Korea opened the "Startup Campus" as its largest startup incubation center in the country

On 22 March 2016, the Korean government opened its largest startup complex in Pangyo, a city located just south of Seoul, to boost promising local startups and attract foreign companies. This complex will provide support to people who want to start a business during all business startup procedures, ranging from launching and growing a business, through to penetrating overseas markets. Many startup support institutions will be available to offer help, including the National IT Industry Promotion Agency (NIPA) and the Institute for Information and Communications Technology Promotion (IITP). The complex will also have foreign startup accelerators such as Israel’s Yozma Campus and Germany’s SAP AppHaus.

• Type:

  • Promotion and facilitation (Investment facilitation )

• Industry:

  • Not industry specific

• Sources:

  • Korea.net, A cradle of the creative economy will be formed: President, http://www.korea.net/NewsFocus/Policies/view?articleId=134195, 22 Mar 2016
  • Korea Joongang Daily, Pangyo ‘start-up campus’ opens, http://koreajoongangdaily.joins.com/news/article/Article.aspx?aid=3016544, 23 Mar 2016
  • Yonhap News Agency, S. Korea launches 'startup campus' in Pangyo, http://english.yonhapnews.co.kr/national/2016/03/22/99/0301000000AEN20160322002353320F.html, 22 Mar 2016