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From VOA Learning English, this is the Economics Report. The American technology company Google recently set up its first office center, or campus, in East Asia. Google officials want the training center in Seoul, South Korea, to support people who are starting up new Internet businesses. They hope this will lead to more Korean high technology programs in the world market. In return, the company wants more ties to the Korean market. Campus Seoul is in an office building in Seoul’s Gangnam neighborhood. It will have 2,000 square meters of open office space for Korean Internet entrepreneurs to work.
Google’s expectations for the campus, however, are much bigger than the relatively small space. The company wants to make it a place for new ideas in Asia. Mary Grove is director of Google for Entrepreneurs. She says that at Campus Seoul, Internet program developers will get support, mentoring, possible contacts, and help finding investors. She says the company is providing this supportive environment without cost. South Korea is one of the few countries in the world where Google is not the top Internet search engine. The Korean company Naver has a larger market share. Google operates similar centers in London and Tel Aviv, but this is the company’s first campus in East Asia. Google says its London campus has helped startup companies create 18,000 new jobs and get over $110 million dollars in investments. Google decided on Seoul because it has some of the fastest Internet speeds, and many talented, well-educated engineers. The city also has one of the highest percentages of smart phone users in the world.