National: South Korea
South Korea's limited agricultural land and natural resources has encouraged the government to support technology investment and venture investment.
The combination of a risk-averse population, outdated legislation and difficult conglomerates has created a startup aversion. However, that attitude is rapidly changing.
The sobering reality of South Korea’s limited natural resources and agricultural land has forced its government to become a major player in tech investment and investment facilitation. Successive political administrations have relied on the exports of some of its largest conglomerates, such as Samsung and ...
Investments & Deals
The exact level of support has not been disclosed.
Funds & Finance
At the heart of South Korea’s startup drive are three government agencies primarily concerned with investment and R&D – the Ministry of Science, ICT and Future Planning (MSIP), The National IT Industry Promotion Agency and (NIPA) and the Korea Evaluation Institute of Industrial Technology (KEIT).
- South Korea to set up $102m biotech fund
- Korean fintech set for VC boost
- South Korea to accelerate international startups
- China and Korea partner for $100m fund
- Saudi Arabia and Korea MoU
- Samsung supports local region
- Qatar to invest with China and Korea
- Korea Fund plans $150m raise
- Yozma's South Korean Fund
Law & Policy
There are stringent contractual protections for investors who decide to invest in a South Korean startup.
The KEIT has five core R&D programmes.
Government reports & news
Regional & Local Governments
* Full report available online