Expansion of Achievements and Strengthening of Global Cooperation in the 'K-Global Cluster' Regulatory Free Zone

8-10th at Seongsu-dong S Factory
In conjunction with 'COMEUP 2023'

The Ministry of SMEs and Startups announced on the 5th that it will hold ‘K-Global Cluster 2023’ from the 8th to the 10th at S Factory in Seongsu-dong, Seongdong-gu, Seoul.

Minister Lee Young of the Ministry of SMEs and Startups is delivering the opening address at the launch ceremony of the Regulatory Free Zone Win-Win Connection held at the Central Post Office in Jung-gu, Seoul, on September 27 last year. Photo by Hyunmin Kim kimhyun81@

K-Global Cluster is an expanded and reorganized event from the existing ‘Regulatory Sandbox Challenge,’ which shares the achievements of regulatory sandbox zones. It focuses on spreading technological innovation achievements of regulatory sandbox zones and strengthening global cooperation. The event will be held in conjunction with ‘COMEUP 2023,’ which takes place at Dongdaemun Design Plaza during the same period.

At this event, business agreements (MOUs) will be signed with overseas innovation clusters such as France’s Cosmetic Valley and Japan’s Shonan I-Park, and conferences on cooperation in the Korea-France cosmetics sector and Korea-Japan advanced bio cooperation will be held.

Additionally, on the 8th, an event will be held to launch the domestic version of ‘Big Bang,’ the global open innovation program of the French L’Or?al Group. On the 10th, the achievements and development plans of ‘Startup Autobahn Korea,’ the open innovation program of Germany’s Mercedes-Benz over the past three years, will be explored, and UL Korea will hold an overseas certification seminar to enhance the international competitiveness of domestic startups.

A total of 75 companies and research institutions will participate in K-Global Cluster. On the 3rd floor, 42 regulatory sandbox companies and research institutions will exhibit technological innovation achievements in four themed halls: future mobility, autonomous driving, biohealth, and future energy. On the 1st floor, 33 companies will participate in the advanced bio and cosmetic halls. For child and adolescent visitors, a drone combat sport event called ‘Drone Clash’ will be held daily from 10 a.m. to 6 p.m.

Furthermore, seminars are planned to explore strategies for promoting international joint research and development (R&D) to secure the global competitiveness of domestic startups and venture companies, as well as seminars to address legal issues that bio companies may face, such as resolving technology disputes arising from new drug development.

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