Government assigns CEOs to help guide new start-ups

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Government assigns CEOs to help guide new start-ups

Some of Korea’s most renowned first- and second-generation entrepreneurs who have founded successful start-ups will share their experience and expertise over the next year with fledgling business operators at the 17 creative economy innovation centers nationwide.

Participants include SOLiD CEO Jung Joon; Coupang founder and CEO Bom Kim; Gamevil founder James Song; and Park Jong-hwan, the founder of Loc&All, which developed the mobile navigation app Kimgisa that was sold to DaumKakao in May for 62.6 billion won ($51.9 million).

The Ministry of Science, ICT and Future Planning appointed the industrialists Monday to assist as entrepreneurship ambassadors at the country’s centers for creative economy and innovation.

Not all 17 CEOs are ICT experts, and each team member has different strengths, ranging from culture to biotechnology and manufacturing technology.

The ministry assigned each entrepreneur to a creative center depending on each creative facility’s focus. They will provide mentoring services and lectures and share their investor networks over the course of a year starting next month.

First-generation venture businessman Jung Joon, the founder of SOLiD, which has supplied wireless telecom transmitters to SK Telecom and KT, as well as to the United States, Mexico and Brazil, will be based in the ICT-oriented Gyeonggi Center for Creative Economy and Innovation, located in Pangyo Techno Valley, Yongin.

Founder and CEO Ahn Joon-hee of Handstudio, an app for smart television that is available in seven languages in 159 countries, will share business tips at the North Gyeongsang Center operated by Samsung Group which focuses on developing ICT platforms and software for smart factories.

Some start-up CEOs, such as Kimgisa founder Park Jong-hwan, will foster new entrepreneurs in their hometowns. The CEO of Medytox, a local developer and manufacturer of botox shots, will foster prospective start-ups at the North Chungcheong Center.

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