Smb·Venture
"Failure Is Not the End, but a Process"... SMEs and Small Business Owners Share Restart Success Stories
An event was held to share the success stories of small and medium-sized enterprises (SMEs) and small business owners who succeeded in restarting their businesses after failure, and to shift social perceptions regarding companies making a fresh start.On the 14th, the Ministry of SMEs and Startups announced that it held the '2025 Rechallenge Day' event at the Raum Art Center in Gangnam-gu, Seoul. The event was held under the slogan, "Turn Failure into an Asset, RESTART THE SPARK," reflecting the idea of using failure as experience to ignite the spark of a new beginning through rechallenge. According to industry sources, many of the domestic unicorn companies have experienced rechallenge. However, they face economic and cultural difficulties due to the social perception of being a "failed company." In light of this, the government is supporting companies restarting their businesses through funding such as restart loans and re-leap funds, business support for discovering new entrepreneurs
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Monami Sees Sales Growth in Q3, but Operating Loss Jumps 59.5%
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HDC Young Chang Continues Losses in Q3... Net Loss Soars 59%
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Korea Institute of Design Promotion Holds 41st Excellent Design (GD) Product Selection Awards Ceremony
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60th Korea Design Exhibition Awards Ceremony... Presidential Award Goes to 'Sleeve'
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Lee Byungkwon of Democratic Party Appointed as First Second Vice Minister Dedicated to Small Businesses
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"Mother Fund That Led the Market for 20 Years... Needs Redesign to Meet Global Competition"
20 Years of the Fund of Funds: "Extension of Duration and Expansion of Private Capital Needed"
The Ministry of SMEs and Startups and Korea Venture Investment Corp. held the 'Fund of Funds Policy Forum' at Kensington Hotel in Yeouido, Seoul, on November 14 to mark the 20th anniversary of the launch of the Fund of Funds. This forum was organized to review the operational achievements of the Fund of Funds over the years and to discuss key issues such as the extension of the fund's duration and the expansion of private capital in venture investment.The forum was attended by Han Seong-sook, Minister of SMEs and Startups, Democratic Party lawmaker Chung Jinwook, Korea Venture Investment Corp. CEO Lee Daehee, as well as industry representatives, venture capitalists (VCs), startups, academic experts, and other key leaders in the venture ecosystem. The first session focused on the accomplishments of the Fund of Funds over the past 20 years as a priming force in the venture investment market, centering on the virtuous cycle of investment, exit, and reinvestment. Participants reached a con
Hyundai Livart Wins Prime Minister's Award at the 2025 Good Design Awards
Hyundai Livart announced on November 14 that its office furniture 'Emotion Series' and office chair 'Ascent' received the Prime Minister's Award (Gold Prize) and the President of the National Institute of Technology and Standards Award (Bronze Prize), respectively, at the 2025 Good Design Awards. The Good Design Awards, hosted by the Ministry of Trade, Industry and Energy and organized by the Korea Institute of Design Promotion, is a domestic industrial design competition that grants the official government GD (Good Design) mark to products and services with outstanding design, based on fair evaluation by experts in each field. Excellent design products are selected by considering factors such as aesthetics, originality, usability, and eco-friendliness. The 'Emotion Series', which won the Prime Minister's Award, is a motion desk with a height adjustable from 690 to 1,120 mm. Its ergonomic structure allows the desk to naturally move closer to the user as the height increases. The new co
Kibo to Fully Support Sale of 'At-Risk' Bankrupt Companies' Patents
The Technology Credit Guarantee Fund announced on November 14 that it will significantly expand its “Bankrupt Companies’ Patent Sale Program” to prevent valuable patented technologies owned by bankrupt companies from being wasted and to broaden opportunities for small and medium-sized enterprises (SMEs) to acquire new technologies. This program, launched in February, aims to preserve the value of technological assets and support the swift progress of bankruptcy proceedings by connecting outstanding patents held by bankrupt companies with new potential users. To this end, the Fund receives mandates from rehabilitation courts to sell patents and facilitates the discovery of interested companies and technology transfer brokerage through its technology transaction platform, Smart Tech Bridge. This year, in cooperation with the Seoul Rehabilitation Court, the Fund conducted two rounds of patent sales, including a pilot project, and successfully transferred 25 out of 55 patents that were at
Korea Federation of SMEs Discusses Strategies to Overcome the 'Three Major Crises' Including Low Birth Rates and Trade Issues
