Google joins KCC in deal to nurture local startups

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Google joins KCC in deal to nurture local startups

Korea’s telecommunications watchdog said yesterday it has clinched a preliminary deal with Google to nurture local Internet startups and promote their advances overseas.

The Korea Communications Commission said in a statement that the deal is designed to set the stage for individuals and firms with creative and innovative ideas to establish startups.

Google plans to provide advice, personnel and funding as part of efforts to support a startup nurturing program spearheaded by the KCC.

It will also help local Internet firms sell their ideas and services in overseas markets by providing opportunities to work with global tech firms in Silicon Valley.

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