According to Yonhap News,

The Ministry of SMEs and Startups (MSS) hosted an event for businesses in the Regulation- Free Special Zone to attract private investments.

On May 30, the Ministry announced that it held the event at "Regulation- Free Special Zone Investment Attraction Demo Day" at the WhiteVeil, Seocho-gu, Seoul on May 29, selecting three of them as outstanding businesses.

This event provided an opportunity not only for the Regulation- Free Special Zone to improve regulations through pilot projects but also to present private investment opportunities for businesses.

Nine businesses participated and held an investor relations (IR) session and Q&A with venture capital (VC) firms.

As a result of the uation by an investor panel, HBOT Medical from the Gangwon AI Healthcare Global Innovation Special Zone was awarded the MSS Award.

The Chairman of the Korea SMEs and Startups Agency Award went to Surim Tech from the Gangwon Liquefied Hydrogen Industry Regulation- Free Special Zone and Tiessen Biopharm from the Gyeongbuk Cell Culture Food Regulation- Free Special Zone.

Jungwook Lim, Deputy Minister of Startup and Venture Innovation Office stated, "Businesses in the Regulation- Free Special Zones and Global Innovation Zones have high growth potential to create new business areas through regulatory improvements."

He added, "We will expand support for their growth through commercialization fund support and direct connections."


aeran@yna.co.kr

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Source: Yonhap News (May 30, 2024)

** This article was translated from Korean.