Korea Securities Depository Holds Kickoff Workshop for ‘K-Camp’ Jeju 1st Program

[Asia Economy Reporter Minji Lee] The ‘K-Camp’ Jeju 1st cohort program, hosted by Korea Securities Depository and organized by MYSC, held a kickoff workshop at Shinhan Square Bridge Jeju on August 4th, officially starting its acceleration program, the organization announced on the 5th.

The kickoff workshop was conducted in strict compliance with COVID-19 prevention guidelines. Attendees included Korea Securities Depository, Jeju Provincial Government, MYSC, and eight participating companies. To operate the K-Camp Jeju 1st cohort program, Korea Securities Depository recruited innovative and startup companies from the Jeju region last July, and after a rigorous screening process from a total of 36 applicants, eight companies were finally selected.

The kickoff workshop included an introduction to the K-Camp Jeju 1st cohort program, congratulatory remarks from Korea Securities Depository and Jeju Provincial Government, presentations by MYSC and participating companies, a special lecture on ‘Growth of Jeju Local Startups and Blended Finance,’ networking sessions, company diagnostics and one-on-one mentoring, and a Q&A session.

Participating companies in the K-Camp Jeju 1st cohort program will receive benefits over the next six months, including company diagnostics by MYSC, customized one-on-one mentoring, support for securities-type crowdfunding education and implementation, direct investment, and follow-up investment attraction support.

The K-Camp program is an acceleration program by Korea Securities Depository designed to revitalize the startup ecosystem in non-capital regions and support innovative and startup companies in these areas to grow as members of the capital market. Last year, Korea Securities Depository operated this program in five regions?Busan, Daejeon, Gwangju, Daegu, and Gangwon?supporting 51 innovative and startup companies, resulting in the creation of 169 new jobs and attracting investments totaling 40.5 billion KRW.

A representative from Korea Securities Depository stated, “Following last year’s K-Camp Gangwon 1st cohort program, this year we have expanded the program to Jeju, establishing it as a definitive support program for startup companies in non-capital regions. We will operate the program to enable companies to scale up through customized support tailored to the characteristics and strengths of innovative and startup companies.”

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