Neighboring country market that cannot be ignored
In mid-October, he was invited to the “Seoul City China Investment Cooperation Day” hosted by the Seoul Metropolitan Government. The event aims to help the capital from China and Seoul’s startups to match precisely and achieve win-win cooperation. Since 2016, this is the fourth time that the Seoul Metropolitan Government has organized a cooperation day for Chinese investors. In addition to the Korean drama and variety show, let’s take a look at some of the fun entrepreneurial projects in Korea. In the article , we introduced the bright projects in this cooperation day. This article will review the current status, trends and causes of Korean entrepreneurial ecology.
After 2000, relying on its technological advantages in the field of electronic communications, South Korea has already experienced a wave of mobile Internet entrepreneurship, but the financial crisis has cooled. In recent years, with Seoul as the center, South Korea is welcoming a new wave of entrepreneurial enthusiasm. In addition to traditional strengths in information technology, consumption, and entertainment, biotechnology, the Internet of Things, and blockchain are becoming new advantages for Korea.
First look at Korea’s “second wave of risky companies” from a macro perspective. According to official data, there are 30,527 startups in Korea in 2015 and 98,000 in 2018. In terms of investment amount, from 2009 to 2018, Korea’s venture capital market has also realized from US$1.4 billion to 2.9 billion. Double the dollar.
According to CB Insights, as of the end of 2018, there were 326 unicorn companies worldwide. As of October 2019, there are 7 unicorns in Korea, 5 of which have grown in the past 3 years. For the unicorn.
Unicorn List
The local market volume, the distance from the international market is close enough, and the multiple factors of the domestic industry giant’s control over the industry are to some extent regarded as the birth of Korean entrepreneurs. The ceiling encountered, but this does not mean that there is no opportunity for a startup, we use Seoul’s perspective to explain: