Seoul has 586 startups in our sample database which represents about 91% of South Korea’s sampled startups. Seoul is the highest-ranked startup ecosystem in South Korea.
In 2023, the startup scene of Seoul shows much promise after advancing in the Global Ecosystem Index by 1 spot.
Understand our ranking methodology and get the latest insights on the startup ecosystems of 100 countries and 1000 cities around the world!
Seoul is ranked within the top 30 startup ecosystems globally.
Seoul’s startups excel particularly in Social & Leisure where it ranks 13 and in Hardware & IoT, and Ecommerce & Retail. Find out more
2023 National Rank & Change | City | Global Rank & Change | Total Score | Quantity Score | Quality Score | Business Score |
---|---|---|---|---|---|---|
1st 0 | 24th + 1 | 31.081 | 00.00 | 00.00 | 00.00 | |
2nd + 2 | 406th + 388 | 0.786 | 00.00 | 00.00 | 00.00 | |
3rd - 1 | 444th - 237 | 0.674 | 00.00 | 00.00 | 00.00 | |
4th - 1 | 498th - 77 | 0.501 | 00.00 | 00.00 | 00.00 |
On our map, you can explore a total of 169 startups for Social & Leisure.
The Hardware & IoT industry in Seoul is ranked 15 globally. There are 80 startups for Hardware & IoT on our sample database and map.
Ecommerce & Retail is ranked 18th in the world. Our database contains 75 startups for this industry.
Within Seoul there is an increased attraction for entrepreneurs to set up their startups in industries such as Social & Leisure, Hardware & IoT, Ecommerce & Retail. These three industries represent about 55% of the startups represented on the Startup Ecosystem Map of Seoul.
Seoul is South Korea's 1st best startup ecosystem and is ranked 5th in East Asia. With a population of undefined, Seoul is ranked th in the world. The city has some notable startup success stories including OP.GG and its startup ecosystem infrastructure is strengthened by organizations such as Samsung and Seolleung.
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