Asan Nanum Foundation Holds Online Showcase for 'Asan Sanghoe'

A Total of 14 Teams Participate... Presenting Business Models on Various Topics

Asan Sanghoe Showcase

[Asia Economy Reporter Kim Cheol-hyun] Asan Nanum Foundation (Chairman Han Jeong-hwa) announced on the 23rd that it held the 2nd term showcase of 'Asan Sanghoe' at the Asan Nanum Foundation building in Sindang-dong, Jung-gu, Seoul.

Asan Sanghoe is a startup support program aimed at spreading entrepreneurship to young people marginalized from startup opportunities and helping them become independent and grow through startups. About 30 young people, including North Korean defectors, foreigners, and Korean youth, were selected to participate in the 2nd term.

The selected youth formed teams from May and received professional startup education such as basic team startup courses and practical courses. In the case of the 2nd term, due to the prolonged COVID-19 pandemic, the education during the activity period was conducted in a hybrid form of online and offline, and the existing face-to-face presentations and discussions were conducted using online productivity tools and video materials.

The showcase was also held online without face-to-face meetings, providing a time for program participants to present the startup projects they directly conducted. They formed a total of 14 teams and explained the process and results of deriving business models such as ▲raising awareness of marriage among North Korean defectors ▲sharing North Korean-style dining culture ▲operating cultural experience spaces for South and North Korea ▲developing a video platform sharing experiences of foreigners.

Among those who completed the startup incubating process, selected teams will undergo a 3-month startup accelerating process to finalize their business models, receive expert mentoring, establish startups, and launch products and services. Support for commercialization funds will also be provided.

Han Jeong-hwa, chairman of the Asan Nanum Foundation, said, "It must have been difficult to share ideas and create solutions on different cultural backgrounds, but through this, I think they realized the importance of team building," adding, "The experience at Asan Sanghoe will be a solid springboard for their future as global entrepreneurs, and the Asan Nanum Foundation will not spare support and encouragement."

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