KSD Signs Business Agreement with Jeju Island to Foster Startup Ecosystem

(From left) Acting Governor of Jeju Special Self-Governing Province Gumanseop, President of Korea Securities Depository Myeongho Lee.

[Asia Economy Reporter Lee Seon-ae] The Korea Securities Depository announced on the 14th that it signed a business agreement with Jeju Special Self-Governing Province the day before to 'support innovation and startup companies for creating a startup ecosystem in the Jeju region.'

The business agreement was signed between the Depository and Jeju Special Self-Governing Province to discover and support innovative and startup companies in the Jeju region and to create and revitalize the local startup ecosystem.

According to the agreement, the Depository plans to expand the 'K-Camp' program in the Jeju region next year. Jeju Special Self-Governing Province will continue efforts such as discovering and recommending local companies and providing administrative support related to 'K-Camp Jeju.' K-Camp is the Depository's accelerating program that supports innovative and startup companies in non-metropolitan areas to grow as members of the capital market.

This year, the K-Camp program is being operated targeting 51 companies in five regions: Busan, Daejeon, Gwangju, Daegu, and Gangwon. Last year, it supported 60 innovative and startup companies, created 137 new jobs, and successfully attracted investments worth 15.1 billion KRW.

Lee Myung-ho, president of the Depository, said, "Through the business agreement with Jeju Special Self-Governing Province, we will establish the foundation of the K-Camp program covering the entire country except the metropolitan area, activate the startup ecosystem in the Jeju region, and do our best for regional economic growth and the success of startup companies."

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