Korean Startup Ecosystem Report 2025
Published by The Garrison · Not sponsored · Not promotional
These reports explain why global expansion fails in Korea.
They are based on data and real cases.
Korea has a lot of startup money.
But it is hard to enter real global markets.
In the last 5 years, more than USD 10 billion has been spent on startups.
Less than 4% went to real global market access.
Startup exports exist.
But they are only about 1.3% of total startup revenue.
Many Korean unicorns were created before strong government support.
Most exits depend on IPOs.
IPO results have been weak in recent years.
These reports are not ads.
They are not policy documents.
Operators write them.
Not by policymakers.
They are not for founders looking for funding.
They are not for programs looking for praise.
They exist to answer one question:
Is the real problem being ignored?
And if so, should anyone get involved at all?