KSD Signs Business Agreement with Gangwon Provincial Government to Foster Startup Ecosystem in Gangwon Region

[Asia Economy Reporter Oh Ju-yeon] Korea Securities Depository announced on the 15th that it signed a business agreement with Gangwon Provincial Government on the 14th at the Gangwon Provincial Government conference room to support regional innovation and startup companies for creating a startup ecosystem in the Gangwon region.

Korea Securities Depository signed a business agreement with Gangwon Provincial Government on the 14th at the Gangwon Provincial Government conference room to support regional innovation and startup companies for fostering the startup ecosystem in Gangwon region. The signing ceremony was attended by Lee Myung-ho, President of Korea Securities Depository (right), and Woo Byung-ryul, Deputy Governor for Economy of Gangwon Province (left).

This business agreement was made to promote 'K-Camp Gangwon' by the Depository and Gangwon Provincial Government, providing an accelerating program for startups and small and medium enterprises less than 7 years old located in the Gangwon region, supporting their growth and fostering and revitalizing the local startup ecosystem.

The Depository will be responsible for selecting startup planners (accelerators) and operating and managing the program for promoting K-Camp Gangwon, while Gangwon Provincial Government will strive to activate the startup support projects in the Gangwon region through discovering and recommending local companies and providing administrative support related to K-Camp Gangwon.

Lee Myung-ho, President of the Depository, stated, "By promoting K-Camp Gangwon together with Gangwon Provincial Government, we will establish a regional startup company support program foundation covering the entire country except the metropolitan area, and support the successful growth of startup companies in the Gangwon region."

K-Camp is an accelerating program launched by the Korea Securities Depository in December last year as the first capital market infrastructure institution to support regional startup companies. It is currently operating in four regions: Busan, Daejeon, Daegu, and Gwangju. So far, a total of 60 companies have participated in K-Camp, and despite most being early-stage startups less than 3 years old, 15 companies have secured follow-up investments totaling 10.1 billion KRW, and 21 companies have created 66 new jobs.

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