Facts & Figures
Global startup ecosystem, known for its high-tech innovation
(Startup Genome, 2023)
Year-over-year growth in venture capital funding
(PitchBook, 2023)
Unicorns, positioning Korea as a regional leader
(CB Insights, 2023)
Globally in internet connectivity
(World Bank, 2023)
World-leading technology, an advanced infrastructure, and forward-thinking industries make South Korea a prime market for ambitious startups.
Expand Your Business Horizons in South Korea
Ranked as one of the most innovative countries globally, South Korea combines cutting-edge technology with a strong entrepreneurial spirit. As the fourth-largest economy in Asia, it is a leader in advanced manufacturing, digital transformation, and cultural exports, providing German startups with a strategic entry point into the broader Asian market.
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Opportunities for German Startups
Tap into a wide range of opportunities across several industries and market dynamics.
01
IoT Leadership
As the world’s most digitally connected country, South Korea offers immense potential for IoT innovations in smart devices, data analytics, and automation.
02
Smart Cities
A global pioneer in smart city solutions, South Korea actively supports foreign startups in mobility, energy, and digital infrastructure.
03
Smart Manufacturing
With plans for 30,000 smart factories, the country provides opportunities for Industry 4.0 solutions, including AI-driven production and advanced robotics.
Our Hubs in the 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.
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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.
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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.
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Programs We Offer in South Korea
Discover Our Local Partners
What Previous Program Participants Say
Do You Have Any Questions?
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