Gwangju's 'G-Unicorn Companies' Show Remarkable Growth

Performance Sharing Meeting... Exploring Success Strategies and Investment Attraction

Gwangju City held the '2024 G-Unicorn Performance Sharing Meeting' on the 20th at Bitgoeul Startup Station, attended by representatives of 'G-Unicorn companies,' angel investors, and investment company officials. Photo by Gwangju City

The growth of 'G-Unicorn' companies, supported by Gwangju City's full backing, is becoming increasingly prominent.

The five G-Unicorn companies selected last year achieved outstanding results, including 22 new hires, 6.316 billion KRW in sales, and 32 intellectual property applications and registrations. In particular, Enit has begun its entry into the North American market by establishing a U.S. corporation, while Ghostpass is standing out by winning the CES 2025 Best Innovation Award.

On the 20th, Gwangju City held the '2024 G-Unicorn Performance Sharing Meeting' at the Bitgoeul Startup Station, attended by representatives of 10 companies from the 1st and 2nd batches of G-Unicorns, angel investors, and officials from five investment firms.

At the event, the achievements of the five companies selected as G-Unicorns last year ? Enit, Ghostpass, Jan153 Biotech, Cloudstone, and Farmfarm ? were shared. In addition, promising local companies seeking investment were introduced to investors, aiming to facilitate angel investment connections.

Last year, the city selected these five companies with innovative technologies and high growth potential as 'G-Unicorns,' providing up to 300 million KRW in commercialization support per company, as well as support for global market entry, participation in domestic and international exhibitions, investment attraction, and open innovation strategies with large corporations. As a result, G-Unicorn companies are achieving meaningful outcomes, such as building records in overseas markets and attracting investments.

This year, the city plans to actively discover local startups with high growth potential. Through commercialization support for prototype production and marketing, as well as various 'G-Unicorn Nurturing Programs,' it aims to support their entry into the global market.

Ju Jaehee, Director of Economic and Startup Affairs, stated, "G-Unicorn companies are knocking on the doors of the global market with innovative technologies and business models. We will continue to actively discover and support promising early-stage startups so they can grow into world-class unicorn companies."

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