Korean Startup Scene
To help start-ups to successfully enter the global market, the Small and Medium Business Administration (SMBA) and Korea Venture Business Association (KOVA) planned a “Venture Start-up Coaching Support Group” and held a “Global Business Seminar and Consulting Session” on June 24 at COEX.
Specialists for consulting included successful Korean CEOs of overseas companies and venture capitalists to provide expert advice and working knowledge of successful overseas expansion, business items, and business expertise.
The seminar consisted of four sessions. Sessions 1 and 2 concentrated on how to enter the global market, and Sessions 3 and 4 concentrated on technology and investment. The lecturers and specialists who were invited to the seminar also gave one-on-one hands-on knowledge to start-ups that have difficulties in solving problems on their own. The event also allotted time for presentations of products and businesses that were rated to have the potential to enter the global market.
SMBA Chief of Venture Business Policies Lee Jun-hee said, “To encourage start-ups to have the vision to enter the global market from the start, we are going to assist successful start-ups to reinvest in the new start-ups and pass on the experience of success, and make this into a pattern.”