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List of the largest SaaS companies in South Korea

Top SaaS Companies in South Korea

These are the top SaaS companies in South Korea. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for South Korea by featuring these 48 companies with combined revenues of $3.7B.

Together, South Korea SaaS companies employ over 13K employees, have raised $636.6M capital, and serve over 94M customers around the world.

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Highlights

Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


01
$4B
-
47M
12K
2014
South Korea
02
C
Channel.io

Conversational Marketing Software

Channel.io by ZOYI is a retail computing company that creates the science of shopping through technology.

$10M
$46M
51K
36
2010
South Korea
03
BG
Bespin Global

Cloud Platform As A Service (Paas) Software

Provider of a cloud based cloud information technology (IT) platform intended to drive the digital transformation of clients by helping them adopt cloud IT. The company's platform provides automated multi-cloud management services to move their legacy IT operations to the cloud, use cloud effectively as well as use cloud to power their digital transformation, enabling customers to leverage everything cloud has to offer in speeding up the digital innovation.

$6M
$201M
-
271
2015
South Korea
04
PP
ProtoPie

Design Software

The easiest interaction design tool for all digital products, allowing designers to build highly interactive prototypes.

$5M
$18M
-
45
2014
South Korea
05
b
bemyfriends

Enterprise Software

A SaaS solution for you to own and build a direct relationship with fans and customers and create sustainable values at any scale

$5M
$26M
-
39
2021
South Korea
06
ST
Suresoft Technologies

Information Technology Software

Developer of software testing automation tools designed to offer software development verification service. The company's software testing automation tools helps to perform testing processes, including programs source code analysis, test case generation, testing execution and test result analysis, enabling automobile, nuclear, defense, railway and finance fields to offer safer world based on unrivaled technology in software testing.

$5M
-
-
72
2002
South Korea
07
IE
Inka Entworks

Information Technology Software

Developer of digital rights management (DRM) technologies designed to contribute to the development of digital contents. The company's PallyCon application offers content security services, supporting various contents services such as online movie services and e-learning services, the other application App Sealing is a cloud-based service which help mobile game developers to prevent their codes from being copied, enabling clients to access contents services across platforms including iOS and Android smart devices.

$4M
-
1K
34
2000
South Korea
08
V
Vuno

Artificial Intelligence Software

Developer of a medical data analysis platform intended to improve medical disease diagnosis. The company's diagnostics platform utilizes the machine and deep learning algorithms to analyze patient imaging data and gain insights that help doctors diagnose diseases, enabling researchers and physicians to quickly and accurately identify diseases and illnesses.

$3M
$15M
-
75
2014
South Korea
09
B
Buzzvil

Digital Advertising Platforms

Developer of a smartphone lock screen advertising platform. The company offers Honeyscreen, a mobile screen lock application which displays advertisements when the phone is locked.

$3M
$60M
-
102
2012
South Korea
10
DRAMACOMPANY
DRAMA & COMPANY

Business Intelligence Software

Provider of a contact management application. The company offers a cloud-based mobile application that enables users to scan, sort and store the information on their business cards.

$3M
$7M
-
66
2013
South Korea
1 - 10 of 48Next

What are the fastest growing companies doing?


83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?


We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.