Professors Marc Meyer and Chaewon Lee gave a talk on Entrepreneurship in South Korea, citing recent data on entrepreneurial activity and their own impressions of challenges and opportunities. They also discussed ventures they are mentoring at present, including several corporate spinouts. The startup scene in Pango-yo, a major tech cluster adjacent to Seoul, is burgeoning, even during this pandemic.

About the Speakers

Chaewon Lee is Professor of Business Administration at Seoul National University of Science and Technology, participating in the design and delivery of programs for the Ministry of ICT and the Ministry of SMEs and Startups. She is a leading entrepreneurship professor in South Korea and has also been a Visiting Professor at Northeastern University and Babson College.  

Marc Meyer is the founder of Northeastern’s Entrepreneurship and Innovation Group and is the Managing Director of the Center of Entrepreneurship Education, which is 2020 winner of the Outstanding Contributions to Venture Creation Award by the Global Consortium of Entrepreneurship Centers. Its incubator, IDEA, has helped Northeastern entrepreneurs launch about 100 companies that have raised more than $200M in venture capital. Marc is more broadly known for his research in product and technology platforms, earning him the “Practice Impact” Award in 2019 from the Academy of Management for lifetime achievement in research and theory that has had a significant impact on managers, organizations, and society.   

Marc Meyer and Chaewon Lee give a talk

Marc and Chaewon have an active collaboration to improve entrepreneurship teaching around the world. Their book Venture Discovery is used today throughout Universities in South Korea and supported with a country-wide teacher training program. Their latest book, Personal Discovery Through Entrepreneurship, is designed for early learners and is supported with teacher training programs in India and the Philippines.  They are also completing a new book, Innovation with Entrepreneurs, to be published in 2021 through a more traditional, Western educational venue. When in Korea, they work as Mentors in the K-ICT Mentoring Center with high potential ventures with global scaleup potential.