• Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KOTRA
    • KTO
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • SGSC Global Bootcamp 2021
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
  • Investment Opportunities
    • SGSC Demo Day
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • register
  • login
KoreaTechDesk
No Result
View All Result
KoreaTechDesk
No Result
View All Result
Home Ecosystem & Lists

Korean startups: What to look forward to in 2022?

Jeon Jinju by Jeon Jinju
January 3, 2022
in Ecosystem & Lists
1
Korean startups: What to look forward to in 2022?
425
SHARES
455
VIEWS
Share on FacebookShare on Twitter

The Korean startup ecosystem is one of the fastest-growing in the world. The country saw a slowdown in the last two years owing to the pandemic, but in 2022 it expects to get back on track of growth. As the world limps back to normalcy post-COVID-19 restrictions, the Korean economy is also showing promising signs. Korean startups are gearing up for a better year of innovation, funding and unicorns.

Investments 

South Korean startups attracted record levels of funding in 2021 from private investors. Startups’ total venture capital investment is a record 5.26 trillion won in 2021, eclipsing the previous high of 4.30 trillion in 2020. The investments are expected to continue apace in 2022.

Unicorns 

In 2021, South Korea got 15 official unicorn startups, with three new companies joining the billion-dollar club list — Zigbang, Dunamu, and Market Kurly. With more investments flowing in and the Korean government’s push to have 20 unicorns in 2022, more startups will get the $1 billion market valuation.

Check out the Korean startups that have achieved the ‘Unicorn’ status

IPOs

2021 saw record IPOs at the Korean bourses, with many startups debuting at the market. Also, the most dazzling IPO debut was by Korean e-commerce startup Coupang at the New York Stock Exchange in the first quarter of 2021.

For 2022, Market Kurly, the delivery unicorn startup, PUBG creator Krafton, and many other startups have already filed for an IPO at the Korean exchanges.  Investment banks project that 2022 IPO turnover could exceed 25 trillion won/$21 billion.

Another hot IPO year in 2022 at Seoul with big and intriguing lineup

Source: Pulse

Economic Growth

Korean finance ministry projected the 2022 growth outlook for the country’s economy to 3.1 percent. ). The International Monetary Fund expects the South Korean economy to grow 3.3 percent. Asia’s fourth-largest economy is on a recovery path on the back of robust exports of chips and autos. Domestic demand and private spending are likely to gain ground despite pandemic uncertainties.

S. Korea ups 2022 economic growth outlook to 3.1%

Source: Korea Herald 

citizens walking around the shopping district of Myeongdong in Seoul. (Yonhap)
Citizens walking around the shopping district of Myeongdong in Seoul. (Yonhap)

Technological Innovation

South Korea has been crowned as the most innovative country in the world. According to the Bloomberg Innovation Index, South Korea was labeled as the world’s most innovative country in 2021. It has been the sixth consecutive year for the country to claim the top spot. Driving its innovation are the entrepreneurial aspirations of the startup founders and unprecedented support for startups from the government and private sector. So definitely in 2022, expect more innovation in several technology areas – metaverse, sustainable & green tech, edutech, content, fintech, robotics, automation, AI, VR, gaming, etc.

What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: 2022EconomyInvestmentsIPOKorean StartupsUnicorns
Previous Post

BioMe Inc. & Yonsei Medical Center sign technology transfer contract for pathbreaking microbiome treatment

Next Post

K-Beauty brand aggregator B2LiNK Corp. to acquire digital skincare community platform Picky Inc.

Next Post
Picky operates a digital K-beauty skincare community.

K-Beauty brand aggregator B2LiNK Corp. to acquire digital skincare community platform Picky Inc.

0 0 votes
Article Rating
Subscribe
Login
Notify of
Please login to comment
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
trackback
Arie Baisch
1 month ago

Arie Baisch

[…]although websites we backlink to below are considerably not connected to ours, we feel they are basically really worth a go as a result of, so possess a look[…]

0
No Result
View All Result

Follow Us

FREE NEWSLETTER

Ecosystem Partners




PRODUCTS

Most Popular

  • 10 K-Dramas to watch for some ‘money matters’

    0 shares
    Share 0 Tweet 0
  • Korean startups to showcase technological proficiency at CES 2023 from January 5 to 8 in Las Vegas 

    0 shares
    Share 0 Tweet 0
  • Top Korean Dating apps that can help you make new connections in South Korea

    1 shares
    Share 0 Tweet 0
  • Three Restaurant Apps to try out for a fine dining experience in South Korea  

    9 shares
    Share 9 Tweet 0
  • Korean webtoon ‘Lookism’ creator ‘The Grim Entertainment’ attracts $9.1 million investment

    0 shares
    Share 0 Tweet 0
  • Seoul Robotics aims for an IPO in 2025, post-Series B funding of $ 25 million

    0 shares
    Share 0 Tweet 0
  • Korean electric vehicle charging solutions startup EVAR awarded ‘Triple-Crown’ in CES 2023

    0 shares
    Share 0 Tweet 0
  • Korean startups creating the K-Beauty buzz worldwide

    11 shares
    Share 11 Tweet 0
  • Korean startup Accelerator & Venture Capital Fund 1Billion Partners continues investing in promising startups despite ‘cold investment season’

    0 shares
    Share 0 Tweet 0
  • Korean Webtoon companies that are giving the audience addictive content

    15 shares
    Share 0 Tweet 0
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Copyright © 2023 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KTO
    • KOTRA
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
  • Investment Opportunities
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • Forums
  • register
  • login

Copyright © 2023 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

wpDiscuz
1
0
Would love your thoughts, please comment.x
()
x
| Reply

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback

dgdfgfdgdf

What you think about Koreatechdesk, Share your idea with us!

feedback popup

Invitation submission has been closed

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.