Government News

Seoul to Launch their own Cryptocurrency the S-Coin in 2021

Residents livings in Seoul will get S-Coins by doing municipal services. These municipals' services include participating in public polls and paying their taxes. In addition, the S-Coin could be used…

Korean Government Programs

List of Government Programs that Support Foreign Startups in Korea

The Korean startup Ecosystem has been lopsided for a very long time. Until 2012-2013, the startup scene in Korean had remained homogeneous. There have been many calls by foreign entrepreneurs to…

Korean Startup Scene in Seoul

Korean Startup Ecosystem and Blockchain in Korea

The Korean Startup Ecosystem in 2020 is stronger than ever. It may surprise some to know that the economy of South Korea is now the 4th largest in all of Asia. They have one of the best wireless…

Incheon Startup Park

Incheon Startup Park – Landmark of Innovation Growth

Shinhan Financial Group hosted an MOU ceremony along with the Ministry of SMEs and Startups, the Incheon Metropolitan City, and Celltrion. They aim to build an ecosystem for innovative startups…

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Coupang CEO

How Coupang Continues to Succeed Despite Being Unprofitable

Many investors, mentors, and advisors in Korea will tell you that sales/profits are everything for a startup. Turning a profit shows that you have succeeded and it is what every business should…

Sustainability Startups in Korea

How Korean startups want to create a more sustainable future

Korea is a country that is committed to growing a sustainable environment. Former president Lee Myung Bak was the first to address the nation’s environmental development. "If we make up our minds…

CBDCs in Korea

Will Bank of Korea Launch Digital Currencies in Korea?

The Bank of Joseon introduced currency notes in Korea back in 1946. 4 years later, a new central bank called the Bank of Korea replaced the Bank of Joseon. Now they play a major role in maintaining…