Top SaaS Companies in South Korea

List of the largest SaaS companies in South Korea (Click to apply)

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 41 companies with combined revenues of $3.7B.

Together, South Korea SaaS companies employ over 13K employees, have raised $0.0 capital, and serve over 47M customers around the world.

$0 - $1M ARR
  1. Birdview $947.8K
  2. Loplat $913.6K
  3. Posture360 $900.0K
  4. CallGate $836.6K
$5M - $10M ARR
  1. Channel.io $10.0M
$10M+ ARR
  1. Channel.io $10.0M
  1. 11
    Nable Communications

    Nable Communications

    Social Media Marketing Software

    Nable Communications Inc provides communication solutions for operators, enterprises, and handset vendors. The Company provides IMS enabler solutions, IMS client framework and IP telephony solutions.

    $2M

    64

    2003

    South korea

  2. 12
    Standigm

    Standigm

    Healthcare Software

    Developer of an artificial intelligence software intended to increase success rates and efficiency of new drug development. The company's software utilizes data parsing, bot modeling, and biological interpretation to find patterns in biomedical data to rem

    $2M

    $68M

    24

    2015

    South Korea

  3. 13
    Yello Mobile

    Yello Mobile

    Marketing Software

    Operator of a business incubator. The company provides design, development, marketing and operations consulting services to startups.

    $1M

    $187M

    24

    2012

    South Korea

  4. 14
    RecoBell

    RecoBell

    Digital Advertising Platforms

    Provider of information technology based data consulting services intended to provide personalized experience in business activities. The company's services provides integrated personalized recommendations related to business modules and assignments that h

    $1M

    16

    2013

    South Korea

  5. 15
    ulalaLAB

    ulalaLAB

    Data Science and Machine Learning Platforms

    Developer of advanced algorithms designed to detect abnormalities in production. The company's IoT and machine learning based platform utilizes LSTM (long short-term memory) which enables SMEs and even large enterprise manufacturers to digitize their produ

    $1M

    12

    2011

    South Korea

  6. 16
    Rsupport, Inc.

    Rsupport, Inc.

    Information Technology & Services

    Rsupport, Inc. is the American subsidiary of Rsupport Co. Ltd., headquartered in Seoul, South Korea. Rsupport is a major developer and supplier of remote access and web collaboration software products & services for small-to-midsized businesses (SMBs), as

    $1M

    12

    2001

    South Korea

  7. 17
    Birdview

    Birdview

    Content Marketing Software

    Provider of a mobile application for marketed cosmetics review and information. The company provides user reviews and ingredient information for various cosmetics products.

    $948K

    21

    2013

    South Korea

  8. 18
    Loplat

    Loplat

    Analytics Software

    Provider of an online platform designed to offer indoor positioning and tracking location. The company's platform provides a location recognition engine in the form of an API that recognizes the registered location, enabling businesses to analyze and manag

    $914K

    15

    2013

    South Korea

  9. 19
    Posture360

    Posture360

    Artificial Intelligence Software

    SaaS & Mobile App platform that solves spinal problems through AI devices integrated into ergonomic products to relieve pain.

    $900K

    $3M

    10

    2017

    South Korea

  10. 20
    Inka Entworks

    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

    $845K

    34

    2000

    South Korea

11-20 of 43

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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.