KITA-Gangnam-gu Signed MOU to
Foster Global Statups
KITA and MYSC carried out one-on-one consultations between startups and large
companies at ‘'360° Seoul’ event -
The Korea International Trade Association (Chairman,
Kim Young-joo) signed a‘Memorandum of Understanding (MOU) to foster startups
and support startups’ overseas expansion’ with Gangnam-gu at COEX in
Samseong-dong on May 2nd.
In the signing ceremony was attended by some
30 participants, including Chairman Kim Young-joo of the Korea International
Trade Association, Chief Jung Soon-kyun of Gangnam-gu Office and the committee
members of MICE Cluster.
Through the business agreement,
the two organizations agreed to actively cooperate to ▲ support startups’ exports, ▲ share database
(DB) ▲ provide convenience facilities for startups and
to ▲ establish overseas network cooperation channels
and operate them all year around. They plan to jointly support startups’ online
and offline overseas expansion, find and solve startups’ difficulties, and
carry out joint events such presentation sessions to attract investment.
On the other hand, the Korea
International Trade Association held an exhibition consultation meetings at
'360° Seoul (COEX C-Festival) in cooperation with MY Social Company
(MYSC) for eight social venture startups such as Wehuddling and MONTSENU that
are working on to resolve social problems. They introduced their business models
to the general public and investors, and also carried out one-on-one
consultations with Korean conglomerates who visited the booths.
Lee Dong-ki, the director of
Innovative Growth Center at the Korea International Trade Association, said, “We will make efforts to boost startups and their global expansion.” He added, “We will also support scale-up of
startups and level-up of large corporations through open innovation, even in
the area of social value.”