There is a considerable wage gap between small and medium-sized enterprises (SMEs) and big enterprises in South Korea.During the “Debate on the Easing of Wage Gap between SMEs and Conglomerates and the Improvement of Productivity” held at the building of the Korea Federation of Small and Medium-size

Attocube (http://www.attocube.co.kr/) announced on March 17 that the company registered the Attocube Private Instructor Certification System through the Ministry of Education. The system helps children to develop their imagination and creativity while creating various patterns with eco-friendly wood

Start-up FITT (https://www.fitt.kr) announced on March 15 that the company was visiting the UK and Germany as part of an overseas market development and market research program of the Gyeonggi Innovation Center from March 5 to March 18.In the UK, FITT made presentations for investment purposes at ac

Visualcamp was recognized for its technology by exhibiting its VR eye tracking technology at the Mobile World Congress (MWC) 2017 held in Barcelona, ​​Spain on February 27 (local time).The start-up support agency K-ICT Born2Global Center said that VR eye tracking technology of the center’s Visualcam

Korea and Thailand will move forward with cooperation between small and mid-sized Korean and Thai companies to promote small and mid-sized Korean companies’ entry into the ASEAN market.The Korean Small and Medium Business Administration (SMBA) announced on March 1 that it discuss ways for cooperatio

When you rush to leave home in the mornings and see an umbrella, you suddenly become curious about the weather forecast. But, it is often inconvenient to take your cellphone out of your pocket and check the weather forecast. Connecting that experience, a South Korean startup “Opus One” has developed

The Small and Medium Business Administration (SMBA) of South Korea announced on February 13 that it would raise a fund of funds of 735 billion won (US$625 million) this year, up 21.5% from a year earlier.520 billion won (US$442 million) is scheduled to be borne by the SMBA while the Ministry of Cult

K-ICT Born2Global Center (Born2Global), a major Korean government agency supporting startups under the Ministry of Science, ICT and Future Planning (MSIP), announced that Salted Venture, a member of Born2Global, reached the top position in the health and fitness category at the ISPO AWARD 2017 held

According to the Financial Services Commission, a total of 116 small and medium-sized enterprises (SMEs) and venture firms in South Korea financed 18 billion won (US$15 million) during the first year of crowdfunding in the country and the ratio of successful financing reached 46.4%. For reference, t

Gyeonggi Center for Creative Economy and Innovation (GCCEI) has been a new buzzword in town because of its unique model of the collaboration between the Korean central or local governments and large businesses, attracting many high-ranking officials from abroad. The President of Bulgaria, the Prime

Ssenstone (www.SSenStone.com), a security authentication solution provider announced that the company aimed to reach 5 billion in sales at home overseas and 2 billion won in sales abroad this year in a meeting at Hanhwa Life Pin Tech Support Center in Seoul on January 5. “We will strive to post 10 b

The Small & Medium Business Administration and the Ministry of Trade, Industry & Energy announced the launching of their Hidden Champion Project for this year on January 4. The project is divided into the World Class 300 & Global Industry Leader Project and the Global Hidden Champion Project.The gov

BBuzzArt, a developer of a global art social platform, successfully induced KRW 2 billion won worth of investment.K-ICT, a start-up support-specialized organization, announced on January 4 that BBuzzArt, its member company attracted 2 billion won in Series A investment from POSCO Technology Investme

The Small and Medium Business Administration (SMBA) and the Korea Venture Business Association (KVBA) officially opened a platform for trade brokerage with foreign buyers to promote Korean small and venture companies’ export on January 2.The official name of the platform is 'Global Ventures', a plat

Regardless of economic recession, innovative products made by venture firms have been selling like hotcakes.According to “2016 Venture Firm Survey” released by the Small and Medium Business Administration and the Korea Venture Business Association on December 28, venture businesses has shown remarka

By 2020, the Korean government unveiled its vision to foster 1,200 Tech Incubator Program for Startup Korea (TIPS) business foundation teams and draw 3.8 trillion won (US$3.4 billion) in private investment, fostering 50 global star ventures.On December 15, the Small and Medium Business Administratio

The Small and Medium Business Administration (SMBA) and Korea Venture Investment signed a memorandum of understanding (MOU) with France-based venture capital firm Idinvest Partners on December 13 to create a joint fund worth 120 billion won (US$102.83 million).Idinvest Partners, Europe’s leading ven

Blocko (https://www.blocko.io/index_en.html), a blockchain startup, announced on December 12 that its blockchain development platform “CoinStack v3.0” received the First Class Good Software (GS) Certificate, the first of its kind in blockchain software industry.The GS certification is a state-author

The Gyeonggi Center for Creative Economy and Innovation (GCCEI) announced that its incubated seven startups participated in a pitching event held at the Uppsala Innovation Center (UIC) in Sweden on Dec. 8 (local time). The event was organized by Gyeonggi Small and Medium Business Center (GSBC) and K

Harman, a US-based company recently acquired by Samsung Electronics for US$ 8 billion, invested in a US head-up display start-up. This is the first investment move by Harman since Samsung’s acquisition of Harman. People are paying attention to whether or not synergies between Samsung Electronics and