SEOUL -- This capital city's Gangnam district, the glitzy neighborhood known as the nation's trend-setter, has taken on a new role as a startup incubation hub, supported by the financial firepower of big companies headquartered there.
Such big names as the Lotte group and Naver -- the parent of the chat app provider Line -- have stepped forward to provide funds and office space to promising startups, hoping to branch out into new businesses through partnerships with younger peers.
