South Korea saw a record number of unicorns last year


The number of unicorns in South Korea rose to 18 in 2021, a record high, according to government data.South Korea had 18 unicorns as of December 2021, an increase of five from the previous year, Yonhap news agency reported on Thursday, citing data from the Ministry of Small and Medium Enterprises and Start-ups.In 2017, There were only three unicorns in South Korea.Unicorns typically refer to unlisted start-ups valued at more than $1 billion.Last year, seven new unicorns emerged in South Korea, including Market Kurly, an e-commerce platform for fresh food, while two companies, including Hanling Network Technology, lost their unicorn names after listing in the U.S. and South Korea.According to Yonhap news Agency, South Korea ranks 10th in the number of unicorns in the world, while the United States leads the world with 489 unicorns.Source Xinhua News Agency editor Chen Zhaohui editor Fan Zhaoquan Liu Hao

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