South Korea's VC funding hits record high of $2.3 billion through Q3 2019

December 10, 2019
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South Korea's Ministry of SMEs and Startups reports that VC funding in South Korea through Q3 2019 reached a record high of $2.3 billion. This is a significant transformation to fill a much-needed gap in the country's otherwise robust innovation ecosystem. As this trend continues and with several of the country's major conglomerates now taking an active role in venturing, we expect a strong showing from Korean startups in 2020, specifically in the information technology and life sciences industries. South Korea has quickly risen up the global innovation leaderboard and will likely continue to replicate its early successes for the forseeable future as a global innovation powerhouse.

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