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Analysis How foreign firms thrive in South Korea’s startup ecosystemLower labor costs, highly skilled workforce create opportunities for success — if you know where to look One of the most challenging aspects of running a tech startup is hiring developers. Though the current economic crunch may make things a little easier, there is undoubtedly a long-term mismatch between demand and supply for coding talent, resulting in inflated salaries and bonuses. The California Bay Area is the center of this phenomenon, but similar conditions exist here in Seoul too: Among startup employees, developers are by far the best paid and hardest to hire, as well as the quickest to jump ship. South Korean startups are often at a disadvantage in the competition for coders, unable to pay © Korea Risk Group. All rights reserved. |





