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The country is home to global corporates like LG, Samsung, and Hyundai and is a breeding ground for innovative startups, entrepreneurship, and technology. Every year, South Korea opens its doors, inviting global startups and entrepreneurs to develop and grow their businesses in the region.
The biggest accelerator program, sponsored by the Korean government, supported by the Ministry of SMEs and Startups (MSS), and organized by the National IT Industry Promotion Agency (NIPA), will be held for 3.5 The participating startups come from various countries across Europe, North America, and Southeast Asia.
Also, the top thirty startups will get further assistance to expand business in Korea through a settlement program with a supporting fee of $11,136. The startupaccelerator program, launched in 2016, supports foreign startups that want to enter the Korean market and further explore the international markets.
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