Gwanak-gu-Seoul National University-KB Financial Group Join Efforts to Revitalize Venture and Startup Ecosystem

Mutual Cooperation System Established for Win-Win Development and Regional Economic Revitalization... 'Gwanak S-Valley' Project Accelerates to Build Venture Startup City

[Asia Economy Reporter Jong-il Park] Gwanak-gu (Mayor Park Jun-hee) announced that on the 3rd at 2 p.m., it signed a 'Business Agreement for the Activation of the Venture and Startup Ecosystem' with Seoul National University (President Oh Se-jeong) and KB Financial Group (Chairman Yoon Jong-kyu) at the 5th floor planning situation room of the district office.

Through this agreement, the district plans to establish a mutual cooperation system with Seoul National University and KB Financial Group over the next three years to activate the local venture and startup ecosystem, laying the foundation for growth as a venture startup city, and further pledging to unite efforts for regional economic development.

The main contents of the agreement include ▲ mutual cooperation and investment linkage in operating programs to discover and nurture excellent venture and startup companies ▲ support for human and technical resources and office space to expand venture startup infrastructure ▲ activation of the local economy through attracting, growing, and settling outstanding ventures and startups in the region.

The district expects to accelerate the activation of the venture and startup ecosystem by building an organic business cooperation system that utilizes excellent human and material resources from universities and companies, and also contribute to mutual growth through cooperation with local universities.

Currently, KB Financial Group is promoting the creation of startup spaces near Daehak-dong, where startup infrastructure is relatively lacking, aiming to open in the first half of this year, and is also planning various support programs to attract excellent companies.

Meanwhile, based on the district's excellent human resources, Gwanak-gu is focusing on promoting the 'Gwanak S Valley' project to revitalize the local economy by establishing 'Nakseong Venture Valley' and 'Sillim Startup Valley' as two pillars, developing the entire Gwanak-gu area into a venture and startup city.

As a result of efforts to transform Gwanak-gu, which was once a barren land for startups, into a venture startup mecca, nine startup infrastructures including Nakseong Venture Startup Center and Startup HERE-RO 3 have been completed. The district plans to actively work to minimize the difficulties faced by capable startup companies in securing startup spaces through continuous expansion of startup infrastructure in the future.

In addition, various startup support programs such as startup scale-up projects and venture startup company regional settlement programs are being operated to strengthen and grow the capabilities of companies, and demo days have been held to activate investment in local companies.

In particular, the district is making every effort to build a venture startup city by creating a 20 billion KRW scale startup support fund, the first of its kind among basic local governments nationwide, to continuously drive the growth of venture and startup companies based on original technology.

Mayor Park Jun-hee said, "With this agreement, by establishing a mutual cooperation system with Seoul National University, the nation's top university, and KB Financial Group, a leader in Korea's financial industry, the promotion of the Gwanak S Valley project has gained further momentum. Soon, Gwanak-gu will become a global startup hub where universities, companies, and the local community coexist, like Silicon Valley or Zhongguancun, and we will spare no support in terms of space, technology, and investment for companies."

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