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The K-Startup Grand Challenge 2023
The K-Startup Grand Challenge (KSGC) program is the most significant inbound global startup program that brings innovative foreign startups into South Korea. It is Asia’s first-of-its-kind “all-expenses-paid” program organized and hosted by the Ministry of SMEs and Startups and the National IT…
Entrepreneurs in Korea Can’t be Afraid to Try New Startup Ideas
For the Korean startup ecosystem to flourish, Korea needs more and more entrepreneurs trying new things. Therefore it is important for entrepreneurs in Korea to always be open to trying to ideas for their business or startup. Even the Korean government is more open to trying new ideas such as…
Quick Facts About the Gender Pay Gap in South Korea
Women in South Korea are working longer hours and starting their own businesses in greater numbers than ever before. The gender pay gap in South Korea has consistently been an issue with women earning less than men. Korean conglomerates which are the backbone of the Korean economy have gotten a lot…
The Rise of Smart Vertical Farms in Korea – The Future of Farming
Smart Vertical Farms in Korea have been springing up lately. These farms grow plants that do not need sunlight or soil. Korean startups NextOn and Farm 8 are becoming vertical farming leaders in South Korea. They both aim to provide fresh, sustainable, local food all year round. Seoul is one of the…
Agtech Startups Transforming the Agriculture Industry in Korea
South Korea is home to a number of Agtech startups (agriculture tech startups) that are transforming the agriculture industry in Korea. These startups are working on innovative solutions to address some of the most pressing challenges faced by the agriculture industry today. According to the United…
The Space Program in South Korea Continues to Grow
What SpaceX has shown us is that there is value in exploring space. South Korea also agrees which is why they spent over $550 million in 2021 on space activities such as producing satellites (half the budget), an integrated satellite data management system, rockets, and other key equipment. In…
