Gopizza founder addresses South Korea's shrinking market due to low fertility rate, expanding abroad and exploring AI-powered ovens.
Gopizza founder Jay Lim highlights South Korea's declining population due to its record-low fertility rate as a challenge for businesses. With the world's lowest fertility rate at 0.72, South Korea's consumer market shrinks. Gopizza has expanded to India, Singapore, and is opening in Indonesia and Thailand to counter competition and a shrinking domestic market. The company is also exploring AI-powered ovens for revenue growth and consistency.
August 23, 2024
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