{"id":17348,"date":"2019-01-02T19:16:43","date_gmt":"2019-01-02T16:16:43","guid":{"rendered":"https:\/\/www.ibtdi.com\/?p=17348"},"modified":"2019-01-02T19:16:43","modified_gmt":"2019-01-02T16:16:43","slug":"cocoa-talk","status":"publish","type":"post","link":"https:\/\/www.ibtdi.com\/en\/cocoa-talk\/","title":{"rendered":"The Success Story of Kim Beom-soo, Founder of Kakao"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/t1.daumcdn.net\/cfile\/tistory\/23766C3754AE11FE31\" alt=\"\u00d9\u0086\u00d8\u00aa\u00d9\u008a\u00d8\u00ac\u00d8\u00a9 \u00d8\u00a8\u00d8\u00ad\u00d8\u00ab \u00d8\u00a7\u00d9\u0084\u00d8\u00b5\u00d9\u0088\u00d8\u00b1 \u00d8\u00b9\u00d9\u0086 \u00e2\u0080\u00aa\u00ea\u00b9\u0080\u00eb\u00b2\u0094\u00ec\u0088\u0098\u00e2\u0080\u00ac\u00e2\u0080\u008f\" \/><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">\u201cIf not for technological backwardness, my life would have been a mistake.\u201d That\u2019s how billionaire Kim Beom-su \uae40\ubc94\uc218, South Korea\u2019s most successful entrepreneur,<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> \u2014at age 52\u2014summed up his life in a few simple words after joining Forbes\u2019 list of the world\u2019s richest people.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Born to parents who did not complete advanced levels of formal education, he went on to become a legend in business and finance, with a fortune of more than $2.5 billion, <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">thanks to his achievements in the internet industry, a space dominated by a handful of huge conglomerates run by the \u201cchaebol\u201d \uc7ac\ubc8c families.<\/span><\/p>\n<p>.<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-36371 tie-appear\" src=\"http:\/\/www.rowadalaamal.com\/wp-content\/uploads\/2018\/12\/%D9%88%D9%8A%D8%A8-%D8%A7%D9%84%D8%AC%D9%88%D9%87%D8%B1%D9%87.png\" sizes=\"auto, (max-width: 997px) 100vw, 997px\" srcset=\"http:\/\/www.rowadalaamal.com\/wp-content\/uploads\/2018\/12\/\u0648\u064a\u0628-\u0627\u0644\u062c\u0648\u0647\u0631\u0647.png 997w, http:\/\/www.rowadalaamal.com\/wp-content\/uploads\/2018\/12\/\u0648\u064a\u0628-\u0627\u0644\u062c\u0648\u0647\u0631\u0647-300x150.png 300w, http:\/\/www.rowadalaamal.com\/wp-content\/uploads\/2018\/12\/\u0648\u064a\u0628-\u0627\u0644\u062c\u0648\u0647\u0631\u0647-600x300.png 600w, http:\/\/www.rowadalaamal.com\/wp-content\/uploads\/2018\/12\/\u0648\u064a\u0628-\u0627\u0644\u062c\u0648\u0647\u0631\u0647-660x330.png 660w\" alt=\"\" width=\"997\" height=\"499\" \/><\/span><\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\"><strong>The beginning<\/strong><\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Kim Beom-su grew up in abject poverty. His family of eight shared a single bedroom in a poor neighborhood in Seoul, South Korea\u2019s capital.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">His parents moved from job to job to make ends meet. In the process, he achieved a family milestone by becoming the first to attend college; he was <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">He tutored to earn money to help him continue his studies, graduating from the College of Industrial Engineering in 1990.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Beom-su says of his childhood: \u201cWe had to find our own way because my parents didn\u2019t have time to take care of us, so we had a great deal of independence,<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> which taught me the importance of responsibility.\u201d<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">The hardships Kim Beom-soo faced growing up fueled his drive to invest more in his creative potential, while remaining humble.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> He has a modest office in southern Seoul.<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\"><strong>\u0627\u0644\u0648\u0638\u064a\u0641\u0629 \u0627\u0644\u0623\u0648\u0644\u0649<\/strong><\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Kim Beom-soo began his career developing online communications services with the IT services division of global company Samsung, <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">but his constant desire to do better led him to leave after just five years, open an internet caf\u00e9, and start developing online social casino games.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Although he avoided computer games as a child, he was drawn to them as a young adult. He says, \u201cThe technological lag I experienced in my childhood helped me <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">develop a different personality that enabled me to figure out solutions for myself. Those games help people learn problem-solving skills by developing creative strategies, <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">and working with others to protect your castles, for example.\u201d<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\"><strong>The first Korean gaming website<\/strong><\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">In 1998, Hangame\u2014the first online gaming site in South Korea\u2014attracted a large number of visitors. It was later merged with the search engine <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Naver to become NHN, the dominant web portal.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Kim Beom-su worked day and night as an entrepreneur and programmer, torn between pride in his present and fear of a future fraught with the risk of failure, <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">and being unable to pay his employees\u2019 salaries.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Kim\u2014who had become president of the Korea Association of Game Industry\u2014moved to Silicon Valley in 2005 to build his company in the United States, but discovered <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">It was stricter than expected, so he resigned in 2007.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">As his creativity was drawing its last breath in California, he returned to South Korea with some colleagues, coinciding with the launch of the iPhone, which captured <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">his attention and planted the seed of hope for a new venture.<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\"><strong>\u0643\u0627\u0643\u0627\u0648\u00a0<\/strong><\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">In 2010, Kim Beom-su launched KakaoTalk \uce74\uce74\uc624\ud1a1, a chat and messaging app now used by three-quarters of South Korea\u2019s <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">50 million people.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">In 2014, Kakao merged with Daum Communications, a competitor to Naver. The merger provided a broader budget for expanding into new business areas, including <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Mobile banking and taxi services.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">After launching KakaoTalk, Kim continued to devote time to his personal ambition of building 100 technology startups. Through his two venture capital firms, he had already invested in more than 70 <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">startups.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">KakaoTalk struggled to grow its user base beyond its home market and saw limited success overseas\u2014until it gained traction in Southeast Asia.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Despite its success, the app came under scrutiny from the South Korean government, sparking considerable controversy over the monitoring of digital communications;<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> in 2015, it complied with South Korean authorities\u2019 orders to monitor the messages of suspects.<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\"><strong>Challenges facing entrepreneurs<\/strong><\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Kim Beom-su was keen to offer advice to young entrepreneurs, saying, \u201cFailed experiments at small companies often lead to better outcomes in <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">both business and life. Entrepreneurs should therefore risk everything for what they believe in, increasing their chances of excelling through experiences that <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">create the right conditions for success. He also emphasized that education systems around the world constrain what he called the \u201ccreative economy.\u201d<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\"><strong>\u062c\u0648\u0627\u0626\u0632<\/strong><\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Kim Beom-su has received numerous awards throughout his career, including:<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">The 6th Bonnie Jeon Creativity Award in 2012.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">The 22nd Daesang Award in 2013.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">- Dongtan Industrial ICT Medal in 2015.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">- Ranked among the world\u2019s richest technology leaders in 2016.<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\"><strong>Lessons learned<\/strong><\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif; color: #ff6600;\">1 \u2013 Failure Opens the Door to Success<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Kim Beom-su says, \u201cFailed experiences are the first seeds in the garden of your future successes. Failure is something you can learn from and use to strengthen your experience in handling challenges.\u201d<\/span><\/p>\n<p>.<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif; color: #ff6600;\">2 \u2013 Think Outside the Box<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">The economy opens up new opportunities for businesses. Entrepreneurs should turn to the creative economy, which is driven by their own ambitions and out-of-the-box thinking. <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">What enables them to achieve the excellence and success they deserve.<\/span><\/p>\n<p>.<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif; color: #ff6600;\">3 \u2013 Don\u2019t Be Afraid to Take Risks<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Risk-taking is one of the most important qualities of entrepreneurs. It increases the chances of finding the right solutions to every problem and developing new skills that can help move your projects forward. <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">\u0625\u0644\u0649 \u0627\u0644\u0623\u0645\u0627\u0645.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>&nbsp; \u201c\u0644\u0648\u0644\u0627 \u0627\u0644\u062a\u0623\u062e\u0631 \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u060c \u0644\u0643\u0627\u0646\u062a \u062d\u064a\u0627\u062a\u064a \u063a\u0644\u0637\u0629\u201d\u061b \u0647\u0643\u0630\u0627 \u0648\u0635\u0641 \u0627\u0644\u0645\u0644\u064a\u0627\u0631\u062f\u064a\u0631 \u0643\u064a\u0645 \u0628\u064a\u0648\u0645 \u0633\u0648 \uae40\ubc94\uc218\u061b \u0623\u0646\u062c\u062d \u0631\u0627\u0626\u062f \u0623\u0639\u0645\u0627\u0644 \u0641\u064a \u0643\u0648\u0631\u064a\u0627 \u0627\u0644\u062c\u0646\u0648\u0628\u064a\u0629\u060c \u2013 \u0627\u0644\u0628\u0627\u0644\u063a \u0645\u0646 \u0627\u0644\u0639\u0645\u0631 52 \u0639\u0627\u0645\u064b\u0627<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":3,"featured_media":17349,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ibtdi_aa_focus_keyword":"","_ibtdi_aa_secondary_keywords":"","_ibtdi_aa_audience":"","_ibtdi_aa_tone":"","_ibtdi_aa_summary":"","_ibtdi_aa_reviewer_name":"","_ibtdi_aa_reviewer_bio":"","_ibtdi_aa_reviewer_url":"","_ibtdi_aa_reviewed_date":"","_ibtdi_aa_service_id":"","_ibtdi_aa_related_ids":"","_ibtdi_aa_human_reviewed":"","_ibtdi_aa_disable":"","_ibtdi_aa_disable_links":"","_ibtdi_aa_sources":"","_ibtdi_aa_update_notes":"","footnotes":""},"categories":[491],"tags":[18017,9763,18016,16637,2254,793,11591,18015,18014,799],"class_list":["post-17348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-491","tag-kakaotalk","tag-9763","tag-18016","tag-16637","tag-2254","tag-793","tag-11591","tag-18015","tag-18014","tag-799"],"_links":{"self":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/17348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/comments?post=17348"}],"version-history":[{"count":0,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/17348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media\/17349"}],"wp:attachment":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media?parent=17348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/categories?post=17348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/tags?post=17348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}