As of 2022, the South Korea tech ecosystem is continuing on a thriving trajectory.
Thanks to the country’s edge in digital technologies, South Korea has the right cards to play a strategic role at global scale.The presence of startups and scaleups is increasing, and new tech giants are rising. Structural corporate and government support is also providing significant dry power to the local tech ecosystem.
Moreover, South Korea is becoming a fertile ground for advancements in EdTech.
Factoring in the country’s advanced ICT infrastructure, pervasive high-speed connectivity, and wide adoption of digital technologies – combined with one of the world’s largest share of teenagers entering higher education and a relatively high household spending for extra-curricular education – it is not surprising that the country has fostered a lively ecosystem of EdTech startups and scaleups experimenting with new technologies and looking to expand to global markets.
The EdTech revolution is pervasive among Asian countries, and South Korea is at its forefront.
Pushing beyond the traditional definition of “edtech” – i.e. the digitalization of educational programs – South Korean startups and scaleups are experimenting with new models and tools that include immersive experiences in the “metaverse”, non-face-to-face interaction tools, and VR classes tailored to students of different ages.
Strong corporate support – in the form of capital made available through dedicated CVC funds – is coming from both “old” and “new economy” players (including the Korean giant “Megastudy”).
Seoul may become the world’s capital of EdTech.
Following the guidelines included in the “Seoul Vision 2030” plan, the Korean capital city is rapidly expanding its digital infrastructure, including a dedicated metaverse city platform.
By becoming increasingly technically equipped, Seoul may act as the right framework for EdTech startups and scaleups to easily test and implement advanced technologies.
Look no further than our “Scaleup Summit” in Seoul to find among our invited companies some of the most cutting-edge innovations in EdTech, including the following: