"Launch of the 'Southeast Mega City Startup Cooperation Project' ... Joint Hosting of the 'Startup Idea Competition'"

Busan, Ulsan, and Gyeongnam startup managers are discussing related projects necessary to form a metropolitan economic zone through startups at the Gyeongnam Provincial Government Office on the 22nd. (Photo by Gyeongnam Province)

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] Gyeongsangnam-do announced on the 22nd that it held the 'Southeast Mega City Startup Cooperation Project Stakeholders Meeting' at the Gyeongnam Provincial Government Office with startup officials from Busan and Ulsan in attendance, agreeing to jointly host the '2020 Southeast Mega City Startup Idea Competition.'

This meeting was arranged to discuss specific projects after 'startup support cooperation' was adopted as a new task at the '2nd Southeast Win-Win Development Council Working-level Meeting' in December last year.

Presided over by the Head of the Startup Innovation Division of Gyeongsangnam-do, the meeting was attended by startup officers from Busan and Ulsan and heads of the Creative Economy Innovation Centers of the three cities and provinces, diagnosing issues in Southeast startup ecosystems and discussing related projects necessary for the three cities and provinces to form a metropolitan economic zone through startups.

Key agenda items for the Southeast Mega City Startup Cooperation Project included ▲2020 Southeast Mega City Startup Idea Competition ▲2020 Southeast Mega City Startup Policy Talk Show ▲2021 Southeast Innovation Startup Support Fund establishment.

The Southeast Mega City Startup Idea Competition will select winners through an integrated final round among startups that have passed regional preliminaries via a unified announcement across Busan, Ulsan, and Gyeongnam, with a separate awards ceremony planned. It was also agreed to hold a talk section to explore revitalizing the Southeast startup ecosystem. The establishment of the Southeast Innovation Startup Support Fund will be discussed in the second half of the year with plans to set it up next year.

Kim Il-su, Head of the Startup Innovation Division of Gyeongsangnam-do, said, "This meeting is part of the 'Southeast Mega City Platform Construction,' one of the three core tasks of this year's provincial administration. We will do our best to ensure that Busan, Ulsan, and Gyeongnam startups lead the new economy of Korea after COVID-19 and become a catalyst for new national balanced development."

This content was produced with the assistance of AI translation services.