The small and medium-sized business community gathered to discuss strategies to overcome the "three major crises": low birth rates, trade issues, and the weakening of the manufacturing base.On November 14, the Korea Federation of Small and Medium Business announced that it held the "2025 Small and Medium Enterprise CEO Seminar" at the Seamarq Hotel in Gangneung, Gangwon Province, for two days starting from November 13. The event was organized to promote exchange and cooperation among small and medium enterprise cooperatives, with more than 60 participants, including chairpersons of SME cooperatives and heads of SME organizations. During the seminar, participants reviewed the achievements of policies that have strengthened the growth and competitiveness of small and medium-sized enterprises, and discussed strategies and tasks to overcome the three major crises: low birth rates and an aging population, trade issues, and the weakening of the manufacturing base. As securing sovereignty in
Bodyfriend Launches 'TodakTodak' Promotion for Students and Parents
On November 14, Bodyfriend announced that it is launching the 'TodakTodak' promotion to help relieve the tension of students and parents who have endured a long journey through entrance exam preparations.Until the end of this month, any family of a student who brings their exam admission ticket and signs a contract for a 'Falcon' or higher-grade healthcare robot or medical device at a Bodyfriend Lounge will be eligible for benefits. In particular, this promotion includes a complimentary product from Bodyfriend's new compact massager brand, 'Bodyfriend Mini,' when signing a contract for a healthcare robot or medical device. Bodyfriend Mini incorporates the company's core technology into a handy size, reducing both spatial and temporal limitations of massage use as well as the financial burden of purchase. Depending on the contracted product, customers will also receive either a scalp massager (Scalp All Care) or a neck and shoulder massager. Customers who sign contracts for the followin
"Minimum Bidding Price for Public Procurement of Goods Should Be Raised to 88?89%"
There have been concerns that the minimum bidding price applied to public procurement contracts is set too low, forcing small and medium-sized enterprises (SMEs) into cutthroat price competition without properly reflecting their production costs. The Korea Federation of SMEs announced on November 14 that it held the "5th SME Public Procurement Policy Research Forum" at its headquarters in Yeouido, Seoul, to discuss the need for improvements in the public procurement system regarding goods purchases. The research forum, launched in August last year, has been identifying agendas in areas requiring improvement within public procurement policies, which have traditionally focused on budget savings and management. The forum is developing improvement measures through expert discussions. On this day, discussions were held on the minimum bidding price within the eligibility screening system for goods purchases in the public procurement market. According to the "Act on Contracts to Which the Sta
Moorim P&P Commercializes Korea's First Infant Teething Toy Made with Natural Pulp
On November 14, Moorim P&P announced that it has commercialized an eco-friendly teething toy for infants using natural pulp for the first time in Korea.Moorim P&P, the only company in Korea that produces natural pulp domestically, has been actively conducting research on eco-friendly bioplastics by combining pulp with conventional plastics, focusing on the environmental benefits of pulp. This product marks the first case in Korea where pulp has been applied to baby products and commercialized. The new product, jointly developed with the homegrown brand "Simtong," which was created with purely domestic technology and design by Moorim P&P, contains more than 30% natural pulp. This significantly reduces the generation of microplastics compared to conventional plastic products. In addition, it has passed the KC safety certification test for children's products, ensuring that no harmful substances are released even in high-temperature environments such as boiling water sterilization, making
Coway Life Solutions Offers Partnership Discount Benefits with "Mindcafe"
Coway Life Solutions (Corasol) announced on the 14th that it has formed a partnership with Atomus, the operator of the mental care platform "Mindcafe," to provide exclusive membership discount benefits to its customers. Mindcafe is a domestic mental health platform that offers personalized psychological solutions based on expert counseling and coaching in an anonymous environment, digital therapeutic content, and mental care-focused artificial intelligence. Corasol pursued this partnership with Mindcafe to strengthen support for emotional well-being and psychological stability in daily life, going beyond physical health management and care-focused silver care services. Through this partnership, Corasol customers can access Mindcafe’s main services at discounted prices at any time. Corasol plans to use this partnership as an opportunity to expand the value of life care that can be widely utilized in all aspects of customers’ lives and to lead new trends in silver care services. A Coraso
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