Woori and Seoul National University to support start-ups

Finance

Published: 29 Jun. 2021, 16:56

Woori and Seoul National University to support start-ups

From left, Seoul National University President Oh Se-jung, head of Gwanak District Office Park Jun-hee, and Woori Financial Group Chairman Son Tae-seung pose for a photo after inking a memorandum of understanding on Monday at Gwanak District Office in southern Seoul. [WOORI FINANCIAL GROUP]

Woori Financial Group on Monday inked a memorandum of understanding with the Gwanak District Office and Seoul National University to support start-ups in the area, the financial group said Tuesday.

The university is in Gwanak District.

In the partnership, the financial group will open a dedicated 890-square-meter (9,580-square-feet) space for start-ups in Sillim-dong, Gwanak District, in September. The new center will use a standalone five-story building with a number of meeting rooms, independent office space for start-ups that will move into the center and a rooftop lounge.

The new center will focus on nurturing start-ups specializing in artificial intelligence, robotics, mobility technologies as well as environmental, social and governance-related technologies.

So far Woori Financial Group has supported 71 start-ups and made direct investments totaling 59.2 billion won ($52.38 million), the group said in statement.

BY KIM JEE-HEE [kim.jeehee@joongang.co.kr]