KT joins fund to help start-ups expand abroad

Home > Business > Industry

print dictionary print

KT joins fund to help start-ups expand abroad

Telecom operator KT and the government said on Monday that they will each contribute 10 billion won ($8.6 million) to a program to help Korean start-ups enter international markets.

KT is the first private company to participate in the so-called Start-up Supporter Program, which Seoul launched this year. KT will contribute 5 billion won this year, 3 billion won next year and 2 billion won in 2018.

The government wants other companies, large and small, to join the program as well. The goal is 400 billion won - 200 billion won from private companies and 200 billion won from the government - each year. The fund would be used to help start-ups insure against patent suits and subsidize marketing and investor relations expenses.

More in Industry


Big business recoils at new legal legislation

Hyundai Mobis has developed a hydrogen-powered forklift

Asiana adapts passenger plane to carry more cargo

Eastar Jet CEO threatens to sue pilot union for libel

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now