The Startup Ecosystem of Busan
Busan has 30 startups in our sample database. This represents about 2% of South Korea’s startups. Busan is the 2nd best startup ecosystem in South Korea.
CITY RANKING
In 2024, the startup scene of Busan developed considerably and increased in the Global Ecosystem Index by 78 spots.
National Ranking
In South Korea
Regional Ranking
In East Asia
Global Ranking
Worldwide
Ecosystem
Startup Ecosystem Overview
Startups
Busan Top Startup Industries
Ecosystem HealthCheck
Busan Ecosystem Health Check
The health check tables allow you to look at the performance Busan has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
- Overperformance
- Performance equal to global ranking
- Underperformance
ECOSYSTEM
Browse the startup ecosystem database of Busan
Become our Busan Ecosystem Partner
Startup Ecosystem Charts
Startup Funding in Busan2017 - 2024
Startup Funding in Busan 2017 - 2024
From 2022 to 2023, startup funding in Busan has decreased by 54.5%. During this period, the number of deals in Busan has decreased by 11.11%. Since 2017, total startup funding in Busan exceeded US$ $388.86M.
Average Funding in 2023
$954.79K
Funding in 2023
$7.64M
Deals in 2023
8
USD
Amount of Funding (USD)
Number of Deals
Ecosystem
The Startup Ecosystem in Busan
Global Rank
Busan is ranked within the top 400 startup ecosystems globally.
Top Industries
Busan’s startups excel particularly in Software & Data and in Hardware & IoT, and Ecommerce & Retail. Find out more
Top Cities for Startups in South Korea - Ranked by StartupBlink
2024 National Rank  | City | Global Rank |  | | | |
|---|---|---|---|---|---|---|
1st 0 | 21st + 3 | 36.838 | 00.00 | 00.00 | 00.00 | |
2nd + 1 | 366th + 78 | 0.973 | 00.00 | 00.00 | 00.00 | |
3rd + 1 | 429th + 69 | 0.689 | 00.00 | 00.00 | 00.00 | |
4th - 2 | 458th - 52 | 0.595 | 00.00 | 00.00 | 00.00 | |
5th new | 1052nd new | 0.100 | 00.00 | 00.00 | 00.00 | |
6th new | 1084th new | 0.091 | 00.00 | 00.00 | 00.00 |
ECOSYSTEM
Why should you join Busan's Startup Ecosystem?
Overview
2nd
National Rank
30th
Regional Rank
Overview
ECOSYSTEM
Startup Infrastructure in Busan
BLOG
Recent Posts
Mon Apr 14 2025
From Service-Based to Product-Based Economy – Lessons from North Macedonia
In this special episode of the Startup Ecosystem Podcast, we revisit a conversation from two years ago, recorded during a visit to North Macedonia. Eli David Rokah, CEO of StartupBlink, sits down with Igor Madjov, founder of Startup Macedonia, to explore how Skopje is evolving from a service-based IT outsourcing city into a product-driven startup […]
Wed Apr 02 2025
Corporate Startup Activity Index 2025
For the first time ever, 372 corporations across 30 countries, 11 major industries, and 10 sub-industries have been ranked based on how actively they engage with startups. StartupBlink’s Corporate Startup Activity Index is the world’s first benchmark for corporate startup engagement — powered by real data, global partnerships with top corporations, governments and data sources, […]
Thu Mar 06 2025
The Impact of Government Support on Startups
A robust startup ecosystem creates a sense of community that brings entrepreneurs together and helps them feel less isolated. It gives them access to mentors, advisors, fellow entrepreneurs, and talents. The foundation of such an ecosystem largely relies on government support. Good policies create a fair and supportive environment that helps startups grow. Bad policies […]