Korea’s modern start-ups are taking a marked turn from their predecessors. Instead of basking in local success, they are getting smarter and faster about going global, according to Korean-American venture capitalist Bernard Moon.
That is why he and two founding partners placed their bets on Seoul’s sprouting start-up scene in 2012, and set up SparkLabs, a Silicon Valley-style accelerator for young companies with global potential.
“The landscape has changed because one, you get more bilingual entrepreneurs, and two, they understand that they can’t just take a product and plop it into their second target market,” he told The Korea Herald during a recent trip to Seoul. “The next generation is really looking to go abroad.”[external-link]