Korea Western Power to Support Women's Venture Startups and Growth... Signs MOU to Create Mutual Growth Ecosystem

Korea Western Power announced on November 5 that it recently signed a Memorandum of Understanding (MOU) with the Korea Women Venture Association to create an ecosystem for women's venture startup, growth, and mutual coexistence.

The Korea Women Venture Association, established in 1998, is a non-profit organization with over 1,500 member companies nationwide. It is engaged in supporting the startup and growth of women-led venture businesses, protecting their rights and interests, improving policies, and facilitating technology commercialization.

Korea Western Power and the Korea Women Venture Association have agreed to cooperate in promoting women's entrepreneurship and fostering promising ventures with global competitiveness, in line with the new government's national agenda to make Korea one of the world's top four global venture powerhouses.

Through this agreement, Korea Western Power and the association will work together on: ▲ nurturing and supporting the commercialization of women-led ventures and startups ▲ identifying mutual growth programs and strengthening environmental, social, and governance (ESG) capabilities ▲ creating energy technology innovations and new business models ▲ revitalizing the women's venture ecosystem.

Jungbok Lee, President of Korea Western Power (left), and Misook Sung, Chairwoman of the Korea Women Venture Association, are posing for a commemorative photo after signing a Memorandum of Understanding (MOU) for the creation of an ecosystem for women's venture startup, growth, and mutual coexistence at Tipstown in Seoul on the 31st of last month. (Photo by Korea Western Power)

Korea Western Power plans to implement practical support measures to help women-led venture companies establish themselves from the early stages of startup through growth, including providing business funding, demonstration sites, and customized mutual growth programs that connect to commercialization opportunities.

In particular, the company will actively share and open both tangible and intangible resources and capabilities it possesses-such as power generation-related information, unused patents, and its network of partner organizations-to promote joint research and development of innovative technologies and to create new energy businesses utilizing power generation big data.

Jungbok Lee, President of Korea Western Power, stated, "We will strive to build an ecosystem so that women-led venture companies can continue to grow and become key players in the nation's venture industry."

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