South Korea’s ‘Silicon Valley’ struggles to live up to its global ambitions

South Korea's Pangyo, dubbed the country's "Silicon Valley," faces challenges in living up to its global ambitions. As the anchor of the nation's tech economy, Pangyo has attracted numerous tech companies and startups. However, its growth is hindered by accessibility issues and intense competition with other tech hubs. The article highlights that while Pangyo has a thriving ecosystem, the lack of public transportation options and limited living spaces make it difficult for the area to attract and retain talent. Additionally, the rise of other tech centers, both domestically and globally, has increased competition for investment and resources. Despite these obstacles, Pangyo remains a crucial part of South Korea's tech landscape, serving as a hub for innovation and driving the country's digital transformation. The article suggests that addressing the area's infrastructure and livability concerns, as well as fostering a more collaborative environment, could help Pangyo better capitalize on its potential and solidify its position as a global tech powerhouse.