South Korea’s ‘Silicon Valley’ struggles to live up to its global ambitions
Just south of Seoul, in the city of Seongnam, sits what many call the “Silicon Valley of South Korea”: the sprawling tech complex known as Pangyo Techno Valley (PTV), which is just a 15-minute subway ride from Gangnam, better known for its luxury boutiques, K-pop agencies, and neon nightlife in Seoul. Since launching in 2011, the 661,000-square-meter development has evolved into one of the country’s most significant innovation hubs. It’s home to more than 1,800 startups, research centers, and g