Value of One-Word English domain names in Korea

[jeremymgp]

Hello everyone,

I have a number of one-word English domain names registered in Korea and I'm wondering what they might be worth. These are serious, one-word domains for highly competitive terms. In order to register a Korean domain you have to have a Korean ID card, so it's much harder for non-Koreans to register keyword domain names and as such they've been bought up that bit slower.

Here in Korea they have what is often known as "Konglish", a mixture of English and Korean which has become an integral part of Korean daily life. There is a huge market for English language learning here and as the use of English rapidly increases, so does the brandability of domain names. I'm confident over the next 5-10 years these domains will be worth a great deal.

What do people here think?

Thanks,
Jeremy

[redstorm]

Well, is it .com or .kr domain? No doubt, .com values more than .kr domain. Anyway, i think one-word English domain is good among other kinds of domains.

[jeremymgp]

Hi redstorm,

Thanks for the reply, they're .kr domains which require the Korean ID. Any idea where or how I could get this properly evaluated?

Thanks,
Jeremy

[edited by: Woz at 2:34 am (utc) on Oct. 15, 2006]
[edit reason] No Specifics Please, see TOS#13 [/edit]

[Woz]

I think that, as with any domain, the value is what someone is prepared to pay for it, assuming of course that price equals or exceeds your minimum sale price. Dictionary domains may attract a premium, but that would also be affected by whether that domain would be of any value to the local market, or whether it could overcome any prejudice to a local domain on the international market.

Obtaining an accurate value for a domain is a tricky process, something of course not done here on WebmasterWorld. There are some appraisal services available, themselves of varied value depending on whose opinion you solicit. Perhaps a read through some of the Valuing threads in the Domain forum might be of assitance.

Onya
Woz

[jeremymgp]

Hello Woz,

Many thanks for your reply, I'll have a good look at the valuing threads you mention and take it from there. All the best,

Regards,
Jeremy