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Samsung to Support 21 Local Startups at CES 2021

Samsung to Support 21 Local Startups at CES 2021

SEOUL, Jan. 6 (Korea Bizwire) — Samsung Electronics Co., South Korea’s leading tech firm, said Wednesday that it will support 21 homegrown startups’ participation in the world’s largest tech expo next week as the company vows to bolster its startup incubator programs. Samsung said four projects from its in-house idea incubation program C-Lab Inside and [...]

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 [...]