스타트업 2조 투자의 착시…대형 딜 위주로 양극화 심화

South Korea's startup funding reached 2 trillion won in Q1, but this represents a deceptive recovery driven by mega deals rather than broad ecosystem growth—investment counts fell 17.4% while funding surged 55.4%. Capital is heavily concentrated in AI (45% of total) and physical AI sectors, with early-stage funding collapsing 25% as investors retreat to late-stage, pre-IPO opportunities. This structural shift threatens innovation pipelines as emerging startups face a critical funding gap.