Gangnam-gu Yeoksam-ro Entrepreneur Street Revitalization Efforts Underway
On the 1st, POSCO, Asan Nanum Foundation, and Korea Angel Investment Association Signed a Business Agreement for Free Sharing of Facilities and Spaces
[Asia Economy Reporter Jongil Park] Gangnam-gu (District Mayor Jeong Soon-gyun) signed a business agreement on the 1st at POSCO Startup Support Center ‘Changeup Ground’ (168 Yeoksam-ro) with POSCO, Asan Nanum Foundation, and Korea Angel Investment Association to develop the startup ecosystem and revitalize Yeoksam-ro Startup Street (Start track).
Through this agreement, the four organizations including Gangnam-gu will promote ▲free sharing of facilities and spaces such as Gangnam Startup Center, POSCO Startup Support Center, Maru180, and Tipstown ▲participation of resident companies in startup support programs ▲joint year-end events related to startups.
Gangnam-gu opened the ‘Gangnam Startup Center’ in Startup Street last December and has been fostering startups through mentoring and investor matching.
In particular, the ‘Gangnam Startup Forum’ is held every second Thursday of the month until December, supporting startup management strategy establishment through participatory programs such as invited lectures and discussions.
Jeong Soon-gyun, Mayor of Gangnam-gu, said, “Gangnam is a city with a well-established ‘startup ecosystem’ where young people dreaming of entrepreneurship can build a growth foundation,” adding, “We plan to provide full policy support to revive ‘Startup Street’ as the ‘Silicon Valley of Korea’ so that the phrase ‘Go to Gangnam for startups’ can be heard.”
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He also stated, “Furthermore, we will build an industrial platform for exchanges between startups and small and medium-sized enterprises and an integrated big data platform to accurately analyze the needs of residents, making it a city favorable for business.”
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