is indeed a large international market for sporting goods that are manufactured in South Korea.
Start Shoe Manufacturing Company
South Korea is known to support the growth of the manufacturing industry and if you are looking for a business to start in South Korea, then one of your options is to start a shoe manufacturing company.
This type of business requires that you engage in the manufacturing of men’s shoes, women’s shoes, men’s athletic shoes, women’s athletic shoes, children’s shoes, slippers and other types of shoes such as sports footwear. The truth is that products that are manufactured in South Korea can compete at the global level and shoes that are manufactured in South Korea are not left out.
Start Clay Brick and Tile Product Manufacturing Company
Another thriving business that an aspiring entrepreneur can start in South Korea is Clay Brick and Tile Product Manufacturing business. Generally, the Clay Brick and Tile Product Manufacturing industry manufactures clay bricks, ceramic tiles and refractory products.
Clay bricks and tiles are principally used for housing construction and renovation, while refractory products are used to line kilns and furnaces as well as for various purposes in the production of foundry, cement and glass products. Major markets include the residential sector and the primary steel and nonferrous metal manufacturing sectors.
Start a Generic Pharmaceutical Manufacturing Company
If you are pharmacist and you are certain that you have a winning formula when it comes to producing effective generic drugs, then you should consider launching your own generic pharmaceutical manufacturing company in South Korea. It is a business that is still open for investors to come in and compete. You are expected develop prescription and over-the-counter drug products that are used to prevent or treat illnesses in humans or animals.
Start Plastic Bottle Manufacturing Company
It is a known fact that plastic bottle is one commodity that is used mostly in the retailing industry for packaging water and liquid in general. This goes to show that there is indeed a very large market for plastic bottles in our world; hence loads of investors are pitching their tent in the plastic bottle manufacturing industry.
If you start a plastic bottle manufacturing business in South Korea, you will be involved in the manufacturing wide a range of bottles from various plastic compounds based on their end use. These bottles are then sold to beverage, food and chemical manufacturers to use as packaging for soft drinks, milk, condiments and household and automotive chemicals.
Start Paper Bag Manufacturing Company
Another thriving business that can be started in South Korea is a paper bag manufacturing business. A Paper Bag Manufacturing company manufactures paper bags in various sizes and designs for the purpose of carrying goods. Aside from the manufacturing of paper bags, companies in this line of business also manufacture cardboard and sacks. Cardboard packaging includes corrugated and solid cardboard boxes, folding cartons and customized cardboard containers.
Start Paint Manufacturing Plant
A paint manufacturing plant is yet another thriving business that can be started in South Korea. Paint manufacturing companies manufactures various paints, timber finishes and other surface coating products to decorate and protect surfaces against wear, weather and corrosion. Products such as paints, varnishes, lacquers and stains, as well as fillers, putties and paint thinners and removers are major products manufactured by paint manufacturing companies.
Start Solar Panel Manufacturing Company
If you looking for a business opportunity to start in South Korea, then one of your options is to start a solar panel manufacturing company. Solar panel is a device that helps convert sunlight into electrical energy and stores it for use.
There are loads of areas where you can use solar energy and that is the reason why a lot of inventions that is being powered by solar panel (energy) keep propping up. Solar panels come in different sizes, shapes, and capacities, just ensure that your solar panel manufacturing company take all these factors into account so that you can be able to meet the needs of various categories of customers who will need your solar panels.
Open a Screen-Printing Shop
The printing industry is indeed a very large industry with many subsets and screen printing is one of the active lines of business in the printing industry and it is indeed a thriving business in South Korea. Screen printing basically is a printing technique in which a mesh is used to transfer ink onto a substrate.
The process works in such a way that a blade or squeegee is moved across the screen to fill the open mesh apertures with ink, and a reverse stroke then causes the screen to touch the substrate momentarily along a line of contact. This process causes the ink to wet the substrate and be pulled out of the mesh apertures as the screen springs back after the blade has passed through it.
Start Pressure Washing Business
Another lucrative business that an aspiring entrepreneur can start in South Korea is pressure washing business. Pressure washing businesses make use of pressure washers to carry out their washing services and a pressure washer or power washer as it is also called is basically a high – pressure mechanical sprayer that is used to remove stuffs such as clogged oil, greasy stains, unwanted graffiti, loose paint, mold, grime, dust, mud, and dirt from surfaces.
Start a Mortgage Brokerage Firm
Starting a mortgage brokerage firm is one of the best business opportunities that can be started in South Korea. Mortgage Brokerage firms are established with the sole aim of providing a convenient platform to those who want to buy their own property.
