Korea has emerged as a major startup hub in Asia, driven by factors such as its tech-savvy population, strong mobile infrastructure, and cultural exports. The ecosystem is supported by accelerators, investors, co-working spaces and government programs. Popular startup categories include gaming, e-commerce, and social media platforms. While exits still rely heavily on IPOs rather than acquisitions, the number of unicorns and regional expansion signal continued growth of entrepreneurship in Korea. Barriers such as cultural challenges to mergers and acquisitions may need to be overcome for the ecosystem to further mature.