Kakao Enterprise Provides 1 Billion KRW Support to Domestic Startups
[Asia Economy Reporter Buaeri] Kakao Enterprise announced that it will provide Kakao Work, Kakao i Cloud, and other services free of charge to 20 domestic startups. The total scale is 1 billion KRW.
On the 28th, Kakao Enterprise attended 'Next Rise,' the largest domestic startup festival hosted by KDB Industrial Bank and the Korea International Trade Association, and unveiled a win-win cooperation plan.
The 'KDB X Kakao Enterprise Boost-Up Program,' established to support startups' digital innovation and improvement of work infrastructure, provides free credits for using Kakao Work and Kakao i Cloud to 10 KDB investee companies and 10 general startups.
Consulting and technical mentoring programs for startups will also be operated. Kakao will share its organizational culture and working methods and seek business partnership opportunities.
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Baek Sang-yeop, CEO of Kakao Enterprise, said, "As a leading domestic IT platform operator, we aim to lay the foundation for mutual growth by sharing professional technical capabilities and operational know-how with the startup ecosystem," adding, "We plan to gradually expand the scale of the program as we observe the effectiveness and response of its implementation."
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