It’s no secret that in the last few years South Korea has begun to position itself at the center of the tech world, slowly developing a community that broadly nurtures startups and innovation.
Therefore, it came as no surprise when Google Inc GOOGGOOGL announced it would be opening a campus program in Seoul, a space for budding entrepreneurs to seek guidance and opportunity. Google’s South Korean installment will join other campuses in London, Tel Aviv, Warsaw and Sau Paulo.
“Korean innovators and entrepreneurs are some of the best in Asia and Korean startups are making headlines around the world, especially in the mobile space,” Bridgette Beam, program manager at Google for Entrepreneurs, said in the campus’ August 2014 announcement.
“We want to support this booming community of entrepreneurs.”
The announcement of the Seoul campus was the latest Google-driven charge into the tech culture of South Korea. For the last few years, the corporation had its hand in numerous South Korean programs designed to foster startups, from the Global K-Startup Program to the massive, worldwide Startup Weekend, which has proven to be a veritable startup factory.
Once Campus: Seoul is up and running, it will offer “unparalleled access to mentorship and trainings led by their local startup community, experienced entrepreneurs and teams from Google.”
Market News and Data brought to you by Benzinga APIsRealistic Expectations
A Google representative told Benzinga that the company firmly plans on opening its campus doors in Seoul in the first half of 2015. Looking beyond the campus' open, the question becomes: What are the implications of Google embedding itself not only in one of South Korea’s largest cities, but the homebase of much of its tech innovation?Global Implications
The possibilities of Google Campus stretch even further than Seoul, further than South Korea. The Campus programs are described by Google as places for “entrepreneurs to learn, connect and build companies that will change the world.” The worldwide implications of a Seoul Campus may be the most promising yet. For one, Seoul has benefits that the rest of the world simply does not have. The Internet speed in South Korea is the fastest in the world, soon to be even faster. This obviously helps in a practical sense, but it also ensures the demand for online content such as mobile apps to constantly be sky high.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Posted In: TechBridgette BeamGlobal K-Startup ProgramGoogle Campus: LondonGoogle Campus: SeoulGoogle For EntrepreneursSeoulSouth Korea
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