Similar constraints are pervasive in Asian countries. Nonetheless, Park is optimistic about the future. South Korea, with a population of only 46 million, already has 19 million internet users, while the number of internet domains is rising steeply by day. All this presents a promising market for the technology industry. Park also described the challenges to the industry.
Government officials are greatly concerned about Korean chaebols buying out new start-up companies.
Park himself was questioned by antitrust authorities after several chaebols approached him about a possible merger. South Korean law prohibits companies from firing permanent employees. This can be a hurdle for start-up companies since employees become part of the fixed cost once they pass the probation period lasting six to nine months. To ensure the quality of permanent employees, everyone interviews a potential hire in Park's company. In fact, his company is the only profitable advisory and consulting incubator in Korea.