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Korea to build startup campuses in Seoul, Busan by 2026

Korea Economic Daily LogoKorea Economic Daily14h ago

Korea to build startup campuses in Seoul, Busan by 2026 - Korea Economic Daily

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South Korea will establish startup hubs in the Seoul Metropolitan Area and Busan, the country’s largest port city, by the first half of 2026 to build Asia’s No.1 startup ecosystem, said Oh Young-joo, minister of SMEs and Startups, on Thursday.

Oh said in a media briefing that the Hongdae area in Seoul is an ideal place as a startup community due to its proximity to other leading universities with a large number of foreign students, or a pool of global talent for the venture firms in that area.

The startup hub to be built in the Seoul Metropolitan Area by 2026 differs from the Seoul Unicorn Startup Hub that Seoul Mayor Oh Se-hoon said last year would be located in Seongsu-dong by 2030 to become the world's largest startup community.

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 15:57:29 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 315 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 21769757

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Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 13 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 10 hours ago

Coverage Areas: South Korea

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Publication Timezone: GMT +8:00

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Publisher ID: #91

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