Asia's Best Younger Entrepreneur 2009

Charles Pyo
South Korea

Age: 23

Company: Wizard Works

Pyo set up his company in 2006 as a provider of personalized portal services, with the site offering a wide choice of widgets (small chunks of code that can drive applications on Web sites). The personalized portal didn't take off but its widget services were a hit, so Pyo decided to focus on widgets and has now become Korea's leading creator and distributor of them. Wizard Works offers widget marketing services and helps build widget-incorporated intranets for companies. All big portals in Korea, including Naver, Daum, Google, and Yahoo offer widgets created by Wizard Works. Pyo expects revenue to top $1.2 million this year, about triple that of a year ago.