The Korean government is working to transform the country's economy for another century of success, ultimately raising employment, the GDP and Korea's place in the world. In order to do this, the government is supporting talented entrepreneurs and promising startups, to turn Korea and Pangyo Creative Economy Valley into a global startup hub in Asia.
The top ranked 40 teams selected by the accelerators will be invited to stay in Korea to participate a 3.5 month accelerating program in Pangyo, located in the south of Seoul.
At the end of the acceleration program, the government will host a demo day to select top 20 startups. These startups will get additional financial incentives, and if they choose to establish their businesses in Korea, they will get additional support from the government.