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
Million
Regional Ranking
In East Asia
Global Ranking
Worldwide
ECOSYSTEM
Browse the startup ecosystem database of South Korea
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Ecosystem
The Startup Ecosystem in South Korea
Global Rank
South Korea is ranked within the top 30 startup ecosystems globally.
Top Industries
South Koreaâs startup scene is best represented in Social & Leisure, Education, and in and Fintech.
Top Cities for Startups in South Korea - Ranked by StartupBlink
| 2022 National Rank & Change | City | Global Rank & Change | Total Score | Quantity Score | Quality Score | Business 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 |
Startups
Notable Startups in South Korea
Startups
Successful Social & Leisure startups in South Korea
Startups
Startups Ranking by Industry
On our map, you can explore a total of 209 for Social & Leisure.
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.
South Korea's Fintech is ranked 26th in the world. Our database contains 104 for this industry.
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Recent Posts
Tue Mar 14 2023
EP 33: Do Small Countries Have an Edge in Building a startup Ecosystem?
Do small countries have an edge in building a startup ecosystem? In this episode, the StartupBlink team and Eli David discuss the unique advantages of small countries for building a thriving ecosystem. In StartupBlinkâs Global Startup Ecosystem Index 2022, 9 out of the top 20 highest-ranked countries had a population of less than 10 million, [âŠ]
Wed Mar 08 2023
How can collaborating with StartupBlink as an ecosystem partner help your ecosystem and organization?
Collaborating with StartupBlink as a data partner can bring a range of benefits to your organization and ecosystem. As the most comprehensive startup ecosystem map and research center, we publish the Global Startup Ecosystem Index Report (GSEI) annually, ranking the top 1,000 cities and 100 countries worldwide. StartupBlinkâs GSEI is based on an elaborate algorithm [âŠ]
Tue Feb 28 2023
The Top 30 Countries by Absolute Power in 2022
What is Absolute Power? Generally, StartupBlinkâs GSEI scoring algorithm calibrates the countriesâ total score to their population size to check the startup outputs of countries per capita.  The âAbsolute Powerâ algorithm ignores the size of the population and looks at the absolute amount of startup output per country to compare their dominance regardless of population [âŠ]