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South Korea AI startups face 56% survival rate, heavily reliant on government funding

Jessica Tsai, Taipei; Jingyue Hsiao, DIGITIMES Asia 0

Credit: AFP

South Korea aims to be a leading AI powerhouse, yet a report from the Korea Industrial Technology Association (KOITA) shows that only 56% of its AI startups last over three years. These companies rely significantly on external funding, highlighting...

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