Nine Ministries, Including the Ministry of SMEs and Startups, Join Forces to Support Promising Startups' Global Expansion

Pan-Government Startup Overseas Expansion Launch Ceremony Held
Full-Scale Support for Promising Startups to Expand Abroad Begins

A support program for promising startups to expand overseas, promoted through the collaboration of nine ministries, has officially begun.

The Ministry of SMEs and Startups announced on June 24 that it held the "Pan-Government Startup Overseas Expansion Launch Ceremony" at the Four Seasons Hotel in Seoul. Held under the slogan "Start Up, Together," the event was attended by Sungseop Kim, Vice Minister of the Ministry of SMEs and Startups, as well as representatives from nine ministries including the Ministry of Education, Ministry of Foreign Affairs, Ministry of Environment, Ministry of Agriculture, Food and Rural Affairs, Ministry of Trade, Industry and Energy, Ministry of Land, Infrastructure and Transport, Korea Aerospace Administration, and Korean Intellectual Property Office. Also present were Kim Donga, a member of the National Assembly's Trade, Industry, Energy, SMEs and Startups Committee, officials from the Korea Institute of Startup & Entrepreneurship Development and other program organizers, and about 200 participants including companies involved in this year's Global Accelerating Support Program.

Sungseop Kim, Vice Minister of the Ministry of SMEs and Startups, is delivering the opening address at the "Pan-Government Startup Overseas Expansion Launch Ceremony" held on the 24th at the Four Seasons Hotel in Jongno-gu, Seoul. Ministry of SMEs and Startups

The Global Accelerating Support Program is designed to help promising startups expand and grow overseas by providing both domestic and international acceleration programs and funding for overseas expansion. This year, nine ministries are participating, leveraging their expertise and global capabilities in various industrial sectors to provide tailored support for the global expansion of 148 promising startups. In particular, the Ministry of SMEs and Startups plans to strengthen specialized support for domestic artificial intelligence (AI) startups, focusing on the U.S. market, which leads the global market and has abundant AI infrastructure, in order to foster growth and enhance global competitiveness.

At the launch ceremony, the Ministry of SMEs and Startups presented achievements and best practices in startup support, emphasizing the importance of inter-ministerial collaboration. The ministry also introduced pan-government startup support initiatives such as the Global Accelerating Support Program and Challenge! K-Startup, and outlined this year's implementation plans. DeepSales, a company that participated in last year's Global Accelerating Support Program, attended the event to share its overseas expansion results and experiences. During the subsequent networking session, representatives from the ministries, program organizers, and participating companies exchanged questions and answers about business items, global expansion plans, and their aspirations.

Sungseop Kim, Vice Minister of the Ministry of SMEs and Startups, stated, "The nine ministries will come together to open a new chapter of cooperation in supporting startups," and added, "We will unite the capabilities of each ministry and organically connect our resources to become a strong partner for startups."