Mu-hyup and Asan Nanum Foundation Join Hands to Support Korean Startups' Global Expansion

[Asia Economy Reporter Suyeon Woo] The Korea International Trade Association (KITA) announced on the 15th that it signed a Memorandum of Understanding (MOU) with the Asan Nanum Foundation at COEX in Samseong-dong, Seoul, to support the revitalization of the startup ecosystem.

Attending the signing ceremony were Han Jin-hyun, Vice Chairman of KITA, Han Jeong-hwa, Chairperson of the Asan Nanum Foundation, and officials from both organizations. Through this agreement, the two institutions will actively cooperate in areas such as discovering outstanding startups and supporting investment attraction, identifying and matching domestic and international open innovation demands, activating open innovation platforms, expanding the investment ecosystem, and providing services to support promising startups' overseas expansion.

Park Seon-kyung, Head of the Innovation Ecosystem Office at KITA, stated, "The Asan Nanum Foundation operates various programs such as the Startup Support Center, the Chung Ju-yung Startup Competition, and the publication of the Startup Korea report, making it an ideal partner to strengthen and expand KITA's startup support projects. We expect synergy in support activities for the digital transformation of our industry as well."

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