Importance of Natural Resources

S. Korea and Israel nurturing ecosystem for ‘global start-up hub’ in Asia and Middle East

south korean israel are the top two to
tough countries rather in terms of venture investment against GDP startups
are at the center of their future industry so nurturing these businesses
is crucial there seem to be several qualities that two sides have in common
that make them startup powerhouses in the Middle East and Asia
Yellen outlines what they are Israel is known as the startup nation meaning the
country basically runs on startups 10% of Israel’s total population of nine
million is involved in a start-up the most startups per capita in the world 4%
of GDP goes into R&D for startups in the tech sector an Israel offers great
inspiration for South Korea in his efforts to become a startup powerhouse
as they have some things in common according to business magazines like
Forbes and entrepreneur the key pillar of Israel’s startup ecosystem is
military experience he says two or three years of mandatory military service
helps people adapt quickly and connect with each other South Korean men also
have to serve in the military for a little under two years like Korea Israel
X natural resources so he focuses on human resources to offset that and now
1.4 million of his people are in the high-tech industry this high-quality
workforce makes a country a lucrative market for foreign investment attracting
some 350 global R&D centers like those of Google and Microsoft these factors
are what foreign investors say is attractive about South Korea and
engineering Korea business is relationship based so it requires a
little bit more time at commitment but then when you get to know your business
partner it’s kind of like a deeper and connections I think Koreans are very
creative in terms of technology we all know it as well in marketing strategies
given this commonality South Korea has been benchmarking Israel startup culture
in ways such as boosting private public cooperation this is a local incubator to
support startup companies it is based on Israel’s technological incubators
program or tip like in Israel the program is run
privately using public funding but this year along with monetary support the
government has pledged some significant deregulation policies which is changing
business environment South Korea is expected to raise its national prestige
once again this time as a global startup hub jung-in arirang news

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