Korea's Startup Ecosystem: A Land of Opportunity and Crisis
Korea's Startup Ecosystem: A Land of Opportunity and Crisis South Korea is a nation of economic miracles, known for building global giants like Samsung and Hyundai from the rubble of war. In the 21st century, a new generation of giants— Coupang , Baedal Minjok , Toss —has emerged, creating a vibrant, world-class startup ecosystem. This " K-startup " scene is a high-octane environment, fueled by a hyper-digital population, top-tier engineering talent, and a global cultural wave ( Hallyu ) that has captured the world's imagination. But as we stand here in late 2025, this ecosystem is at a critical inflection point. Beneath the glamorous success stories of its " unicorns ," there are deep structural challenges. The " VC winter " has hit hard, and old anxieties about market dominance and regulation persist. The Korean startup scene is a land of immense opportunity, but it is also navigating a serious crisis. It's a high-stakes battle between i...