Two complexes dedicated to providing greater support for startups have been launched in South Korea so far.<br />And now a brand new one will be built in Seoul... as part of an ambitious plan to form clusters that can generate a synergy effect for innovative growth.<br />Kan Hyung-woo has the details.<br /> <br /> The Ministry of Strategy and Finance laid out plans to build a third startup complex in Seoul's Mapo-gu District in a bid to further boost promising local startups established by founders under the age of 40.<br />The new startup complex is the third of its kind in Korea... following the one in Teheran-ro in Seoul's Gangnam-gu District and the one in Pangyo Techno Valley in Gyeonggi-do Province. <br /> Through its Mapo startup incubator, the ministry expects some three-hundred local startups that have been established in the last seven years... to move into the complex starting October next year.<br />Startups that are moving in will be eligible to receive a wide range of support, from financing to networking and consulting services for overseas expansion, for a period of up to three years.<br /> The ministry says the complex will be located near Mapo's Gongdeok Station... where the Korea Credit Guarantee Fund Mapo office is currently situated.<br /> The 20-story building has a total floor space of 36-thousand-300 square-meters... making the new startup campus the largest in Korea... and on par with the Station-F startup campus in Paris. <br /> The ministry says the Mapo-gu District where the new startup incubator is to be built... is also near the college campuses of Seoul's Sinchon district... and the city's financial hub of Yeouido.<br />The location will make it easier to offer courses on how to build startups... as well as setting up 'fin-tech' research labs for strengthening cooperation with other businesses.<br />Kan Hyung-woo, Arirang News. <br />