With the loan you get from the bank via a mortgage brokerage firm, you can finance any property of your choice as long as you pass the screening and evaluation process. The screening and evaluation are put in place so as to ensure that due process is followed before issuing a loan and the person receiving the loan must be credit worthy.
Start Mobile Apps Development Company
You can choose to start mobile apps development company in South Korea. Beyond every reasonable doubt, you can’t find any person that owns a smart phone who has never used a mobile application or has mobile apps in his or her phones.
As long as people make use of Smartphones, Tablets and Pads, the sale of mobile apps will continue to grow and the industry will continue to expand. Mobile application development is a term used to define the act or process by which application software is designed and developed to perform specific functions in handheld devices.
Start Hazardous Materials (Waste) Disposal Company
The demand for hazardous waste disposal is on the increase in South Korea hence it is a thriving business that can be started in the country. Hazardous waste is classified as a waste (usually a solid waste) that has the potential to cause, or significantly contribute to an increase in mortality or an increase in serious irreversible illness; or a waste that poses some potential hazard to human health or the environment when improperly treated, stored, transported, or disposed of, or otherwise managed.
Open Furniture Manufacturing Company
It is an established fact that furniture are a major part of our lives cum facilities; there is hardly any facility that you will come across that you won’t find a piece of furniture in it. This goes to show that the furniture manufacturing industry is indeed an important sector of the economy of South Korea.
Furniture manufacturing companies mainly manufacture or make household (living room, dining room and bedroom furniture, upholstered, coffee tables, sofa tables, end tables, sofas, love seats, chairs, bookshelves, ottomans, display cabinets, consoles and TV stands and otherwise), outdoor and office furniture (Desks and home office goods, lamps, recliners, rugs and outdoor furniture make up the rest of sales).
Start Electrical Contractor Business
Another thriving business that can be started in South Korea is electric contractor business. Electric contractors are an integral part of not just the construction cum real estate industry, but plays very important roles in ensuring that households, offices and public facility enjoys electric power supply and electric appliances are repaired when they become faulty. Players in this industry execute electrical works at a construction sites. They may also perform new work, additions, alterations, maintenance and repairs et al.
Open a Dance Studio
Dance studio is yet another business that can be started in South Korea. When we talk about a dance studio, we are talking about a space where dancers and aspiring dancers and choreographers learn or rehearse various dancing steps; dance studios are deliberately built and equipped to fit into that purpose.
A dance studio is furnished with a smooth floor covering and, in some cases, it is furnished with a hardwood floor especially for tap dancing. The smooth vinyl floor covering in dance studios is usually not attached permanently to the underlying floor and can be removed and transported to performance venues when the need arises.
Start a Martial Art School
If you are a professional and a warrior in martial arts, you can generate huge profits from your passion by simply establishing a martial arts school to teach people martial arts. In recent time, it has become highly necessary for children and young adults to learn martial arts not just for the fun of it, but to use it for self – defense.
With the growing rate of crime, it has become needful for the skill of martial arts to be learnt from an early age. It is important to state at this juncture that starting martial arts studio requires someone who has practiced the art for at least 10 years.
Open a Bowling Center
If you are looking for a business to establish in South Korea as a sport and entertainment enthusiast, you should think towards opening a bowling center. Starting a bowling alley in an area that has loads of bowling lovers and socialites but fewer bowling alleys can be very lucrative. Bowling is a global sport and people who love the game will always look for ways to play the game much more than watching people play it.
Another viable business that can be started in South Korea is mannequin manufacturing business. A mannequin which is also known as a manikin, dummy, lay figure or dress form is an often-articulated doll used by artists, tailors, dressmakers, window – dressers and others especially to display or fit clothing. The term is also used for life-sized dolls with simulated airways used in the teaching of first aid, CPR, and advanced airway management skills.
Start a Vocational School
There are countless number of people out there who are trying to acquire skills that will enable them put food on their table, pay their bills and ultimately become their own boss and vocational school is just an ideal place they can get the journey started.
You can be rest assured that your services would always be in demand not only by young people or old people who could not make it to the university or college, but also graduates who would want to start a skill based business of their own. The truth is that if your vocational school has loads of courses (trades) and it is government approved, then you may not have to struggle to persuade students to enroll in your school.
Start LED Screen Advertising Company
An LED screen advertising company is yet another profitable business that can be started in South Korea. LED screen display is a flat panel display, which uses an array of light-emitting diodes as pixels for a video display hence when you make use of led screen to advertise your goods or services, it is easier for your target market to be attracted.
