K-Startup Companies Shining at CES 2022 Gathered in One Place

Minister Kwon Chil-seung of the Ministry of SMEs and Startups Holds Meeting with 6 CES Innovation Award-Winning Startup Companies

Minister Kwon Chil-seung of the Ministry of SMEs and Startups is communicating with attendees at the CES 2022 Innovation Award-winning Startup Meeting held on the 9th at Dream Square in Mapo-gu, Seoul.

[Asia Economy Reporter Kim Cheol-hyun] The Ministry of SMEs and Startups (Minister Kwon Chil-seung, hereinafter referred to as the Ministry) announced on the 9th that it held a meeting with startup companies that won the CES 2022 Innovation Awards at Dream Square located in Mapo-gu, Seoul. This meeting was organized to celebrate the companies that received the CES Innovation Awards and to discuss the development direction of the innovative startup ecosystem.

The CES Innovation Award is given by the Consumer Technology Association (CTA), the organizer of the exhibition, to innovative technologies and products leading the world, and is called the "highest honor of CES." Among the 574 products from 404 companies that received the Innovation Award this year, 173 products (30.1%) were from domestic companies, and 89 companies (22.0%) received the Innovation Award. Among these, 74 companies, accounting for 83.2%, are venture and startup companies, and 60 companies are startups established within the last 7 years.

In particular, the startups Ruple, Linkface, Eva, AI4Pet, Tactracer, and Hipoti&C, which attended the meeting, are companies that have participated in the 'Startup Overseas Exhibition Support Project' started in 2021, supporting them from preparing for the CES Innovation Award to booth participation.

Minister Kwon listened to explanations of the award-winning technologies and products and personally experienced them, and heard about the difficulties faced by startups and suggestions for revitalizing the innovative startup ecosystem. Minister Kwon said, "The achievement of our startups winning the Innovation Awards at CES 2022 is a very encouraging result showing that K-startups stand shoulder to shoulder with the world's leading large corporations and innovative companies," and added, "The Ministry of SMEs and Startups will expand support for overseas expansion so that these innovative startups can leverage their excellent achievements to thrive not only domestically but also internationally, and will boldly reform regulations that hinder this."

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