00:02you're listening to ai prism from seoul economic daily it's monday august 10th let's look at what
00:09this means for startups and entrepreneurs in korea korea just opened up a new pipeline for
00:15founders and it's not the only sign of the ecosystem shifting fast fki is launching a 100
00:21team startup accelerator with direct investment links a beauty brand just proved a single viral
00:27video can outrun a whole marketing budget and software companies are rewriting their business
00:32models to survive the ai agent era the federation of korean industries marked its 65th anniversary
00:39by expanding beyond mentorship into direct investment support software incumbents like
00:44adobe and salesforce are under real pressure as ai agents start doing the work their tools used to
00:51sell meanwhile smaller korean brands are finding outsized wins in ai driven digital channels like
00:57tick tock shop fki's plus startup program will select 100 teams 30 pre-launch founders and 70 early stage
01:06companies under seven years old extended to 10 years for ai semiconductors bio robotics and climate ventures
01:13selected teams get a 12-week program including one-on-one mentoring from corporate executives
01:20proof of concept validation and open innovation deals with fki member firms beauty brand misha grew
01:27its u.s tiktok shop sales 816 percent year over year in the first seven months of the year after
01:34a cardi b
01:35video drew 10 million views in a week keist is building a 9 100 square meter ai data center for
01:42roughly 35 billion won or about 25 million dollars with completion expected in about four years
01:49adobe's stock has fallen 20 percent this year and salesforce 24 as both companies scramble to integrate
01:57directly with rival ai chatbots instead of competing against them so what does this mean for founders
02:03building today earlier we said korea just opened a new pipeline if you're pre-launch or under seven years
02:09old fki's program is a real door to funding and corporate partnerships not just another pitch competition
02:16the misha and keist examples both point the same direction distribution and infrastructure
02:21increasingly come from unconventional channels not traditional marketing or in-house servers and if
02:27your product is software-based the sas incumbent scramble is a preview of what's coming for smaller
02:33players too that's today's ai prism founders this episode was produced with ai assistance based on
02:40seoul economic daily reporting and reviewed by a human editor ai prism is a juan ifra award-winning
02:47series we'll be back tomorrow you've been listening to ai prism from seoul economic daily
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