The truth is that this line of business is highly profitable because every business would want to increase sales. Even though your level of profitability is dependent on your ability to come up with workable solutions to advertising cum publicity challenges for various businesses.
Open a Laser Hair Removal Studio
Another thriving business that can be started in South Korea is a laser hair removal studio. A laser hair removal business might not be entirely easy to start, but one thing is certain, it is a straight-forward business that can generate huge and steady profits if well positioned and properly managed.
People often think that starting a laser hair removal business does not require any technical or professional skills; in as much as it is true, you would still need to learn the art of laser hair removal, good business skills and of course customer services skills if indeed you want to build a profitable business.
Start Intellectual Property Management Agency
If you are looking towards starting a business in South Korea, one of your options is to start an intellectual property management agency.
Intellectual property management agency services as the name implies is a company that help corporations, businesses and individuals manage their assets such as patents, trademarks, brand names and franchise agreements for a licensing fee. This kind of venture is such that needs the effort of more than one person and it is worthy to note that this business is very lucrative.
Start Ice Skating Rink Business
Starting a business usually requires cash (startup capital) and if you have enough cash to invest in a thriving business in South Korea, then you should consider starting an ice-skating rink business. The truth is that creating a business that targets children and adults is one sure way of making money especially if the business is laced with all that is required for them to have maximum fun.
It is important to state that the real deal when it comes to starting an ice skating rink business is securing a facility that is large enough to contain not just the ice skating tracks and other outdoor games for children, but also a place where parents/guardians can hangout while the wards catch fun.
Start Energy-Efficiency Auditing Services Firm
In case you didn’t know, there are loads of households and businesses without the faintest idea of how to cut down their spending on energy. If you are an energy consultant, then you can leverage on the gap in your city to launch your own home energy audit services Business in South Korea.
You can be certain that your services would always be in demand by households, and small businesses within your business coverage area. Energy-efficiency consultants help their clients, most of which are manufacturers, to reduce energy consumption and pollutant emission.
Start Fruit Exporting Company
Another business that can be started in South Korea is fruit exporting business. There are loads of market for companies who are into fruit exportation, and fruit exportation business requires little start-up capital. As a matter of fact, you must be willing to pool huge cash base together to be able to successfully launch a fruit exporting business or any exportation business.
This is because you are expected to own a fruit farm, rent / lease a warehouse facility, pay for haulage / shipping and every other logistics that you are expected to take care of from the country of purchase to the country you are exporting the fruits to.
Start a Flight School
If you are interested in starting a flight training school in South Korea, then the first thing to consider before launching this business is to know how to secure the required license and permits needed to run this type of business, the airspace regulations in your chosen location, the ideal insurance and the type of aircrafts needed.
The next thing to consider before launching a flight school business is how to get the different aircrafts needed. The options available are outright purchase or leasing; outright purchase is usually more expensive than leasing. You will also have to decide how many aircrafts you intend to start with, bearing in mind that the higher the number of aircrafts and professional flight instructors your business owns, the more earnings your business makes.
Start Eye Surgery Equipment Manufacturing Business
Another profitable business that can be started in South Korea is eye surgery equipment manufacturing business. Eye surgery equipment manufacturing business is under the ophthalmic instrument manufacturing industry and players in this industry manufacture ophthalmic diagnostic and surgical equipment.
Examples of diagnostic equipment include optical coherence tomography scanners, ophthalmic ultrasound systems, cameras, scopes, tonometer and lighting equipment. Examples of surgical equipment include ophthalmic lasers, as well as cataract, glaucoma, refractive and other surgery devices.
Open an Electric Vehicle Charging Station
South Korea is a country that has growing a number of electric vehicles. The fact that electric vehicles require charging either at home or at public charging stations gives room for entrepreneurs to start an electric vehicle charging station business.
An electric vehicle charging station, also called EV charging station, electric recharging point, charging point, charge point and EVSE (electric vehicle supply equipment), is an element in an infrastructure that supplies electric energy for the recharging of electric vehicles.
Glasses & Contact Lens Manufacturing Company
Another ideal business that is bound to thrive in South Korea is glasses & contact lens manufacturing business. Glasses & contact lens manufacturing businesses are involved in the manufacturing of ophthalmic goods, comprising of eyeglass frames and lenses and contact lenses. Just ensure that you explore the international market because there is large market for eyeglass lenses and frames, contact lenses and protective eyewear.
