Tuesday, May 26, 2015

Forbes: South Korea's Startup Culture Marred By Misguided Ambitions

The tone of this article is reflected in my book I am working on.  An entrepreneurial culture is as important as other entrepreneurial infrastructure.

From Forbes Asia:

South Korea’s startup culture has been gaining more attention as of late. According to Korea’s Small and Medium Business Administration, the number of startups in the country soared to roughly 30,000 as of January this year, up from a mere 2,000 some 16 years ago. And among that group, 63 have risen to No. 1 in terms of market share in their respective industries.

But in spite of that growth and the government’s ongoing support for building a “creative economy,” one that favors and encourages young entrepreneurship, Korea’s startup culture is not as advantageous or conducive as it might seem. While many have the impression the country’s startup landscape is teeming with opportunity, thereare some who remain skeptical of its true offerings.

http://www.forbes.com/sites/gbcurley/2015/05/25/south-koreas-startup-culture-marred-by-misguided-ambitions/

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