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Korea’s Change from a Conglomerate- to a Start-Up-Nation: A Comparison of the Korean and German Start-Up Scene

CONNECTING STARTUP CITIES

Wednesday, 25.05.2016, 11:00 - 13:00

Location: ESMT (European School of Management and Technology)

Address: Schlossplatz 1, 10178, Berlin, Deutschland

Host: OAV - German Asia-Pacific Business Association

Language: EN

Description: In Germany and Korea the number of small and medium sized enterprises (SME) is 99 percent. SMEs are very important for both national economies. In Germany SMEs provide 79 and in Korea 88 percent of all jobs. Their contribution to GDP is 54 percent in Germany and 49 percent in Korea. However, start-ups are distinct from newly founded SMEs in their innovative focus, fast growth and high risk of failure and depend on favorable settings which are provided by such success factors as a pool of talents, good funding and government initiatives. As stated by Compass Inc. in their “Startup Ecosystem Report” the top ten ecosystems for start-ups are situated in North America and Europe alone whereas according to the “Asia Global Technology Trends & Startup Hubs Report” by SparkLabs Global Ventures LLC they are also located in Asia. Sparklab’s ranking presents a rather different picture and a new trend. Asian ecosystems for start-ups have become significantly more dynamic and numerous in recent years. Following the top five ecosystems, which are situated in North America and Europe are Tel Aviv, Peking and Seoul. Berlin and Seoul both have succeeded in moving fast from top regional to top global start-up ecosystems in the last three years: Berlin ranks fifth and Seoul eighth. Panelists from Korea and Germany will shed light on the aspects which turned Berlin and Seoul to top global start-up ecosystems. Speaker: Koen Lenssen, Tengelmann Ventures Paul Schwarzenholz, Co-founder Flaconi Andrea Joras, Berlin Partner Professor Dr. Niels Pinkwart, Humboldt University in Berlin. Bernard Moon, SparkLabs Global Ventures Ludolf Ebner-Chung, CEO of ”naldo” Dr. Gi Won On