The Startup Ecosystem of South Korea

South Korea boasts 5 cities in the top 1000 and is one of the leading startup hubs in East Asia.

COUNTRY RANKING

Since 2022, South Korea lost 2 spots in the Global Startup Ecosystem Index, having now positioned itself as 21st worldwide.

Population

51.7
Million

Regional Ranking

3rd
-
1
In East Asia

Global Ranking

21st
-
2
Worldwide
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ECOSYSTEM

Browse the startup ecosystem database of South Korea

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Ecosystem

The Startup Ecosystem in South Korea

Our startup ecosystem map for South Korea includes a sample of 679 tech companies. We have identified as unicorns 14 startups that have passed the USD 1 billion valuations. Contributing to the vitality of this startup ecosystem are the 3 pantheon member entities.

Global Rank

South Korea is ranked within the top 30 startup ecosystems globally.

Top Industries

South Korea’s startup scene is best represented in Social & Leisure, Education, and in and Fintech.

Top Cities for Startups in South Korea - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
Rows:
2022 National Rank & Change ▲
2022 National Rank & Change City
search leaderboards icon
Global Rank & ChangeTotal ScoreQuantity ScoreQuality ScoreBusiness Score
1st
0
25th
-
2
30.111
3.30
23.57
3.25
2nd
0
207th
-
45
3.906
0.06
0.86
2.99
3rd
0
421st
+
136
1.099
0.05
0.21
0.84
4th
+
1
794th
+
46
0.276
0.03
0.04
0.21
5th
-
1
980th
-
225
0.167
0.01
0.03
0.13
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Startups

Notable Startups in South Korea
OP.GG startup icon
OP.GG
O-House startup icon
O-House
Bithumb startup icon
Bithumb

Startups

Successful Social & Leisure startups in South Korea
Contents First startup icon
Contents First
MyMusicTaste startup icon
MyMusicTaste
JoyCity startup icon
JoyCity

Startups

Startups Ranking by Industry

Social & Leisure icon
Social & Leisure
#14 worldwide

On our map, you can explore a total of 209 for Social & Leisure.

Education icon
Education
#19 worldwide

In East Asia, South Korea's Education is in top 19. South Korea has a concentration of about 111 of the region's total Education startups that are represented on our map.

Fintech icon
Fintech
#26 worldwide

South Korea's Fintech is ranked 26th in the world. Our database contains 104 for this industry.

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Recent Posts

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