Interesting article about commercial innovation and (lack off) entrepreneurs in Korea. 

 

 

 

Robots, underwater phones, online busses, fast follows and powerful vertical supply chains showed me a different model for innovation.

It’s three in the morning in Silicon Valley, or maybe it’s four. I don’t know. I’m exhausted. It’s been a marathon day of meetings, tours, interviews and promotional videos. The clock on my iPhone is telling me numbers that doesn’t seem to mean anything. Whatever time it is back home in Silicon Valley, its dinnertime in Daejon, South Korea.

I’m in Korea to search for entrepreneurship, startups and the conditions that could foster development of a venture capital ecosystem. I wrote about the rise of China, the post-IT future of Israel, the Russian government’s attempts at starting a venture capital industry, how India’s sagging infrastructure weighed on entrepreneurs, and most recently, how a new breed of investors was looking to tap into Africa. And now I was investigating Korea’s potential as an investment destination and its desire to launch a Silicon Valley-style innovation ecosystem.

 

Read more.... http://www.forbes.com/sites/alexanderhaislip/2012/01/22/korea-silic...

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Simon I also read this article. One comment did stick out to me: the most parents were wishing for their grown up kids to become a -high fly- within a Chaebol like Samsung rather instead to stimulate to become an entrepreneur. Also there seemed to be lack of entrepreneurial spirit among Ph.D students in Daejon, the -Silicon Valley- of Korea. Only one student did reply positive on this question made by the author of this piece.....and this student was a WOMAN. Does have Prof. Emanuel Pastreich in his current Economic Slice here on KBC an extra valid point to stimulate more women into the Korean society?

If you read this article well then its not a wonder that more and more foreigners comes to Korea to fill in this gap. Here in Europe its highly appreciated by parents and by students themselves to go for entrepreneurship. It raise to me the question if the Korean government does not enough to stimulate them or is it just a sort of laziness among these young Koreans? 

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