Gyeongnam Province Holds Meeting with Startup Companies Driving Innovative Growth

Meeting with Startups Participating in the Accelerating Growth Program to Hear Their Challenges

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Sharon] On the 30th, Park Jong-won, Deputy Governor of Gyeongnam Province, held a meeting with startup entrepreneurs, the key innovators of the regional economy, at the Gyeongnam Creative Economy Innovation Center.

The 10 companies invited to this meeting are participants in Gyeongnam Province's startup growth program, the 'Gyeongnam-type Startup Accelerating.' The meeting was organized to directly listen to and resolve the practical issues that startup companies face on the ground.

Accelerating refers to activities where startup planners discover startups and provide comprehensive support such as startup spaces, counseling and mentoring, and investment, focusing on helping them grow rapidly.

At this gathering with startup entrepreneurs, Gyeongnam Province, and the Gyeongnam Creative Economy Innovation Center, the entrepreneurs expressed various difficulties they encounter while starting their businesses.

Hwang Geon-ho, CEO of GTEL, stated, “There are many difficulties in methods and funding to commercialize innovative ideas into products,” and expressed the challenge, “I hope funding support will be expanded so that early-stage startups can survive and grow.”

Yang Kyung-jun, CEO of Krypton, said, “Concentration in the metropolitan area is increasing, making the regional economy more difficult. The biggest agents to revive the region are startups. My dream is to create a startup environment in the region so that these startups do not move to Seoul.”

Deputy Governor Park said, “The biggest difficulty for startup entrepreneurs is funding. This year, the province has established funds of 20 billion KRW and 5 billion KRW, and we will continue to create funds in the future and spare no effort to support early-stage startups facing financial difficulties.”