my korea delivery
TRANSCRIPT
My Korea DeliveryConnecting foreigners with restaurants in Korea
Our mission is bring foreigners and small Korean businesses together.
The problemMost foreigners in Korea are here for a short amount of time and never learn to speak Korean.Chart: Average time an expat spends in Korea before leaving
1 year
3 years4+ years
2 years
40% 30% 15% 15%
In 2012, 11.1 million foreign tourists visited South Korea, and most do not speak Korean.
The solutionEliminate the language
barrier
Our mobile application connects non-Korean speakers to Korean restaurants so they can order delivery or takeout food in their native language.
How it works
Step 1
Order foodOur application has Korean restaurants’ menus pre-loaded, all in English. Only the restaurants near the user’s delivery area are displayed.
Step 2
Receive OrderRestaurants get the order already translated into Korean on a tablet we provide.Restaurants send a confirmation message with estimated delivery time to the customer.
Step 3
Get foodThe restaurant delivers the food and the cash or card payment is accepted at the door – just like a traditional phone order.There is no middle man.
Customer Technology
My Korea Delivery
Android and iOS
applications
Restaurant Technology
Dedicated My Korea Delivery tablet for
taking orders
Choose food type
Select store and
food
Confirm order
Wait for delivery!
English-speaking Customer
Receive order on a My Korea Delivery Tablet
Korean-speaking Restaurant Owner
Send confirmati
on message
010-1111-2345
Revenue modelConsumer
Per-use charge1000 won added to each order
Restaurant
FreeRestaurants use the
service for freePossible subscription
fee in the future
Customer
Who will use it?
+80% of foreigners said they would order delivery food at least once a week*
*based on a 2014 survey in Daejeon
How many customers are out there?
Daejeon
~15,000 Foreigners~2000 Westerners~11,000 Chinese
Seoul
~700,000 Foreigners~40,000* Westerners~100,000 Chinese*Does not include military personnal, a very large potential
revenue source
How much money can be made each month?
Customers Daejeon Seoul Korea
Westerners only 1,000,000 20,000,000 28,000,000
Chinese 6,500,000 50,000,000 76,000,000
Total 7,500,000 70,000,000 104,000,000
• 50% user rate, averaging 1 order / month
• Does not include military personnel or tourists
https://www.facebook.com/mykoreadelivery
www.mykoreadelivery.com
Our Facebook page and website
Social Media Advertising
• Foreigners in Korea are almost all members of special Facebook groups
• Advertising on these groups is highly effective
How do we differ from the competition?Consumer
✓ English, Chinese, and other language support
✓ Simple design for foreigners by foreigners
✓ Restaurants hand-selected for foreigner’s taste
✓ Personalized service with dedicated representative
✓ Free for restaurants to use!
✗ Only Korean✗ Complicated design✗ Restaurants not
selected for foreigners
✗ Large and impersonal business model
✗ Restaurants charged a fee for use
What’s makesMy Korea Delivery different?
We care about the success of the restaurants.
- Personalized service- No fee for
restaurants- Consumer-direct ads
We are now operational in Daejeon and have plans to expand
Phase 1: February 2016
Phase 2: July 2016
Phase 3: Aug 2016
월평동 어은동 자양동
갈마동 궁동 가양동
만년동
봉명동
소제동
둔산동 1 성남동
둔산동 2 용전동
둔산동 3 장대동 홍도동
Limited Service Area (Pizza Only): April 2016
월평동 , 갈마동 , 괴정동 , 만년동 , 둔산동일부지역 , 둔산동 , 탄방동 , 용문동 , 가장동 , 오정동 , 중촌동 , 노은동 , 반석동 , 지족동 , 신성동 , 하기동 , 덕명동 , 죽동 , 자운동 , 봉명동 , 궁동 , 구암동 , 상대동 , 원신흥동 , 복용
동 , 용계동 , 도안동일부지역
We are now partnered with big-name restaurants
PizzaChicken
WesternAsian
We are receiving customer orders every day
3
• Weeks Active (Beta Test)3
• Download requests (서구 , 유성구only)
45
• Daily customer orders
120
• Current users (Dunsan region only)
We are currently conducting beta testing in Daejeon.
We need funding to help expand and grow the company throughout
Korea.
www.MyKoreaDelivery.comwww.facebook.com/
mykoreadelivery