Competitiveness of the Korean technology startup ecosystem and opportunities for global corporations
14 October 2021 — In this webinar organized by the European Chamber of Commerce in Korea, we discuss the competitiveness of the Korea technology startup ecosystem and what it can provide to global corporations.
Reddal was invited as a speaker to an online webinar organized by European Chamber of Commerce in Korea (ECCK) held online on October 14, 2021.
The growth and advancement of Korea as a global player across multiple technology arenas is well known. Korea clearly has leading edge technology. Yet, most of the development has been due to the tight interaction between government and chaebols, large owner dominated multisector corporations. In recent years there has been a strong drive to create a vibrant technology startup ecosystem in Korea, following similar efforts in for example US/Silicon Valley, UK/London, Germany/Berlin, Israel/Tel Aviv and Nordics/Stockholm, Helsinki. A new generation of startup entrepreneurs has emerged, but to many the overall landscape is still unknown. In our presentation, we take a look at the technological capabilities of Korean startups, where Korean startups are today versus their global peers, and what the Korean startup ecosystem might offer global corporations in terms of advanced technology and new solutions. We also discuss practicalities of M&A and post-merger integration in the context of “bolt-on” technology acquisitions of Korean startups.