In a bid to discover and foster promising small and medium enterprises (SMEs) based on intellectual property, North Gyeongsang Province selected six IP startups to support in 2016 on Apr. 6. The six startups include Emsonic Corp., Korea E&T Co., Thuringen Korea Co., Nano Corp., Kwangwoo Co. and Hany

The Korea Exchange (KRX) is taking the initiative in supporting startups. Through the change on articles of incorporation, it will set up the private market to help crowdfunding firms trade their stocks before the initial public offering (IPO) and establish the M&A intermediation network to promote

Drone and RC car developers are to be provided with instant services of mentoring and networking. Gyeonggi Center for Creative Economy & Innovation (GCCEI) and Kyonggi University co-host “K-Champthon” where contestants can make their own drones and RC cars by using arduinos and 3D printers on the fi

An increasing number of global IT giants are supporting the business of Korean startups. For example, Amazon Web Services (AWS) is currently running the AWS Activate, which is designed to help startups expand their business by using platforms of AWS. Startups participating in the program can be prov

South Jeolla Province is eager to seek cooperative exchanges with Sri Lanka in the environmentally-friendly agriculture, culture, tourism and youth sectors.The province announced that Woo Ki-jong, vice governor of South Jeolla Province met Athuraliye Rathana, a politician in Sri Lanka at the provinc

Seoul Semiconductor, a global leading LED components manufacturer from Korea, announced on Jan. 26 that it has signed a licensing agreement for PI-LED technology patents with the Austrian company Lumitech, a leading manufacturer of components for Human-centric Lighting, and is planning to expand sal

Black Yak, one of the top global outdoor brands, has won 11 awards at the International Trade Show for Sports Equipment and Fashion (ISPO) Munich 2016, the largest outdoor sports business trade show in the world, being acknowledged for having potential in the global market. Since many products from

Won&Won Co., a global restaurant chain known for Won Grandma Bossam (boiled pork eaten with a salty sauce and wrapped in greens) and Jokbal (pig feet) with a history of 40 years, successfully hosted a meeting for Chinese restaurant business inspection teams to attract investment on January 21.The co

About 250 Korean small and medium enterprises have pushed into global markets through SK Planet’s e-commerce platform 11st.IT solutions developer SK Planet announced on January 25 that it has supported around 250 SMEs to tap into global markets through its overseas e-commerce platform for six months

Good People Co. is participating in the International Society for Prosthetics and Orthotics (ISPO) Munich 2016 for the first time in the domestic underwear industry, capitalizing on its innovative technology and product power.The ISPO Munich 2016, the largest outdoor sports business trade show in th

It has been found that the total venture investment in Korea hit a new high last year based on increases in both the numbers of venture investors and funds. The number of startup investors showed the largest increase since 2000 as well and the rate of return of matured funds tripled compared to five

Text Factory’s MUNBS service team, which provides a personal assistant service based on text messaging and the Kakao Talk messenger, recently signed MOUs with online-to-offline (O2O) startups. The idea is to assist in the growth of the O2O market by connecting the startups with the orders from the u

The state-run Industrial Bank of Korea (IBK), headed by Chairman and CEO Kwon Seon-joo, announced on Dec. 16 that it provided free consultations for 1,000 companies this year through its “SMEs Hope Consulting Project,” which offers free consulting services in business strategy, taxation and laws to

On Dec. 14, the Ministry of Trade, Industry & Energy and the Small & Medium Business Administration released their plans for technology leakage prevention for 2016 to 2018, and the protection of the technology of small firms covering the same period, respectively.According to the first plan, the min

The Daejeon Creative Economy Innovation Center, jointly established by the SK Group, is set to seek start-ups to enter the Middle Eastern market. With continuous investment proposals from China, it is accelerating the expansion of creative economy models to the global market.The SK Group and the Dae

The Industrial Bank of Korea (IBK), South Korea’s fourth-largest bank by assets, announced on Nov. 23 that it will display and provide consultation about “crowdfunding,” which is rapidly emerging as a new trend in the era of fintech, at Creative Korea 2015.Hosted by the Ministry of Science, ICT and

In a bid to attract global investment in Korean startups and seek business opportunities, K-ICT Born2Global Center hosted an overseas demo day at Marriott Hotel in Santa Clara, California, on Nov. 13 (local time). The event was hosted by the Ministry of Science, ICT and Future Planning (Minister Cho

Uber Technologies, the original online to offline (O2O) taxi hailing service, is tapping into the Korean premium taxi service market again. This puts the company in a tight competition with Kakao’s similar Kakao Taxi Black.Uber announced on Nov. 11 that it will re-launch its previous Uber Black serv

Startups, which are supported by SK Telecom, are commercializing products one by one, entering global markets and attracting investment, showing notable achievements.SK Telecom opened the one-year results of 11 companies, which participated in its “3rd Bravo! Restart” startup support program last ye

Amore Pacific held an opening ceremony for the second Jeju Creative Economy Innovation Center at Jeju Technopark Bio Center on Oct. 27 and started promoting Jeju Island as a “creative island integrating work, rest and culture.”Previously, the company invested more than 100 billion won (US$88.22 mill