President Moon: "Korean Startups' Newly Established Corporations Surpass 120,000 for the First Time Ever"

Opening Ceremony Video Speech at 'COMEUP 2021'... "Venture Investment Amount Hits All-Time High"

[Asia Economy Reporter Ryu Jeong-min] President Moon Jae-in stated on the morning of the 17th at the opening ceremony of 'COMEUP 2021' held at Dongdaemun Design Plaza (DDP) in Seoul, "South Korea is also hot with the enthusiasm of startups. The number of newly established corporations has exceeded 120,000 for the first time ever."

President Moon said, "Venture investment has reached an all-time high, and the number of unicorn companies has increased to fifteen, marking the rise of the second venture boom."

President Moon said, "To all startups and venture entrepreneurs around the world, congratulations on the opening of Asia's largest startup festival, ‘COMEUP 2021’. Despite the difficulties of COVID-19 last year, 60,000 people worldwide participated online, and about 100 million dollars in investments were made."

President Moon Jae-in delivering a video congratulatory message at 'COMEUP 2021'.
[Photo by Cheong Wa Dae]

President Moon expressed hope, "This year, as we meet face-to-face and communicate more closely, there will be even greater achievements."

President Moon said, "The world is now accelerating the pace of digital innovation, overcoming COVID-19 and beginning a new leap forward. Startups that create products and services never seen before with innovation and ideas are at the center of this."

President Moon added, "The response to and development speed of startups are also remarkable. This year, global investment reached an all-time high, and the number of unicorn companies worldwide has tripled compared to before COVID-19, increasing to 900."

President Moon explained, "I am confident that COMEUP will attract new investments and achieve greater growth. This year, excellent startups from France and C?dric O, Minister of Digital Economy, are participating. Korea's leading companies Samsung and Naver, as well as global companies Google and Mercedes-Benz, have newly joined."

President Moon said, "To startups and venture entrepreneurs around the world, and investors, ‘COMEUP’ is a festival for you. We support you, invest in your potential, and want to move forward with you toward a better world."

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