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S Korea aims to become start-up hub

Feb 14, 2018 - Australian Financial Review

Big plans are under way to make South Korea a regional start-up hub. Backed by an initial investment in 2015 of $US3 billion, the government made a further pledge last year to establish a $US9 billion venture fund with public and private finances. South Korea has the highest government backing per capita for start-ups.

The initial investment is already paying off with Google, SparkLabs and other big names setting up shop in Seoul over the past three years. Tim Chae heads 500 Start-ups' Kor...