Startups in Korea need the support of Korean government agencies more than ever before. The startup ecosystem in Korea has been surging since 2015. However, 2020 and 2021 saw many startups in Korea struggling due to the covid pandemic. It was not just restaurants, shops, and small companies that felt the pain of covid regulations, startups also felt the impact. Therefore, Korean government agencies have launched a drive to support startups and also promote entrepreneurship among the youth in order to recover from the pandemic.
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