Crowdfunding platforms take off in Korea
Park at the association added that Chinese and American crowdfunding platforms are some two to three years ahead of those in Korea, and that people from those countries will become interested in local platforms because they are already familiar with their own models.
“I heard that some 70 percent of start-ups established by Chinese undergraduates are funded by crowdfunding, and Chinese might come to play a bigger role in Korean platforms in the future as well,” Park said. “And I believe many more foreigners, including those from the United States and China, will look to make profits through Korean crowdfunding platforms.”
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