South Korea Proptech Market Trends

South Korean Proptech Market sees diversification of sectors

The domestic proptech market has seen waves of change over the years. While traditional players (platforms and shared services) still hold a significant position in the market, the proptech space has seen greater diversification of sectors.

In the early stages of proptech, startups mostly played in platform and shared services, but since 2014, startups have entered a variety of sectors including Construction Solution/XR, Funding/P2P, and Deco & Interior services. Most recently, in the past three years, domestic startups have been founded in the Property Management Solution space in a trend similar to that of more mature proptech markets like the UK or Germany.