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Seoul City to invest US$ 1.3 bil. to build world's biggest startup hub by 2030, nurture unicorn companies

서울 성수동에 2030년 세계최대 창업허브 유니콘 50개 육성

The capital of South Korea, Seoul City, aims to become the world's largest startup hub.
Mayor Oh Se-hoon on Wednesday announced a 1-point-7 trillion won or 1-point-3 billion U.S. dollar spending package. that aims to foster at least 50 unicorn companies by the year 2030.
"Unicorn" meaning: startups that eventually become worth one-billion dollars.
The plan will see around a thousand new firms accommodated in the Seongsu-dong neighborhood in east Seoul, an area that's popular for new and upcoming companies.
This as startups have been facing difficulties after the COVID-19 pandemic and the global economic slowdown.
The city is also planning to build a robot cluster to develop startups in what are called "future industries."

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2023-06-21, 18:00 (KST)