1forME is Korea's Etsy

Web 2.0 | 2010/02/23 14:54 | Web 2.0 Asia

1forME is a newly launched Korean e-commerce site that sells hand-made, artists-produced goods. That's quite a mouthful, but long story short: 1forME is Etsy of Korea.

Etsy saw a gross merchandise sales of about US$ 180M last year, showing some 105% year-over-year growth. This shows that the handmade goods e-commerce is a proven business model, and for every proven business model there's always an Asia opportunity, especially if the model is culture-neutral. Well, both e-commerce and the love for handmade goods seem to be pretty universal concept, I guess.

But according to the company's heatmap, Etsy doesn't seem to have a big Asia presence. This leaves plenty of room for Asian startups to grab the opportunity. 1forME has just thrown hat in the ring, a move that's expected to be followed by many others in the region.

TAG 1forME, etsy