[2026-01-21]Startup Numbers Rise in 2023, but Revenue and Employment Decline
In 2023, the number of startups in Korea reached 4.902 million, marking a third consecutive year of growth, but both employment and revenue declined.
Tech-based and youth-led startups drove the increase, with 83.2% of founders leveraging prior work experience.
Despite broader startup activity, challenging business conditions and funding difficulties persist, while the government plans to boost support funding to KRW 3.5 trillion in 2026.