Samjong KPMG-SparkLabs, Startup Support Business Agreement

[Asia Economy Reporter Ji-hwan Park] Samjong KPMG announced on the 28th that it signed a business agreement with SparkLabs at SparkLabs headquarters in Yeoksam-dong, Gangnam-gu, Seoul, to support services for revitalizing startup mergers and acquisitions (M&A) and investment attraction.

Under this agreement, the two companies will mutually cooperate in attracting strategic and financial investors using domestic and international networks, business mentoring for nurturing startups, and providing accounting and financial advisory services.

Samjong KPMG has been operating the dedicated organization "Startup Support Center," launched in 2016 as the first in the industry, to contribute to the continuous growth and value enhancement of domestic startups.

Going forward, it provides services across all areas including accounting, tax, finance, and strategy such as strategies and fundraising according to corporate growth stages, overseas expansion consulting, and inter-company cooperation consulting to ensure startups receive appropriate valuation when entering the capital market.

SparkLabs is a global startup accelerator that has discovered and supported over 150 highly capable startups through investment, nurturing, and overseas market entry over the past nine years. It hosts the world's largest demo day twice a year, attended by about 2,500 stakeholders in the startup ecosystem, to help startups grow.

Seunghoe Koo, Head of Financial Advisory at Samjong KPMG, said, "We are pleased to be able to accelerate Samjong KPMG’s startup support activities together with SparkLabs, one of the leading domestic startup accelerators," adding, "We will do our best to help the healthy growth of domestic startups through active investment review as well as lifecycle-specific specialized advisory."

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