US cloud company Snowflake enjoys increasing popularity in S. Korea
US-based data cloud company Snowflake has been enjoying soaring popularity in South Korea for less than a year since the service started.
The popularity was attributed to more South Korean companies increasingly realizing the need for easy, fast, and reliable data analysis tools.
The company, which was founded in 2012, provides data cloud services that allow customers, mostly from businesses, to store, organize, share, analyze, and even sell their data.
The company is also well known here as Warren Buffett, CEO of U.S.-based investment firm Berkshire Hathaway, and many Korean retail investors have bought stocks in it.
Snowflake officially entered the Korean market in November 2021.