The economy of South Korea is 12th largest in world, with a nominal GDP of USD 1.950 Trillion. South Korea economy is dominated by its service sector, comprising 58.4% of the GDP and employing 70,6% of the labour force. China is the largest trading partner of South Korea.
South Korea has a thriving startup ecosystem supported by key factors like its location, access to sea routes with modernised ports, development of industries, developed social market economy, rich in natural resources and also developed in exports top-ranked educational institutions and government regulations. The majority of South Korea startups are located in Seoul and Seongnam-si.
We, at Tracxn, keep a track of the latest happenings in the world of startups and their associated ecosystems - including venture capital funds, private equity funds and investment banks amongst others.
In this edition, we have the ‘Soonicorn Club of South KoreaTech 2025’– an exclusive list of the most promising South KoreaTech startups that have also reached significant valuation milestones over the previous few years.