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Korean Government Agencies That Support Startups
Startups in Korea need the support of Korean government agencies more than ever before. The startup ecosystem in Korea has been surging since 2015. However, 2020 and 2021 saw many startups in Korea struggling due to the covid pandemic. It was not just restaurants, shops, and small companies that…
List of Startup Accelerators and Incubators in South Korea
The Korean startup scene has come a long way and startup accelerator programs have been a major part of creating hundreds of startups. Some have become unicorns, such as Coupang, Bluehole, Yello Mobile, Woowa Brothers, L&P Cosmetics, and Viva Republica. These startup accelerators and incubators in…
A Complete List of Coworking Spaces in Seoul
Coworking spaces in Seoul, South Korea have really taken off since WeWork came to Korea. The reason for this growth is because these coworking spaces in Seoul are not just getting filled by startups but also traditional Korean companies. The high cost of working in Seoul (especially Gangnam) and…
Shopping Habits in Korea Changed Due to COVID-19
When you walk down the streets of Myeongdong, Dongdaemun, Garosugil (Sina-dong), and even inside COEX mall, you will notice that more and more stores are shutting down. Offline stores have been under pressure due to online retailers even before COVID-19. Shopping habits in Korea are changing as…
Will Bank of Korea Launch Digital Currencies in Korea?
The Bank of Joseon introduced currency notes in Korea back in 1946. 4 years later, a new central bank called the Bank of Korea replaced the Bank of Joseon. Now they play a major role in maintaining price stability in South Korea. However, recently with the rise of Bitcoin and other…
Why is the Youth Unemployment Rate in Korea so High?
The youth unemployment rate in South Korea currently stands at 10%. South Korea overall lost over 1 million jobs from the same time last year. The majority of job loss was in the service sector which has been hit especially hard during the coronavirus pandemic. Retail jobs, hotel jobs, and…
