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Lab spinoffs\' high-growth rate 9 times higher than regular firms

South Korea\'s Ministry of Science and ICT said on Wednesday that the share of high-growth companies among firms founded on research results from universities and government-funded institutes was 9.3 times that of ordinary operating companies. In a survey of 3,850 surviving lab spinoffs less than 10 years old, 19.5 percent of firms with at least 10 regular workers were high-growth. Average employment rose to 9.6 in 2024 and average revenue to 900 million won.