SYDNEY, Australia, May 2 (Korea Bizwire) — As part of its third annual YPO Innovation Week, YPO will host Angels and Unicorns in Sydney, Australia, convening business leaders around the world to explore the best ways to invest in the unicorns of tomorrow. YPO Innovation Week is a series of more than 50 events conducted [...]
SEOUL, Apr. 25 (Korea Bizwire) — South Korean companies operating in China are being encouraged to make use of the Chinese government’s support for the creation of intellectual property. Speaking to South Korean business owners and students during a forum in Shanghai on Sunday, Seo Dong-wook, the director of the Shanghai branch of the Korean Cultural [...]
SEOUL, Mar. 22 (Korea Bizwire) — The government said Thursday it will invest heavily in the renovation of old industrial complexes across the country in the coming years so they can serve as incubator venues for startups set up by young people. The Ministry of Trade, Industry and Energy said it will put 132.8 billion [...]
SEOUL, Feb. 26 (Korea Bizwire) — The government said Saturday that it will extend exemptions on various charges for manufacturing startups, translating into sizable benefits going forward. The Ministry of SMEs and Startups said the recent passage of the small and medium enterprise (SME) support plan through parliament will permit newly founded companies to be [...]
SEOUL, Nov. 30 (Korea Bizwire) – The government said Thursday it will launch a state investment fund worth 4 trillion won (US$3.7 billion) next year for startups, in a fresh move to support young entrepreneurs in emerging industries. Officials at the Financial Services Commission (FSC) said the state-run Korea Development Bank will invest 850 billion [...]
SEOUL, Sept. 8 (Korea Bizwire) – Government funding for startups is bearing fruit after a report released on August 9 by the Korea Institute of Startup and Entrepreneurship Development and the Ministry of SMEs and Startups revealed that government-sponsored startups had hiring increases that were five to six times higher than at small and medium-sized [...]
GYEONGGI, Aug. 26 (Korea Bizwire) — The Gyeonggi Economy & Science Institute has selected twenty business startups in the companion animal industry for the first time this year, and has started to help them develop new products. The selected startups possess new technology and outstanding ideas in premium pet food, health care products, beauty supplies, [...]
SEOUL, March 13 (Korea Bizwire) – Global pharmaceutical companies are seeking to join hands with local startups as part of their effort to increase research and development (R&D) productivity, industry officials said Monday. The move is part of their effort to adopt “open innovation,” a network of collaboration with external institutes and individuals, as opposed [...]
SEOUL, July 20 (Korea Bizwire) – ‘Open innovation’ refers to a company’s innovative means to develop a new product or service by sharing and accepting new knowledge and ideas from other companies or start-ups that have developed groundbreaking technology. The practice is becoming increasingly common in the Korean pharmaceutical and biotechnology industries. In the past, innovations were [...]