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Samsung Electronics Spins Off In-House Startups

Samsung Electronics Spins Off In-House Startups

SEOUL, Nov. 5 (Korea Bizwire) — Samsung Electronics Co. announced that it will support three startups created by Samsung employees as part of the company’s in-house venture incubation program, C-Lab Inside. C-Lab Inside was introduced in 2012 to promote a creative corporate culture as well as to explore employees’ innovative ideas. The three startups that [...]

S. Korea to Introduce Multiple Voting Rights for Non-listed Venture Startups

S. Korea to Introduce Multiple Voting Rights for Non-listed Venture Startups

SEJONG, Oct. 16 (Korea Bizwire) — South Korea’s finance minister said Friday that the government plans to introduce multiple voting rights for non-listed venture startups to help shareholders strengthen their control over companies. Finance Minister Hong Nam-ki said the scheme is aimed at encouraging venture startups to get major investment deals, while defending companies against [...]

Gov’t Mandates Public Institutions to Buy 8 pct of Annual Procurements from Startups

Gov’t Mandates Public Institutions to Buy 8 pct of Annual Procurements from Startups

SEOUL, Oct. 7 (Korea Bizwire) — South Korea’s public institutions have been mandated to buy 8 percent of their annual procurements from startups. The Ministry of SMEs and Startups announced that the revised enforcement ordinance of the SME Establishment Support Act was resolved at a cabinet meeting and would take effect from Thursday. Under the [...]

Samsung Heir Vows Support for Startups

Samsung Heir Vows Support for Startups

SEOUL, July 6 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong on Monday vowed support for startups in another on-site visit amid global uncertainties. Lee, the de facto leader of South Korea’s top conglomerate, Samsung Group, visited the tech giant’s startup incubation center in Suwon, south of Seoul, and encouraged workers at its in-house [...]

CUHK Business School Research Finds Individuals with Diverse Skills More Likely to Form Startups and Succeed as Entrepreneurs

CUHK Business School Research Finds Individuals with Diverse Skills More Likely to Form Startups and Succeed as Entrepreneurs

HONG KONG, CHINA, June 26 (Korea Bizwire) - If you have ever been called a “jack-of-all-trades,” you can rest assured the phrase “master of none” isn’t far behind. At the very least, it is often implied. But how relevant is this old saying in today’s business world? Unless you are a jack-of-all-trades who works in an [...]

Make-to-Order Strategy Gains Popularity Among IT Startups

Make-to-Order Strategy Gains Popularity Among IT Startups

SEOUL, April 20 (Korea Bizwire) — More businesses in the IT and startup industry are opting to check consumer demand first before manufacturing products and services as the number of active consumers is on the increase. This way, businesses can effectively reduce the risk of failure and minimize opportunity costs. Class 101, an online education [...]