South Korea opened its largest startup complex near Seoul on Tuesday as part of its efforts to boost promising local startups and attract foreign companies. The “startup campus” in Pangyo, just south of Seoul, is designed to nurture more than 200 startups, offering workspace and consulting services for capital funding, according to the Ministry of Science, ICT and Future Planning. They include the Yozma Group, an Israel-based global venture capital firm, and TEDCO,…

In January in Davos, Switzerland, South Korea’s first female President, Park Geun-Hye pushed forward with a multi-billion “Creative Economy” policy. Although Korea has seen a great rise in GDP and living conditions in the last 50 years, President Park now believes the current economic growth environment in Korea has reached its limit, and just like startups often need to, she has decided to pivot the Korean economy to embrace innovation as a…