Recruitment of Resident Companies at Songpa ICT Youth Startup Support Center

Until June 16... Young Entrepreneurs Say "Affordable Costs and Professional Consulting Are a Great Help"

Young entrepreneurs residing in Songpa ICT Youth Startup Support Center and Park Seong-su, Mayor of Songpa-gu (center) - July 1, 2019

[Asia Economy Reporter Park Jong-il] # The startup ‘Yeoldudal’, which began with an idea from a food truck 4 years ago, has partnered with Google Korea, Kia Motors, and Asan Nanum Foundation. The company operates the catering platform app ‘Fooding’, delivering meals regularly to companies without cafeterias. Within 8 months of service operation, it has achieved a cumulative order count of 10,000, transforming many office workers' lunch hours. Having worked with Songpa ICT Startup Support Center for 1 year and 6 months, generating cumulative sales of 1.4 billion KRW, it has established a growth foundation and is now preparing for new challenges in a new location to expand its business.

# “It was not easy to give up the advantages of low costs, geographic conditions near subway stations, and professional consulting support, but I believe it is time to make room for younger and more creative entrepreneurs.” This is the final message from Song Sun-young, CEO of the eco-friendly lunchbox container manufacturer ‘ForGreen Solution’. She recently moved to a larger space due to business expansion and hopes that more juniors will realize their entrepreneurial dreams through the Songpa ICT Startup Support Center.

Songpa District Office (Mayor Park Sung-soo) announced that seven companies will graduate from the ‘Songpa ICT Youth Startup Support Center’, a cradle for youth entrepreneurship, in June, and that new entrepreneurs and companies will be recruited.

The selected candidates this time include 2 teams who will use individual company offices and 8 users of open office spaces. They can use the facilities by paying a management fee of about 30,000 to 50,000 KRW per month per person for a period ranging from 6 months to 2 years. Companies selected through a separate screening can move in starting July.

Any company or prospective entrepreneur under the age of 39 with ideas in fields utilizing ICT and other technology patents such as broadcasting, information and communication, radio waves, and software can apply.

Entrepreneurs wishing to move in should submit the application form and attachments by June 16 via email (ict@gef.kr). Refer to the ‘Notices and Announcements’ on the Songpa District Office website or contact the Songpa District Office Job Policy Division or Songpa ICT Youth Startup Support Center by phone for inquiries.

The district operates the ‘Songpa ICT Youth Startup Support Center (11th floor, West Building, 135 Jungdae-ro)’ to support young people seeking breakthroughs through startups.

Since its opening in December 2018, it has provided spaces such as offices, meeting rooms, and rest areas, and supports resident companies through the Global Youth Entrepreneurs Foundation, a specialized startup nurturing institution, by facilitating networking, investment attraction, and basic startup education.

Over the past 1 year and 6 months, 34 companies have moved in, achieving sales of 4 billion KRW, creating 284 jobs, and registering 66 patents and utility models.

Mayor Park Sung-soo said, “It is meaningful that more young people continue to take on challenges despite difficult times,” adding, “We will strive to support more young people to gain opportunities and nurture their futures in Songpa through the Songpa ICT Youth Startup Center.”

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