Why so little Korean web companies get Techcrunched
Posted on Joop
Most Koreans are addicted to the web, I wondered; Seoul must be a breeding place for new web ventures? I approached Chang W. Kim, to get an idea of what is going on. Chang is CEO of the biggest blog portal (80%) in Korea. He explains his views on European projects, the Seoul web-scene and funding in his region.
Chang: “I think it can be said that the startup industry in Korea is still relatively small, although there is a web climate in Seoul, entrepreneurs meet at barcamp meetings, we have something similar to lunch 2.0 and there are conferences. However, from the investors side, there are not enough good startups in this region.”
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