![Pangyo, south of Seoul](https://webarchive.archive.unhcr.org/20170808032803im_/https://ichef.bbci.co.uk/news/640/cpsprodpb/113D3/production/_88511607_88511606.jpg)
Could South Korea be the new Silicon Valley?
How do you build a hi-tech industry?
In South Korea at least - you pour $70bn into it, in a bid to generate new businesses.
The government effort will focus on the city of Pangyo, south of Seoul, where there are already many hi-tech companies.
The idea is to offer help to young entrepreneurs at a special centre the Korean media likens to Silicon valley. The BBC's Korea correspondent Stephen Evans reports.
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01 Mar 2016
- From the section Business