K-Startup Challenge 2020: These two startups will be heading to South Korea for the global competition
South Korea is a leading manufacturer in cutting edge electronics and one of the biggest consumers of these digital products. It also has the fastest average internet connection in the world. The country’s highly advanced technology infrastructure also allows for quick consumer consumption of new services. All this and more makes South Korea an ideal place for startups to set up, thrive and grow.
The NIPA (National IT Industry Promotion Agency), the Korean state agency that’s responsible for catalysing future progress for the Republic of Korea, has been at the forefront of achieving national development and economic vitalisation through the ICT industry.