South Korea
With the world’s highest broadband penetration (97%) and top-ranking innovation for six years, South Korea is an innovation powerhouse.
Cutting-Edge Industries and Infrastructure
South Korea excels in R&D, with advanced sectors like smart manufacturing, virtual reality, and renewable energies.
Its strong ICT infrastructure and high technology adoption rate create the ideal environment for fostering innovation and driving technological advancements globally.
01
Tapping Into IoT Potential
As the world’s most digitally connected country, South Korea’s IoT sector holds the strongest potential for German startups looking to gain a foothold in the market.
02
Leading Smart City Innovations
South Korea is an early adopter of the Smart City concept, integrating several aspects into its infrastructure to maximize efficiency and sustainability. It actively encourages foreign innovation in this space.
03
Smart Manufacturing Growth
Smart Manufacturing is an important growth sector as South Korea plans to build 30,000 smart factories by 2022.
04
Pioneering Robotics & Automation
South Korea has the highest robot density per capita worldwide, and a booming robotics industry forms the core of the country’s Fourth Industrial Revolution vision.
Opportunities for German Startups
How to Get Started
Mobility
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Mobile & Gaming
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Smart City
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Industry 4.0
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Discover Our Local Partners
Main Startup Hubs in South Korea
Seoul
Seoul is home to 60% of the country’s startups who benefit from cutting-edge infrastructure, numerous accelerators and fresh talent from more than 50 universities based in the city.
Busan
South Korea’s second largest city, Busan is also home to a thriving startup scene, with sub sector strengths in Marine Tech and Smart City.
Pangyo Techno Valley
Pangyo Techno Valley, South Korea’s version of Silicon Valley, is home to some of the country’s top tech firms, including NCSoft Corp., Kakao, SK Planet, and Nexon.
What Previous Program Participants Say
South Korea Snapshot Report
Download the South Korea Snapshot Report to get comprehensive insights, top tips, and opportunities to expand your business to South Korea!
You have the questions we have the answers
01
How Can I Apply to the Program?
To apply, simply follow the instructions in the application form. After submission, our team will review your application and get in touch with next steps.
02
Will German Accelerator take any equity?
We don’t take any equity from our startups and our programs are financed by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). Our goal is to help you succeed. No hidden agendas, no strings attached.
03
Who Is Eligible to Join?
To qualify for any German Accelerator program, your company has to meet our selection criteria:
- Your company must be incorporated in Germany with one of the following legal forms: UG; AG; GmbH; GmbH & Co. KG. We also consider GbRs on a case-by-case basis
- Qualify as a small and medium-sized enterprise (SME) based on the EU definition of a SME
- Be under the limit of the official EU De-minimis aid regulation
04
What Are the Program Costs?
The cost of taking part in the Market Discovery program have a small fee of €500 per startup, for up to 3 participants from the same company.
05
How Long Does the Program Last?
The Market Discovery program is a 5-7 week virtual program (depending on the location), with up to 1 week on-site in the respective country.