Squid Game star Hoyeon Jung, Olympics golden-boy fencer Edgar Cheung Ka-long and skiing sweetheart Eileen Gu were ranked among Forbes' 30 under 30 list of Asia-based entrepreneurs for "trying new ideas, building on success and in some cases starting their own businesses."
"As the pandemic forced other international hubs in the region to shut down, Singapore has managed to attract entrepreneurs from across the region to set up their businesses in the city-state," Forbes wrote. Singapore-based honorees from the UK include Benjamin Harris, 28, founder of watchTowr, and Kushal Patel, 28, co-founder at Una Brands. Other Singapore honorees originated from India, Kazakhstan, Indonesia, Ukraine, Malaysia and Argentina.
The US-based think tank also noted that thanks to strong trade freedom and well-secured property rights, entrepreneurship and innovation thrive in Singapore. The rule of law was also upheld by a high degree of transparency and government accountability, the Heritage Foundation noted. Among the companies that have set up an office or base in Singapore is the Sony Music Group, which announced in March the opening of flagship Southeast Asia headquarters there to support regional and international artists.
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