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(BUSAN=Yonhap News) This coming March 16 will mark the third anniversary of the opening of Busan Center for Creative Economy and Innovation (CCEI).
Busan Metropolitan City and Busan CCEI announced February 12 that for the past three years they have helped 255 local startups with immense growth potential achieve KRW 99 billion in sales.
Forty one starups were supported with KRW 31.4 billion through the Creative Economy Innovation Fund, while an additional 193 startups achieved KRW 67 billion in sales with help from Lotte on securing distribution channels.
Semiconductor test and repair company Humen received an investment worth KRW 1.2 billion in recognition for its 3D test module development technology.
Maker of portable tumbler sterilizing and drying machines ESN received held from Busan CCEI's early startup support platform, was selected as a representative startup of Busan, and recently expanded its business through Kakao Makers and the Lotte Department Store in Hanoi, Vietnam.
Mobile games company Soulgit and wearable spine-correction device maker Bonebre Technology established corporate bodies in the United States last year, and have since been working on expanding their global presence.
The movie "Along With the Gods," which was made with a joint investment by Busan and Lotte Creative Film Fund and with over 20 percent of the scenes shot in Busan, recorded over 10 million viewers at the box office.
Lotte Group invested KRW 20 billion in the local IoT startup ecosystem, by building six Living Labs, centers for testing IoT in daily life.
Busan CCEI also connected Lotte Group, startups and SMEs with 3,89 job seekers, and as a result supported the direct employment of 485 persons.
A Busan source noted, "the city will continue to support outstanding startups through the Busan CCEI so that they grow into global Kosdaq- or Nasdaq-listed companies, such as Sillajen ."
josephe@yna.co.kr
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Source: Yonhap News (Feb. 12, 2018)