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But the government has been too slow to remove cumbersome regulations for start-ups, wary of upending the country’s economic order or upsetting powerful labor unions, according to interviews with a dozen entrepreneurs, investors and executives.
That has left South Korea surprisingly resistant to disruptive technologies despite its tech-savvy image, they say.
..............South Korean laws would entirely or partially block about 70 percent of the world’s top 100 startups by investment size from bringing their services to the country, according to joint research by Google Campus Seoul and the Asan Nanum Foundation. Those include giants Airbnb, Uber, and China’s Ant Financial.
More at No Uber or Airbnb in South Korea: Red tape, risk-aversion hobble start-ups
That has left South Korea surprisingly resistant to disruptive technologies despite its tech-savvy image, they say.
..............South Korean laws would entirely or partially block about 70 percent of the world’s top 100 startups by investment size from bringing their services to the country, according to joint research by Google Campus Seoul and the Asan Nanum Foundation. Those include giants Airbnb, Uber, and China’s Ant Financial.
More at No Uber or Airbnb in South Korea: Red tape, risk-aversion hobble start-ups