Hanjin Co., Ltd. Establishes 'Open Innovation'... Fostering Logistics and Distribution Startups

[Asia Economy Reporter Yoo Je-hoon] Hanjin Co., Ltd. announced on the 30th that it signed a business agreement to establish the 'Hanjin Open Innovation' network at the Hanjin Building in Jung-gu, Seoul on the 29th. The agreement ceremony was attended by CEO No Sam-seok, Inha University President Cho Myung-woo, Incheon Creative Economy Innovation Center Director Kim Seok-jun, as well as key representatives from five investment firms and three accelerators.

Hanjin Open Innovation is a strategy introduced to discover new businesses that can create synergy with Hanjin Co., Ltd.'s courier and logistics business divisions and to expand existing businesses. Institutions participating in Hanjin Open Innovation will build a network and hold a startup contest for new businesses in the second half of the year. Additionally, they plan to operate exchange programs between institutions and startups, provide logistics sector testbeds, support investment attraction linkage, and incubate the discovered startups. Collaboration with overseas companies wishing to enter the domestic market will also be pursued.

Furthermore, Hanjin plans to introduce an internal contest and an in-house venture system in the second half of the year to actively support excellent proposals and discover new growth engines. A Hanjin official stated, "As the logistics industry has established itself as a core future industry, we will take the lead in discovering and nurturing promising business items based on Hanjin's logistics capabilities and the capabilities possessed by each institution by building an open innovation network."

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