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 serve as hubs for innovation, attracting both local and international entrepreneurs. Initiatives such as the K-Startup Grand Challenge and various incubators provide resources and mentorship to emerging companies.
Venture capital plays a crucial role in this ecosystem, with numerous VC firms actively investing in diverse sectors, including fintech, healthtech, and e-commerce. Additionally, the presence of large corporations, such as Samsung and LG, fosters collaboration and offers startups opportunities for growth and scaling.