my korea delivery

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My Korea Delivery Connecting foreigners with restaurants in Korea

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Post on 11-Feb-2017

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Page 1: My Korea Delivery

My Korea DeliveryConnecting foreigners with restaurants in Korea

Page 2: My Korea Delivery

Our mission is bring foreigners and small Korean businesses together.

Page 3: My Korea Delivery

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%

Page 4: My Korea Delivery

In 2012, 11.1 million foreign tourists visited South Korea, and most do not speak Korean.

Page 5: My Korea Delivery

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.

Page 6: My Korea Delivery

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.

Page 7: My Korea Delivery

Customer Technology

My Korea Delivery

Android and iOS

applications

Page 8: My Korea Delivery

Restaurant Technology

Dedicated My Korea Delivery tablet for

taking orders

Page 9: My Korea Delivery

Choose food type

Select store and

food

Confirm order

Wait for delivery!

English-speaking Customer

Page 10: My Korea Delivery

Receive order on a My Korea Delivery Tablet

Korean-speaking Restaurant Owner

Send confirmati

on message

010-1111-2345

Page 11: My Korea Delivery

Revenue modelConsumer

Per-use charge1000 won added to each order

Restaurant

FreeRestaurants use the

service for freePossible subscription

fee in the future

Customer

Page 12: My Korea Delivery

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

Page 13: My Korea Delivery

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

Page 14: My Korea Delivery

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

Page 15: My Korea Delivery

https://www.facebook.com/mykoreadelivery

www.mykoreadelivery.com

Our Facebook page and website

Page 16: My Korea Delivery

Social Media Advertising

• Foreigners in Korea are almost all members of special Facebook groups

• Advertising on these groups is highly effective

Page 17: My Korea Delivery

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

Page 18: My Korea Delivery

What’s makesMy Korea Delivery different?

We care about the success of the restaurants.

- Personalized service- No fee for

restaurants- Consumer-direct ads

Page 19: My Korea Delivery

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

Page 20: My Korea Delivery

We are now partnered with big-name restaurants

PizzaChicken

WesternAsian

Page 21: My Korea Delivery

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)

Page 22: My Korea Delivery

We are currently conducting beta testing in Daejeon.

We need funding to help expand and grow the company throughout

Korea.

Page 23: My Korea Delivery

www.MyKoreaDelivery.comwww.facebook.com/

mykoreadelivery