Nowadays, South Korea has proven to be one of the most rapidly advanced technological countries due to its high percentage of economic output devoted to R&D, innovation, technology improvements and great network of all these institutions for cooperation. Korea calls for a more robust ecosystem led by smaller firms have also been rising. Korea's technology and startup ecosystems are becoming Asia's leading startup hub just after a half a century being at par economy with Ghana's. The paper will start by providing a profound research on the startup definition and its origins. Later we will explain why South Korea has one of the World's most extraordinary social and economic development history rising from the very bottom to the top of international rankings. The aim of this paper is to analyze the Korean pro-business government approach for technological innovation. In order to obtain this analysis we will have to analyze the startup ecosystem of the country. Education system, R&D, patents, investors, accelerators, incubators and networking events create unique experience within the startup ecosystem. We will analyze if all these is actual situation from the founders of the startups side conducting interviews and analyzing the outcome. To sum up we will provide a conclusion regarding the relevance of the Korean market as one of the most up-to-date for startups and suggestion for improvement of the efficiency
