Revolutionizing South Korea's Housing Maintenance with ReadyPost: The Future of Non-Face-to-Face General Meetings

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South Korea is facing a unique challenge in its housing market, with 49.1% of its homes being over 20 years old and 19.4% over 30 years, leading to a pressing need for maintenance. This has resulted in a thriving industry for housing maintenance, with 68.5% of the country's homes being subject to maintenance and the order status for the top 10 construction companies reaching $25 billion in 2021. With 2,500 housing maintenance associations operating across the country, the importance of efficient and effective methods for conducting general meetings cannot be overstated.


The COVID-19 pandemic has further complicated this situation, making it difficult to secure a quorum for offline general meetings. This, combined with a preference for inexpensive electronic methods for exchanging information, has led to a need for a solution that can overcome the limitations of traditional, resource-intensive general meetings.


Click ReadyPost, a platform that supports online non-face-to-face services to address these challenges. The company has seen good results in the general meetings of housing maintenance associations, offering a non-face-to-face voting method that is suitable for the current COVID-19 situation. Additionally, the company has developed a way to issue various documents with legal effect in conjunction with authorized electronic documents, leading to a high rate of customer renewal and low withdrawal rate.


What sets ReadyPost apart is its custom charging system, which allows for a tailored approach according to the type of general meeting, making it applicable to a variety of markets. The low exit rate also means that securing customers leads to accumulated sales. In a competitive market with hundreds of domestic urban maintenance companies and marketing agencies acting on behalf of the general meeting, ReadyPost's founder, who has gained experience in various departments at SK Planet and has exit experience, provides a valuable asset to the company.


The financials for ReadyPost are promising, with funding to date and projected revenue and expenses leading towards profitability on a timeline to be determined.


ReadyPost is at the forefront of a revolution in South Korea's housing maintenance industry, offering a much-needed solution for efficient and effective non-face-to-face general meetings.


p.s. ReadyPost(service: ChongOne) has been designated as a recipient of the TIPS grant, effective September 2022, following a recommendation from CNTTech

*Technology Incubator Program for Startups (TIPS) is an initiative established by the government of South Korea to provide grant support for technology startups.

Location: South Korea

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