South Korea’s in search of the next unicorn

ONE of the Moon Jae-in administration’s primary goals has been to create jobs and rejuvenate the economy. However, the nation’s conventional growth engines, such as semiconductors, smartphones, and auto businesses are sputtering, while the unemployment rate has hit record lows.

Since these industries aren’t likely to get back on track soon, the government has turned its eyes toward startups, hoping that the industry will be a spark to bolster the cooling economy.