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KOTRA Shares Hot Business Ideas for Korea

According to Pulse by Maeil Business News Korea,

Korea Trade-Investment Promotion Agency (KOTRA) has published a book introducing hot new business ideas around the globe that could work well in the Korean market.

The business trends in the book “Hot Global Trends for Korea 2019” were culled from its 127 agencies in 85 countries.

The book introduces a pet shop in Tokyo that rents out dogs for people who don’t have pets of their own. For instance, taking out a golden retriever for an hour would cost about $30. Another popular platform provides pet sitting services while their owners are away.

In Hong Kong, hybrid laundromat-cafés are becoming the new hot place to hang out. They appear to be gaining ground as Hong Kong is one of the world’s most overcrowded cities, with many people living in micro-apartments that have no space for bulky washing machines.

Businesses targeting the female market are also expected to be on the rise.

One successful business model is the Wing, a women-only co-working space and social club that has taken the U.S. market by storm since it first opened in 2016. Despite the hefty $2,350 annual membership fee, the club now has more than 1,800 members, with 8,000 on the waiting list. It hosts various events like happy hour drinks, trivia nights and workshops with prominent speakers that allow professional women to socialize and escape the stresses of their daily lives.

In Brazil, female-only subway compartments, taxis and health centers are spreading across the country.

Other hit items mentioned in the book include in-home hair stylists, edible packaging and straws, and upcycling products, such as swimsuits made out of waste materials.

By Kim Seul-gi and Kim Hyo-jin

Copyrights Pulse by Maeil Business News Korea. All Rights Reserved.

Source: Pulse by Maeil Business News Korea (October 25, 2018)

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