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PKNU student's start-up item worth '20 million won prize money' | |||
WRITER | 대외협력과 | WRITE DAY | 2021-12-27 |
COUNT | 183 |
PKNU student's start-up item worth '20 million won prize money' | |||||
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대외협력과 | ![]() |
2021-12-27 | ![]() |
183 |
"We provide a courier service for soldiers instead," a PKNU student startup is in the spotlight
- PKNU student received Minister Prize from the Korea Forest Service with 20 million won prize in the K-startup King of the Kings Competition
△ Yoo Jae-sung (right) taking a commemorative photo after winning the award in the K-startup 2021 the King of Kings.
"We take care of the courier service that you asked for to your parents and friends."
College students are attracting attention from the public by establishing a company that delivers goods purchased from online shopping malls for military personnel who can only receive postal delivery.
Juda Co., Ltd., founded by Yoo Jae-Sung (age 27), a 4th grader at Department of Energy Resources Engineering and Kwon Soon-Woo (age 25), a 3rd year student at the Department of Aquatic Life Medicine of Pukyong National University (President Jang Young-Soo).
Pukyong students set up the military delivery service 'Milivery' as their business model of the company Juda. It is provided in a way that soldiers purchase products purchased from online shopping malls at the company instead of receiving them, and then send them to their units using the post office courier.
Yoo Jae-Sung, CEO of Juda said, "As a result of the survey, online shopping malls using post office delivery accounted for less than 10% of the total shopping malls. This service not only solves the problem of soldiers having to ask their parents or friends to pick up the parcel instead to have the items purchased from the online shopping mall delivered to their troops, and the inconvenience of re-sending by courier at the post office, but also they can get the parcel delivered quickly."
The company Juda was founded just a few months ago, but the number of members who have signed up for this service is over 2,500 soldiers. Although the company is making money by receiving an agency fee from its members, it plans to significantly reduce the burden on users by lowering the unit price of delivery through a bulk delivery contract with the post office.
In the ‘King of Kings, K-Startup Challenge 2021', the largest start-up competition in Korea held on the 17th, they received an award from the Minister of the Korea Forest Service with 20 million won in prize money for this start-up model. They also won the grand prize at the 7th Busan Startup Idea Contest held earlier. Their start-up model has also applied for a patent.
Yoo Jae-Sung said, "Rather than focusing on this business model, we are preparing to release Milivery Prime membership, a subscription service that allows soldiers to receive parcels from any courier company directly without going through the post office delivery service. Our goal is to open a military-only shopping mall where soldiers can collect data on what items they need and when they need it and deliver the items they want on the same day."
Pukyong University students have been developing their start-up competency by successively being selected for first-time start-up support project by the Ministry of SMEs and Startups, following a support project held by Enterprise Support Contact Center of LINC+, Pukyong National University with this start-up model. <Pukyong Today>