Background

Key Stats of Ulsan Startup Ecosystem

Startups

Ulsan Top Startup Industries

Transportation
#176 worldwide

11 startups

Energy & Environment
#203 worldwide

28 startups

Hardware & IoT
#307 worldwide

33 startups

Description not available

As Korea's leading hydrogen hub, the city offers startups in this space something rare: proximity to real industrial-scale energy infrastructure and a policy environment actively backing the clean energy transition.

Ranked 13th among East Asian cities with populations under 100,000 in the Hardware & IoT industry.

Ecosystem Rankings

National Ranking

4th

In South Korea

Ulsan stands among Korea's top startup ecosystems, punching above its weight as an industrial city rapidly building a tech-driven entrepreneurial base.

Regional Ranking

32nd

In East Asia

Ulsan was one of East Asia’s biggest climbers and fastest growers in 2026, ranking among the top regionally in both metrics.

Global Ranking

391st

Worldwide

After debuting in the Index last year, Ulsan broke through into the global top 400 this year, rising 155 spots to #391.

Funding Data and Insights in Ulsan

Startup Funding in Ulsan 2017 - 2026

From 2024 to 2025, startup funding in Ulsan has remained stable%. During this period, the number of deals in Ulsan has remained stable%. Since 2017, total startup funding in Ulsan exceeded US$ $0.

Healthcheck Tables

Access comprehensive health metrics and performance indicators for the startup ecosystem.

The Health Check tables provide insights into both the industry positioning and the strengths and weaknesses of a startup ecosystem, based on StartupBlink's ranking algorithm. Covering 1,400+ locations worldwide, this dataset is available on StartupBlink Pro...

IndustryGlobal rankMomentum YoYNumber of Startups

No data found.

2026 National Rank CityGlobal RankTotal Score & National ShareAnnual GrowthQuantity ScoreQuality ScoreBusiness Score
No Data Available