Samsung Electronics Expresses "Sincere Thanks for the Condolences" to Daegu Citizens Mourning Chairman Lee Kun-hee

Noh Tae-moon, President of Samsung Electronics' Wireless Business Division, is touring the former site of Samsung Sanghoe in Ingyeo-dong, Jung-gu, Daegu Metropolitan City on the 21st. Citizens of Daegu voluntarily held a memorial service during the funeral period of Lee Kun-hee, Chairman of Samsung Electronics, last October.
Photo by Samsung Electronics

[Asia Economy Reporter Ki-min Lee] Samsung Electronics announced on the 21st that it attended the '4th Daegu Startup Awards,' an event sharing the entrepreneurial achievements of startups in the Daegu region.

The event was attended by Hong Eui-rak, Deputy Mayor for Economic Affairs of Daegu, Lee Jae-ha, Chairman of the Daegu Chamber of Commerce and Industry, Lee Jae-il, Director of the Daegu Center for Creative Economy and Innovation, and other officials, along with No Tae-moon, President of Samsung Electronics' Mobile Communications Business.

At the event held at the Daegu Samsung Creative Campus, President No said, "Excellent startups based in Daegu continue to emerge, further revitalizing the startup ecosystem in the Daegu region," adding, "Samsung will continue to coexist and grow together with the startups nurtured in Daegu."

Daegu is the location of Samsung Sanghoe, established by Samsung founder Lee Byung-chul. Chairman Lee Kun-hee was also born and spent his childhood at the founder Lee Byung-chul's old residence about 200 meters away from Samsung Sanghoe. Residents near Samsung Sanghoe voluntarily held a memorial service for Chairman Lee at the old site of Samsung Sanghoe during his funeral period at the end of last October.

Before the Startup Awards event, President No visited Samsung Sanghoe in person and said, "I sincerely thank the citizens of Daegu for their condolences."

Samsung Electronics supported the establishment of Creative Economy Innovation Centers in Daegu and Gumi in 2014, and since 2018, it has integrated the startup incubation programs operated together with the Daegu Center for Creative Economy and Innovation and the Gyeongbuk Center for Creative Economy and Innovation into Samsung's startup nurturing program, 'C-Lab Outside.'

Samsung Electronics provides free office space and up to 20 million KRW in business funds to startups in cooperation with the Daegu Center for Creative Economy and Innovation. Additionally, it invests up to 500 million KRW through a dedicated fund. Currently, 143 startups have been nurtured jointly by Samsung and the Daegu Center for Creative Economy and Innovation.

The startups nurtured by Samsung have achieved results such as 160 billion KRW in sales, attracting 50 billion KRW in investment, and creating about 1,000 jobs. Furthermore, Samsung established the 'Samsung Youth SW Academy' in Gumi in December 2018 to provide software education to local youth.

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