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"Berlin-based Internet startup incubator Team Europe is expanding to Asia with the establishment of a &amp;quot;market-watch&amp;quot; office in Seoul, South Korea. \r\n\r\nIt will be headed by German-Korean Ludolf Ebner-Chung, a former McKinsey consultant, with Team Europe partner Markus Fuhrmann overseeing the venture.\r\n\r\nThe idea is for Team Europe to use the new office as a launchpad to expand its activities across multiple Asian regions. So why Korea first?\r\n\r\nFurhmann asserts that Korea has a huge Internet and smartphone environment, and that there are big opportunities for Team Europe to  build successful Internet companies in the region. &amp;quot;It feels like Berlin a few years ago,&amp;quot; he says.\r\n\r\nFuhrmann already started several companies in China before joining Lukasz Gadowski, Kolja Hebenstreit and Steffen H\u00F6llinger at Team Europe as a partner in 2009. The firm's portfolio includes companies like Delivery Hero, HitFox, Mister Spex and Madvertise.\r\n\r\nQuestion is: do they need to change their name now?"^^<http://www.w3.org/2001/XMLSchema#string>
<http://thenextweb.com/asia/2012/05/25/startup-builder-team-europe-opens-office-in-south-korea-as-launchpad-for-asia/>