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According to Yonhap News,
Korea International Trade Association (KITA) unveiled its new service, ‘InnoBranch’, a business matching platform that profiles and bridges small or large corporations with SMEs home and abroad. This two-way open innovation, which refers to the increasing embrace of external cooperation in a paradigm where firms explore a wide range of both internal & external resources to produce new type of products and services, acts as a digital agora where businesses around the world share information to meet with SMEs to partner.
Members of the service get access through a click on the official KITA website to be updated. They are given information on major investment institutions & startup profiles to be shared in both developed and emerging economies, especially those who’ve taken part in dozens of startup events that KITA has organized for years.
KITA made an official pledge to give full support to all service members at the seminar named ‘To Learn More of Startup Ecosystem & How to Tap into the Local Markets in Brazil’ and a special meet-up event with a group of the UAE delegates a few days ago. The signing of an MOU to support startups between Korean businesses and Brazilian counterparts was made, whereas a one-on-one meet up session was held for the guests from the UAE.
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Source: Yonhap News (Dec. 8, 2019)
*This article was translated from Korean.