SEOUL, Apr. 4 (Korea Bizwire) — The mayor of Seoul said Thursday that his government will spend 1.9 trillion won (US$1.67 billion) by 2022 to develop the capital city into one of the world’s top five hubs for startup companies. Mayor Park Won-soon announced the vision in a news conference, saying his government aims to [...]
SEOUL, Apr. 3 (Korea Bizwire) — LG Uplus Corp. on Wednesday opened a 5G Innovation Lab for tech startups to facilitate collaboration in development of innovative content and services for the new telecommunication standard. The nation’s No. 3 carrier said the 5G Innovation Lab will offer a new network environment and service platform as well [...]
Hong Kong, Feb. 28 (Korea Bizwire) — The Hong Kong Cyberport (Cyberport) and the InnoSpace (Thailand) have concluded a memorandum of understanding (MOU) to strengthen bilateral cooperation in supporting the growth of start-ups and their expansion into overseas markets. The signing ceremony was witnessed by Hong Kong Chief Executive Carrie Lam and Thai Deputy Prime [...]
VICTOR, N.Y., Dec. 6 (Korea Bizwire) — Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that Constellation Brands Ventures (CBV), the company’s corporate venture capital group, intends to invest $100 million in female-founded or female-led businesses in the beverage alcohol space and adjacent categories by 2028 through a new [...]
DALLAS, Sept. 4 (Korea Bizwire) — One year ago StackPath, the world’s only secure edge platform, launched StackPath Propel, a program that provides resources, insight, and expert advice to early-stage companies at no cost to them. “It’s been part of StackPath culture since day one to support the startup community and it was a great [...]
SEOUL, Sept. 3 (Korea Bizwire) — The government on Monday launched a 3 trillion-won (US$2.7 billion) fund to invest in promising startups as it seeks to promote innovation-led economic growth. The government has unveiled a set of support measures to boost innovative growth by providing funding and other incentives to eight key sectors, such as [...]
SEOUL, Aug. 6 (Korea Bizwire) — Companies that share similar production processes will be able to finance high-quality “smart” factories cost-effectively by coming together in clusters of five or more. The Ministry of SMEs and Startups revealed yesterday that it would be partially funding the establishment of factories that would benefit companies through economies of [...]
SEOUL, Jul. 31 (Korea Bizwire) — In order to assist startups in the area of system-on-chip (SoC), the government has come up with a support system to help develop what is still a nascent field in South Korea. The Ministry of Trade, Industry and Energy revealed the launch of a “support center for SoC” that [...]
SEOUL, Jun. 14 (Korea Bizwire) — Samsung Electronics Co. launched a new fund through its U.S.-based innovation strategy arm Samsung NEXT on Thursday, seeking to make investments in startups devoted to artificial intelligence (AI) technologies. Samsung NEXT said it has launched the NEXT Q Fund to invest in “early stage AI startups taking on grand [...]
SEOUL, Jun. 7 (Korea Bizwire) — A new payment system will be implemented aimed at addressing one of the top difficulties small businesses face, payment processing charges. Hong Jong-hak, the minister of SMEs and Startups, stated at a gathering relating to the issue today that an innovative payment system is needed to relieve small businesses [...]