SEOUL PUSHES FORWARD
The Seoul metro government is moving to create a tech visa aimed at giving foreign talent easy access to jobs and business opportunities throughout the city , as well as working to create 1,000 incubating spaces for tech startups near business clusters throughout the metro area . “ We are living in times where setting up a new business is more about where you start , rather than who runs the business ,” said the Korean government ’ s Minister of SMEs , Park Young-sun , at a roundtable event back in January . “ Korea was the first in the world to commercialise 5G telecommunication … Against this backdrop , Korea is well matched to be a new land of opportunity for global startups as Asia ’ s tech hub , equipped with advanced infrastructure and technology .”
Companies based in Europe are more and more frequently choosing Seoul as the beachhead for their APAC expansions . German IoT startup Is It Fresh uses Seoul as its basis for APAC operations . Company Director , Park Ji-hyun noted in an interview that , “ We are frequently asked questions about why we , a German-based company , chose Korea to do our business . I always tell them Korea has the fastest mobile download speeds in the world , which means government and company officials here have a high level of comprehension of emerging technology such as big data and IoT .”
SEOUL PUSHES FORWARD
This emphasis on using 5G to drive investment and B2B operations is expected to increase even further in the coming year . In a press conference at the GTI Summit held on July 2 , KT CEO Koo Hyun-mo urged mobile carriers to
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