Korean Startup Ecosystem
The Korean startup ecosystem has rapidly evolved over the past decade, driven by a combination of government support, investment, and a vibrant tech culture. Major cities like Seoul and Busan serve as hubs for innovation, attracting both local and international entrepreneurs. The presence of large corporations, known as chaebols, also fosters collaboration and investment opportunities for startups.
Key initiatives, such as the K-Startup Grand Challenge and various incubators, provide resources and mentorship to emerging companies. Additionally, the rise of venture capital firms and angel investors has significantly boosted funding options, enabling startups to scale and compete globally.