Known for its deep-rooted history, bustling markets and world-famous entertainment industry, the city is now firmly positioned as a leader in artificial intelligence (AI), robotics, semiconductor manufacturing and smart city development.
Seoul at glance
As a global city, Seoul seamlessly blends tradition with cutting-edge technology. While historic sites such as Gyeongbokgung Palace, Bukchon Hanok Village and the vibrant Namdaemun Market attract millions of tourists, the city’s digital transformation is visible everywhere. From 5G-powered smart transportation to AI-driven customer service, Seoul has embraced technology like few others.
Tech titans, rising stars
Beyond these corporate giants, Seoul’s start-up ecosystem is flourishing. The city has been the birthplace of several innovative companies making waves in AI, biotechnology, fintech and gaming. Among the most notable start-ups are:
➤ Coupang: Often referred to as South Korea’s Amazon, the e-commerce giant revolutionised logistics and delivery with AI-driven fulfilment centres.
➤ Viva Republica: A fintech unicorn and operator of the financial super-app Toss that transformed South Korea’s digital banking and payment landscape.
These companies, along with hundreds of others, have benefited from Seoul’s emphasis on fostering innovation through financial incentives, research grants and world-class infrastructure.
Seoul’s meteoric rise as a technology hub is no accident. It is the result of strategic government policies, world-class infrastructure and a highly skilled workforce. The South Korean government actively promotes technological innovation through initiatives such as the Digital New Deal, a multi-billion dollar programme aimed at boosting AI, cloud computing and smart city technology.
The government has also established start-up-friendly policies to encourage entrepreneurship. The Seoul Start-up Hub, Pangyo Techno Valley and COEX are just a few of the city’s innovation centres that provide funding, office space and mentorship programmes for emerging businesses. These incubators have played a crucial role in nurturing start-ups, allowing them to scale up and compete on the global stage.
What sets Seoul apart from other tech cities is its culture of innovation and long-term commitment to technological progress. The South Korean education system places a strong emphasis on science, technology, engineering and mathematics, producing a highly skilled workforce that fuels the country’s tech industry.
Seoul’s government also actively collaborates with tech companies, providing tailored support to help them thrive. For instance, Naver Labs has been testing its autonomous delivery robots within controlled environments, such as its headquarters and select commercial areas, as part of broader smart city initiatives.
Beyond government support, Seoul’s private sector has embraced risk-taking and experimentation. The city’s gaming industry, led by companies such as Nexon and NCSoft, has pushed the boundaries of virtual reality and AI-driven gaming experiences. Fintech firms have disrupted traditional banking models, with digital-only banks such as KakaoBank gaining massive adoption.
Seoul’s transformation into a global tech hub is far from over. The city has set its sights on becoming a leader in AI, blockchain, biotechnology and smart mobility. Investments in green technology and sustainable innovation are also on the rise, with ambitious goals to become a carbon-neutral city by 2050.
With its blend of government support, corporate innovation and entrepreneurial spirit, Seoul is poised to shape the future of global technology as it continues to push the boundaries of what is possible.
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