Google Korea "Korean Companies Gain 8.5 Trillion Won in Export Profits via Google"… 2nd 'Google for Korea' Held

[Asia Economy Reporter Seungjin Lee] Google Korea held an online event called ‘Google for Korea’ on the 17th under the theme ‘Meeting the Most Global Republic of Korea,’ sharing various Google services and cases that promote the global expansion of Korea’s culture and innovation leading the global market.

Marking its second year, the event was attended by Kim Kyung-hoon, President of Google Korea; Scott Beaumont, President of Google Asia Pacific; and Robert Kyncl, Chief Business Officer of YouTube. In addition, Park Yoon-kyu, 2nd Vice Minister of the Ministry of Science and ICT; Lee Jin-soo, CEO of Kakao Entertainment; Jung Hye-soon, Executive Director of Samsung Electronics; Heo Eun-ah, CEO of AI FOR PET; and Lee Seung-gyu, Co-founder and Vice President of The Pinkfong Company, participated to share the impact Google has had on the Korean market.

Scott Beaumont, President of Google Asia Pacific, explained Google’s support for Korea’s culture and innovation. He said, “So far, about 973,000 Korean companies have expanded globally through Google products, and 97% of them are small and medium-sized enterprises. Going forward, Google will strengthen its partnership with Korea to support more Korean companies and creators in achieving success not only in Korea but worldwide.”

During the event, explanations were given about Google’s contributions to the Korean economy. Robert Kyncl, Chief Business Officer (CBO) of YouTube, stated, “In 2021, the YouTube creative ecosystem contributed more than 2 trillion KRW to Korea’s GDP and supported over 86,000 jobs.”

Additionally, May-Ann Lim, Senior Advisor at Alphabeta, presented the report ‘The Driving Force of Korea’s Global Growth: Innovation and Cultural Export’ and introduced Google’s economic support contributing to the global success of Korean companies.

Senior Advisor Lim revealed that domestic companies achieved an economic benefit of 19.3 trillion KRW through Google and created 106,000 jobs across various industries. Among these, the profits Korean companies earned in the export sector through Google reached as much as 8.5 trillion KRW, and Google also helped create 38,000 jobs enabling companies in multiple industries to meet overseas demand.

Meanwhile, the event also introduced cases of domestic companies collaborating with Google.

Lee Jin-soo, CEO of Kakao Entertainment, said, “The partnership with Google has played a crucial role in Kakao Entertainment’s innovation of the Korean entertainment industry and pioneering the global market. Especially, as Kakao Entertainment expands overseas based on a pool of 40,000 writers and over 2,000 Korean content providers, we believe Google, the company that has built the world’s most influential app market, has helped us expand global opportunities.”

Jung Hye-soon, Executive Director of Samsung Electronics, stated, “Google and Samsung Electronics have maintained a partnership for over a decade, achieving many innovations in the mobile industry through Galaxy and Android. Regarding outcomes such as introducing new industry standards like Flex Mode, the collaboration between Google and Samsung was meaningful and innovative in that we implemented platforms and built ecosystems together.”

Kim Kyung-hoon, President of Google Korea, said, “Along with Google.org’s ‘Digital Innovation Fund’ and the ‘COVID-19 Overcoming and Rebound Program,’ which handle Google’s philanthropic activities, we support Korean companies and citizens through various global products and the Android ecosystem. Google plans to support domestic companies and creators so that Korea becomes more accessible worldwide and is widely recognized as the most global country.”

This content was produced with the assistance of AI translation services.