Hana Financial Group and four other banking groups will provide 1 trillion won ($680 million) worth of financial support for startups as part of their efforts to boost productive finance and help invigorate the venture industry.
The government will designate 10 cities to serve as major hubs for startup ecosystems by next year in a bid to promote balanced regional growth and create more jobs for young people, the Ministry of Finance and Economy said Friday.
A tech startup founded by researchers at KAIST drew in $76 million in investment from major tech firms, including the U.S. chip giant Nvidia.
Korea will provide support to nurture 100 defense-focused startups by 2030 in an effort to strengthen the defense industry's growth potential and better adopt cutting-edge technologies, government officials said Monday.
From installing solar panels across vehicle rooftops to technologies that analyze and monitor battery health, innovative startups backed by Hyundai Motor Group showcased their ideas at CES 2026, aiming to lure global investors.
Autonomous-driving startup Autonomous A2Z and Abu Dhabi-based Space42 formed a $4 million joint venture as the United Arab Emirates (UAE) ramps up spending on AI and mobility technology.
Startups with a global edge — either founded by global entrepreneurs or aiming for overseas markets — gathered for the Chung Ju-yung Startup Competition Demo Day to give their best pitches.
President Lee Jae Myung, who designated this week as “Youth Focus Week,” pledged Wednesday to foster a “third venture boom” driven by startups.
LG hosted its annual startup demo day at LG Science Park in Magok, western Seoul, on Wednesday, unveiling progress in its space industry initiatives.
As AI, semiconductors and biotech reshape the global economy, Korea is betting on its most cutting-edge startups to lead the charge.
Korea JoongAng Daily Sitemap
