NEW YORK, Feb. 20 (Korea Bizwire) – Network for Teaching Entrepreneurship (NFTE) selected the top finalists in its World Series of Innovation (WSI), presented by Citi Foundation. Finalists represent the top 10 teams in each of WSI’s 10 challenge categories. WSI encourages entrepreneurship and innovation in youth ages 13 to 24, prompting them to solve global challenges in alignment [...]
SEOUL, May 25 (Korea Bizwire) – South Koreans are among the least interested in pursuing new business ventures, as many still fear failure could result in the loss of their entire savings. Among 34 OECD member countries, South Korea ranked 33rd in business opportunity perception, ahead only of Japan, according to the report ‘Small, Medium, Strong: [...]
SEOUL, Feb. 8 (Korea Bizwire) – Last year was a good one for new businesses, with entrepreneurs establishing a record 96,155 new ventures for a year-over-year increase of 2.5 percent from 93,788 in 2015. According to the Small & Medium Business Administration, the annual number of new businesses has been rising since 2008, which recorded [...]
LAS VEGAS, Jan. 6 (Korea Bizwire) – Samsung NEXT (formerly Samsung Global Innovation Center) today announced at CES the creation of the Samsung NEXT Fund, a $150 million venture capital investment fund, to increase Samsung’s global support of early stage startups pursuing advanced software and services innovation. The Fund enables Samsung NEXT to build upon [...]
WONJU, South Korea, July 5 (Korea Bizwire) – As most highway rest areas in Korea offer a great variety of eateries, they are becoming the perfect place for young entrepreneurs to start their businesses, just like an ‘incubator’. The Korea Expressway Corporation’s Gangwon Regional Headquarters announced on Tuesday, July 5, that it is holding a contest [...]
WEST LOS ANGELES, Calif., Sept. 18 (Korea Bizwire) — It is not a secret that some of the best universities and colleges are located in California. It’s not by accident. West Los Angeles College (West) located in the hills of Culver City (see picture) is the Jewel of the California Community Colleges, a collection of [...]
TIANJIN, China, Jul. 30 (Korea Bizwire) — Entrepreneurship is the focus at the Binhai CBD with a couple of exciting new additions launching this summer. Startups will find a home in a new business incubator, called ‘BeginingSpace’, developed in collaboration with Tianjin New Cultural and Financial Technology Development Co., Ltd., that will formally launch in [...]
SEOUL, Nov. 20 (Korea Bizwire) – Korean parents want their children to become public officials, though they think entrepreneurship is important for our society, according to a Korea Economic Research Institute study surveying 2,000 Korean adults. When respondents were asked what kind of job they or their children would like to have, 34 percent answered [...]
SEOUL, Korea, Oct 31 (Korea Bizwire) – There are many clichés about change: “It is not the strongest of the species that survive, but the one most responsive to change” or “The only thing constant in life is change.” It seems some Korean companies are taking these lessons to heart and indeed try hard to change. [...]
SEOUL, Korea, Oct 21 (Korea Bizwire) – The turnover rate for office workers is quickly on the rise. According to data published by the Korea Employers Federation last year, the percentage of newly hired workers with college degrees to quit within one year of employment has shot up to 23.6 percent from 15.7 percent in [...]