Google will provide support to new entrepreneurs in South Korea.
The company has announced its plans to establish a start-up community called "Campus" in Seoul in the first half of next year.
Kang Yoon-seung from Yonhap News Agency notes that the campus will open in the Gangnam district of Seoul. However, the exact date has not yet been decided.
Once up and running, this facility will support new entrepreneurs in the country regardless of business area and will help build thriving eco-systems for startups.
John Lee, who heads Google Korea, told press last month that he believes South Korea has the growth potential similar to Silicon Valley in California.
Google Seoul Campus aims to provide support to any ambitious, potential startups. Visitors to this venue will also get an opportunity to seek mentorships and interact with other entrepreneurs with similar goals and ideas.
First campus in Asia
The Seoul campus is the first to be established in Asia, and its size will be similar to Campus London.
Google went live with this Campus concept in London in March 2012. This venture was successful and in its first year this initiative provided startup programs to about 70,000 participants.
Encouraged by its success Google unveiled its second facility in Tel Aviv, Israel in December 2012.
The campus in Korea is the firm's third and it will leverage Google's global network to provide participants with a variety of opportunities.
The opening of Campus Seoul, will boost the country's creative economy drive, which focuses on generating new business opportunities by converging various industries.
"There are no boundaries for business sectors at Campus. An entrepreneur can even come up to and make an application that works only on the iOS platform, and not on the Android," Google's Global Entrepreneurship manager Bridgette Beam told Yonhap News Agency. "We don't need to filter any startups."