According to Yonhap News,

(SEOUL=Yonhap News) Seoul Metropolitan City announced on August 25 that it will support the expansion of Fiscal Note, a global unicorn company (valuation at KRW 1 trillion or more) into Korea

Based in Washington D.C., FiscalNote is AI-based legislative and regulatory analysis service firm. Currently, it provides legislative and regulatory information of the US and EU to about 5,000 global firms.

The Seoul Metropolitan Government signed a tripartite investment agreement with FiscalNote and its Korean subsidiary startup 'Datahunt'. The city expects the expansion of Fiscal Note in Korea will lead to quality job creation and related industrial technology transfers.

Hwang Bo-yeon, Head of the office of Economic Policy at Seoul Metropolitan Government said, "we will attract companies with potential in new growth industries so that they can create jobs for specialized talent and turn Seoul into a global hub city".

jk@yna.co.kr


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Source: Yonhap News (August 25, 2021)