According to Yonhap News,

On June 16, the Korea SMEs and Startups Agency (KOSME) announced that it had built a cooperation network for the European market entry of promising K-startups during its visit to Germany and France on June 10-13.

On June 10, KOSME visited the Frankfurt Investment Promotion Agency (FrankfurtRheinMain GmbH), an economic and investment promotion agency in Frankfurt, Germany. On June 11, as part of a collaboration with the Frankfurt foreign missions, KOSME visited the Digital Hub Mannheim and the Healthcare Startup Support Center.

During these visits, KOSME discussed ways to support networking with local institutions and enhance regulatory response capabilities, to facilitate the entry of small and medium-sized digital and healthcare companies into the German market.

On June 12, KOSME visited Impulse Partners and HEC Paris - prominent local startup incubators - in Paris, France, to discuss cooperation measures including office space, consulting on investment attraction and local market entry for companies entering the French market.

On the last day, KOSME supported the participation of domestic startups at the 'VivaTech 2025', Europe's largest startup and technology exhibition through its 'K-Startup Integrated Pavilion'.

Park Jang-hyeok, a global growth director at KOSME, stated, "Through collaboration with local institutions and pitching events, we expect to significantly expand opportunities for K-startups to attract global investment . We will continue to support domestic startups who desire to enter global markets, so that they can strengthen their competitiveness."


aeran@yna.co.kr

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Source: Yonhap News (June 16, 2024)

** This article was translated from Korean.