The Ministry of SMEs and Startups announced on March 3 that it discussed the establishment of a ministerial-level consultative body with the UAE Ministry of Economy during its attendance at the Investopia global investment event held in Abu Dhabi, UAE, from Feb. 28 to 29 (local time).Investopia is a
Korea Water Resources Corporation (K-water) participated in CES 2024 held in Las Vegas, Nevada, the U.S., from Jan. 9 to 12. It was joined by 19 partner companies, collectively providing opportunities for global market expansion.K-water’s booth attracted numerous global buyers, investors, accelerato
Jusung Engineering, a semiconductor, display, and solar equipment company, has carved a mythical path in the barren land of domestic ventures. This year marks its 30th anniversary. Established in 1993, the company has experienced various challenges but has achieved remarkable growth through continuo
Korea’s entrepreneurial spirit ranked among the lowest in Asia according to a report released by Amway.The 2023 Amway Global Entrepreneurship Report (AGER) reveals comprehensive data on trends around starting a business. The 2023 AGER was released on Nov. 13 in honor of the World Global Entrepreneur
The Ministry of SMEs and Startups led by Minister Young Lee and the Saudi Small and Medium Enterprises Authority headed by Sami bin Ibrahim Alhussaini announced that they held bilateral talks in Seoul on Nov. 7 to discuss the establishment of the Korea-Saudi SMEs and Startups Cooperation road map.Th
A large number of young venture startup CEOs in their 30s and 40s believe that the current inheritance tax should be abolished or lowered, according to a survey.On Oct. 29, the Korea Enterprises Federation (KEF) conducted a survey on the perception of Korea’s inheritance tax system among 140 venture
Smart sustainable cities need to ensure that vulnerable populations are not left behind in the drive for technological progress, international child protection and sustainable development expert Joanna Rubinstein said Tuesday.Addressing a gathering of international mayors of the World Smart Sustaina
The government, in a joint effort with the private sector, is establishing a “Startup Korea Fund” with a total size of 2 trillion won (US$1.51 billion) by 2027 to support the global expansion of deep tech and startups.The Ministry of SMEs and Startups (MSS) announced the “Comprehensive Startup Korea
INMEDIC, a youth-led startup that promotes social inclusion of foreigners through increased access to local medical services, represented the Republic of Korea at the Regional Youth Co:Lab Summit 2023, jointly organized by Citi Foundation and the United Nations Development Programme (UNDP) in Bangko
The Korea Venture Business Association (KOVA) held a global investor relations (IR) program to support venture companies' entry into the German and European markets.The Korea Venture Business Association (KOVA) announced on June 1 that it held a “Global IR Program” on May 31 in collaboration wit
SK Lubricants changed its name to SK Enmove on Dec. 1, 2022. The name change reflected the company's push for a transformation from a lubricant producer to an "energy saving company." The following is an interview that the company's new CEO Park Sang-kyu recently had with SKinno News, the ne
South Korea’s nation brand ranking rose by eight steps to fifth place over the past two years, but the competitiveness indices of the South Korean government and corporations dipped by four notches from 23rd place to 27th, according to data released by the Korea International Trade Association (KITA
OHFA tech, a Korean startup developer of self-learning braille devices and software for the blind and partially sighted people, was selected as the Republic of Korea representative to pitch their business at the Youth Co:Lab Regional Summit 2022 co-hosted by the United Nations Development Programme
The Ministry of Economy and Finance announced on June 15 that South Korea came in 27th out of 63 countries in the national competitiveness assessment of the IMD. In the assessment that started in 1989, South Korea came in 41st in 1999, 22nd in 2011 to 2013, and 23rd in 2021. This year, South Korea s
Hyundai Motor Group’s three key affiliates -- Hyundai Motor Co., Kia Corp. and Hyundai Mobis -- will invest a total of 63 trillion won in Korea by 2025, the group announced on May 24.The domestic investment plan was announced two days after the group's chairman Chung Eui-sun disclosed a plan to
Renowned Korean American serial entrepreneur John Suh said kids have to be allowed to fail in order to succeed, as he addressed parents in Seoul during the second installment of a thought leadership series modeled after TED Talks.The series, dubbed Dulwich Talks after its host pre-K-12 international
FuturePlay, an accelerator based in South Korea, has signed a memorandum of understanding (MoU) with Bandung Institute of Technology (ITB), a leading national university in Indonesia, to cooperate in discovering early-stage startups in Indonesia.The MoU aims to find talented tech-oriented individual
MBK Partners chairman Kim Byung-ju recently joined an online forum of the Alternative Investments Society (AIS) of the London School of Economics and Political Science. There, he mentioned South Korea’s dynamism, China’s huge domestic market and Japan’s accumulated wealth and economic scale as Asia’
The Ministry of SMEs and Startups announced on May 6 that South Korea moved up six notches to ninth out of 44 countries, with an entrepreneurship index of 5.49 on a scale of 1 to 10, in the Global Entrepreneurship Monitor 2020 report of the Global Entrepreneurship Research Association.In the 2020 re
The family of the late Samsung Electronics chairman Lee Kun-hee announced on April 28 its plans for the payment of all the taxes related to inheritance and to make philanthropic donations to uphold his legacy and contribute to the creation of a better society.Pledging to continue the late chairman’s