South Korea's Startup Culture Marred By Misguided Ambitions

South Korea’s startup culture has been gaining more attention as of late. According to Korea’s Small and Medium Business Administration, the number of startups in the country soared to roughly 30,000 as of January this year, up from a mere 2,000 some 16 years ago. And among that group, 63 have risen to No. 1 in terms of market share in their respective industries.