Changwon Special City One-Person Creative Enterprise Support Center Holds 12th Graduation Ceremony

Since the Center's Opening in 2011, 390 Companies Graduated

Changwon Special City in Gyeongnam held the 12th graduation ceremony at the Changwon City One-Person Creative Enterprise Support Center.

[Asia Economy Yeongnam Reporting Headquarters Reporter Song Jong-gu] Changwon Special City in Gyeongnam announced on the 14th that it held the 12th graduation ceremony at the Changwon 1-Person Creative Enterprise Support Center. This year, 25 out of 30 resident companies graduated, and the remaining 5 companies applied for an extension of their residency to continue their startup activities at the center for another year.

Since being designated as a 1-Person Creative Enterprise Support Center by the Ministry of SMEs and Startups in 2011 and opening its doors, a total of 390 companies have graduated to date, of which 255 were discovered as prospective startups at the center and successfully launched their businesses.

Despite the challenging conditions due to the ongoing COVID-19 pandemic, the center achieved results such as creating 97 jobs annually. A representative graduate company, M-Link, registered 2 patents and saw a 35% increase in sales compared to last year. Juseungdahyu Workshop was also selected for the Ministry of SMEs and Startups’ public procurement win-win cooperation project and the Public Procurement Service’s innovative procurement product designation.

Hong Nam-pyo, Mayor of Changwon Special City, said, “We are now in the so-called 4th Industrial Revolution era where intellectual property (IP) is equivalent to the economy,” adding, “We will actively support 1-person creative enterprises that start with creative knowledge and technology to successfully establish their startups in Changwon.”

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