Start Energy Drink Production Business
Needless to say, that there are readily available markets for energy drinks no matter the part of the world that you decided to start your own energy drink production company. This is so because loads of people consume energy drinks.
Although starting a standard energy drink production company can be capital intensive for an entrepreneur that is just starting out, but if you are able to conduct a thorough market research and feasibility studies before launching the business, you are sure going to breakeven before most businesses that are started on a same day, within same location and under similar economic conditions. The bottom line is that economic recession hardly affects the rate of consumption of energy drinks especially during summer period.
Start a Windfarm Business
If you have the capital and also technical capacity and you are looking towards starting a technical related business in South Korea, one of your options is to go into wind farming. Power from renewal energy that does not harm our environment is the most preferred option in our world today hence the world is going green to save the world and wind farm falls under such category.
A wind farm is a group of wind turbines in the same location used to generate electricity. A large wind farm may be made up of several hundred individual wind turbines and spreading over an extended area of hundreds of square miles, but the land between the turbines may be used for agricultural or other purposes.
More Small Business ideas and Investment Opportunities in South Korea
51. Online Shop
The Ecommerce trend of business is such that have continued to gain grounds over the years. Thus, this business sure does yield dividends even in South Korea as it is in other parts of the world. However, you have got to determine your niche.
There are loads of things that could be sold online; but you have got to decide which you want to deal in. Amongst the list of online products you may want to consider is; foods of all kinds, fruits, clothes, shoes, electronics, equipments, telecommunication accessories and what have you.
The smart phones have fast knocked out the mobile phones off the market racks. Therefore, this is one business you may want to tap into because of its popularity in recent times. The business of smart phones and accessories means that you would be catering to the need of folks who are smart phone freaks, as well have spare accessories and parts of the phone that can be on display and purchased whenever there is a need for it.
The number of cars that are owned on South Korea seems almost uncountable as there are lots of people who have made their own lives easier by procuring a means of transportation for themselves, aside from what the government has put in place. Consequently, you can make good profit by starting a car sales and servicing centre.
However, you may want to consider specializing in a particular brand of cars so as to meet a certain sect of the society. On the other hand there isn’t harm in dealing with all brands of cars provided you are able to pool the enormous capital required to pull off such a business.
The need for people to get the right insurance covers cannot just be overemphasized. This means that with the right and complete brokerage firm one is able to maximize the profits of being under an insurance cover. If you have a background in insurance or are willing to get trained in that line then you may want to start an investment brokerage business in South Korea.
55. Children’s Toys Manufacturing Company
Children’s toys are one indispensable part of childhood experience that cannot be neglected all over the world. One of the ways to leverage on this fact is by starting children’s toys manufacturing company. With this kind of business you are sure to produce a variety of toys so as to meet the endless needs of children in South Korea and around the world.
The lingua franca of those in South Korea isn’t English, but you would agree that there would always be the need to have English learnt if for nothing, so as to deal with foreign customers and visitors who troop into South Korea. Therefore you may plug in on this by starting a business like an English School. As an expert you are able to teach folks who do not understand the English language the basis and beyond.
57. Video Games and Accessories Shop
Gone are the days when one would say video games are only for children. These days, even adults find the video games really intriguing as they are able to relax after a hard day’s work. So therefore, you can be sure to make good returns on your investment in Korea when you start a video games and accessories shop.
This might not be too expensive go start out, but it sure requires that you stay abreast with the latest trends in video games business so as to keep attracting newer customers.
58. Electronics and Home Appliances Business
Nearly every home in the world has one electronic and home appliance or the other. This is the same case in South Korea as there is a big market for this business. You can plug into this by getting electronics and home appliances at very good rates from the manufacturers and thereafter sell it at a good price to retailers from all over the world.
The need for good security has become a very serious issue in all parts of the world. If you have a penchant for being security conscious or are already an expert on security issues then you may want to dabble into the security service business. This is one business that can give huge returns on your profit in South Korea.
The automated Dispensing business is a very viable one that can be of good use. This means that you must be able to meet the need of the teeming population by having the right products in your dispensing machines. Be sure to have your machines located at strategic positions so that you can meet the need of lots of consumers.
These are some business opportunities you would find in South Korea. Be sure to learn more about these businesses when it is time to start out with them. This is because there is so much that can be gained when one embarks on a business journey with the right information.
- A Guide to Great Business ideas for the Future 2025 – 2030 - September 3, 2021
- How Long Do Cordless Drill Batteries Last in 2021? - August 2, 2021
- How Does the Use of Cargo Containers Benefit the Economy? - August 2, 2021