Albert is one one the most experienced foreigners involved in the South Korean startup scene. His extensive career gives him a full perspective of all the different aspects of this ecosystem.
Today, we are lucky to discuss with him all the relevant matters that a foreign entrepreneur must know if planning to do business in such a unique country.
1. Comparative Ecosystem Analysis and Dispelling Misconceptions:
- Explore key differences between the startup ecosystem in South Korea and in other countries and their impact on success.
- Be aware of the common misconceptions foreign entrepreneurs have about South Korea, and how to avoid them.
2. Financial Support: Fundraising and Government Initiatives:
- Understand how fundraising and financial activities work for startups in South Korea.
- Identify common sources of funding, prominent startup accelerators, and incubators available for foreign entrepreneurs.
- Explore government startup initiatives, tax incentives, grants, and practical advice for successful application.
3. Networking, Collaboration, and Recruitment:
- Discover strategies for building strong relationships, available resources, recommended events, and organizations.
- Uncover the role of the foreign startup community in South Korea, including the benefits and challenges of collaborating with other foreign startups.
- Address recruitment challenges faced by foreign startups and provide insights on navigating the recruitment process, including cultural and linguistic barriers.