The startup ecosystem in Korea has been surging since 2015. Furthermore, the Korean government launched a drive to support startups and also promote entrepreneurship among the youth. Entrepreneurship drive has been one sure strategy at the core agenda of past and successive presidents to alleviate the rate of unemployment among the youth. Many Korean government agencies have outlined plans to support new and creative ideas, especially from foreigners and other sectors of the economy. In the meantime, achieving these ambitious technological goals will also help propel the government’s steep dive into the fourth industrial revolution.
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