How South Korea Made Itself a Global Innovation Leader

By July 24, 2020 South Korea

South Korea is positioned as one of the world’s most innovative nations, ranking second only to Germany in Bloomberg’s 2020 Innovation Index. It has the biggest government backing of startups per capita in the world providing US$4 billion to startups in the country since 2015. With strong support from the government, South Korea is cultivating startups to be the new engines of economic growth and has become an increasingly attractive destination for foreign startups.

In this article by, find out the reasons why South Korea has emerged as a global innovation leader and why it offers an exciting opportunity for German startups looking to scale up their operations into the Asian region.


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