TechnoKimchi

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Yes, I did say it. In Korea, I believe Apple will soar and Google will not.

It isn't about how awesome their products and services are; it isn't about how smart their strategists are; it isn't even about how much cash they can pour into the Korean market. It's about us; the Korean people.

As I mentioned before, as much as the Internet is being used for "informational" purposes in Korea, it isn't really about efficiency and productivity here, which Google has mastered. Rather, when we say information and productivity, we mean more of "how socially compatible are you when you work with others" or even "how keen are you to what everyone else is talking about?" which is where Google might miserably fail, at least in Korea.

To be more precise, I think Google needs to be more "social" even when giving out information, which is what Naver is doing best. This is also why Google finally gave in here by portalizing itself. Information matters--only when it matters to everyone else at the same time. Google is not particularly good at this--at least not yet. The importance of social belonging and interdependence in the meaning of information is one of the major topics I'll be covering throughout 2010, so keep your eyes closely.

Now, why do I think Apple will soar? I think Apple touches upon the emotional side of the Korean consumers. As much as the tech industry is becoming more like the fashion industry, Apple represents the new "social upper class" among the Korean people. Apple is the new Louis Vuitton and the new Chanel. Asian people love luxury brands and Apple is becoming one of them.

Looking at Korea through the angles of companies--Samsung, LG, Google, Apple-- will be a fun way to learn about Korea. I've started developing a strategic framework on how to attack the Korean tech/digital industry and deeply move our minds and hearts.

I want Google to soar here as well; but that might require too much for Google's pride, at least for those in Mountain View.

Yesterday, I came across an interesting article about the the Internet usage stats in Korea in 2008. (As you know, it's the end-of-the-year time and we're getting tons of statstical reports summarizing 2008, so it's good time for TechnoKimchi.)

So, to make it brief, you know that the top 3 traffic sites in Korea are Naver, Daum, and Cyworld. And guess what the top 3 search keywords for 2008 are? Yup. They are Daum, Cyworld, and Naver.

Wait a minute. Am I saying that people don't type in the URLs for those sites, but search for them to get there? Apparently so. Basically what this means is that Naver is the biggest traffic generator for Daum and Cyworld. It's like saying "most of Yahoo traffic comes from Google."

Indeed. Among other top 10 search keywords are gMarket (4), Auction (5) (gMarket and Auction are the top two ebay-like sites in Korea), Kookmin Bank (6), Yahoo (7), Woori Bank (8), and Shinhan Bank (9). Take notice the keyword ranking almost exactly aligns with the the most popular sites in Korea.

I've been personally watching some young kids at my church (around elementary school age) use the Internet. They actually do search on Naver for the names of sites they want to get to and get there by clicking on the links. I asked them, "why do you search instead of typing in the URLs?" The answers typically come in two ways: "Why not?" or "URLs?"

This is the power of the search economy. The fact that the top search keywords are Daum and Cyworld, not Naver and Cyworld, means it's the No.1. search portal Naver that sends out traffic to Daum and Cyworld, making them the greatest beneficiaries of their greatest competitor in Naver. Traffic means money, but apparently that's the cost Naver will gladly take.

Display ads are dying. URL games are dying. Newspapers are dying. The only thing that seems to be certain in the midst of economic downturn and flood of information is the efficiency of search engines. No wonder Google is the king no matter what.

(After reading through comments provided by Channy and Chang, I realized this is not a trend only unique to Korea but rather a universal one. Guess who's been behind, haha. Sorry, folks :)