Osegi
Startups·2 min read

South Korea Plans 20 AI Unicorns by 2030 With Beyond Unicorn Plan

Seoul will pick high-potential AI startups and move them automatically through funding stages, aiming for 20 AI unicorns and one decacorn by 2030.

Government officials and startup founders on stage at a Seoul deep-tech forum presenting a national AI unicorn growth strategy.
Image: 스타트업 생태계의 모든 것 \'플래텀(Platum)\'

South Korea's government plans to grow 20 AI unicorns by 2030, plus one decacorn valued at 10 trillion won or more, by selecting promising AI startups and passing them automatically to the next stage of support each time they hit a target. The country has six AI unicorns today. The Ministry of SMEs and Startups unveiled the "AI Startup Beyond Unicorn Strategy," drawn up with the National AI Strategy Committee, at the DETO 2026 deep-tech forum in Seoul on November 11.

Selection and milestones

The strategy starts from startup complaints. In a July survey of 215 AI startups, funding (40.9%) and market validation (23.7%) were named the most needed support. Some 60% of growth-stage firms said their biggest problem is that completed technology validation does not turn into real contracts, and 71.4% of scale-up firms struggle to hire because of pay gaps with big tech.

Each year about 50 candidates will be recommended from firms with results in large government R&D projects, startups founded by university or research-institute scientists, and companies backed by large corporations, corporate venture arms or venture studios. The top 20% by investment and hiring results get milestone-based support: meeting goals in private investment, revenue or technology deals moves them straight to the next program. The path runs from TIPS to the Super-Gap project to a "Unicorn Bridge" stage, and firms that complete it can receive more than 10 billion won in R&D and commercialization funds.

Funds, first customers and targets

This year's funds include 175 billion won for early-stage AI startups, 225 billion won in scale-up funds, a 100 billion won unicorn fund for candidates valued at 200 billion won or more, and a 130 billion won global fund. Government "first demonstration and purchase" projects will grow from 40 companies to about 80 next year, adding AI. The procurement agency will introduce separate review criteria for AI innovation products.

The plan also adds joint regulatory sandbox trials, support for AI Basic Act compliance costs, and cooperation with 10 US state governments. By 2030 the government wants 10,000 AI startups, up from 2,000, 350 early unicorns, up from 87, and 50 potential unicorns, up from 12.

According to the Korea Institute for Industrial Economics, the US has 284 of the world's 403 AI unicorns, while Korea has six, or 1.5%. They are Rebellions, FuriosaAI, Galaxy Corporation, Upstage, DeepX and Wrtn Technologies. Minister Lee So-young said the government will back firms to become global AI unicorns and decacorns.

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Tags:south koreaai startupsunicornbeyond unicorngovernment fundingventure capital

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