Find XO: Entry into Mongolian Market and Innovative Business Cases (venturesquare.net)
Writing language: Korean Read in the original language
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- Sixteen startups from Daejeon knocked on the door of the Ulaanbaatar market in Mongolia.
- Mongolia's GDP growth rate in 2023 is about 5.1%, and urbanization is said to be expanding the distribution market.
- However, entry is not guaranteed by growth rate and event participation alone.
- It gains meaning only after meeting local partners and leading to actual distribution and contracts.
- Let's consider whether local cooperation can be transformed into a repeatable business rather than just focusing on the destination.