Gov't to build new startup complex in Seoul's Mapo district

  • 6 years ago
The government had launched two complexes so far to support startups in the country.... and now,.... a brand new one will be built right here in Seoul... with hopes of creating a synergy effect for innovative growth.
Park Se-young tells us more.

The Ministry of Economy and Finance laid out plans to build a third startup complex in Seoul's Mapo-gu District in a bid to further boost promising local startups established by founders under the age of 40.
The new startup complex is the third of its kind in Korea... following the one in Teheran-ro in Seoul's Gangnam-gu District and the one in Pangyo Techno Valley in Gyeonggi-do Province.
Through its Mapo startup incubator, the ministry expects some three-hundred local startups that have been established in the last seven years... to move into the complex starting October next year.
Startups that are moving in will be eligible to receive a wide range of support, from financing to networking and consulting services for overseas expansion, for a period of up to three years.
The ministry says the complex will be located near Mapo's Gongdeok Station... where the Korea Credit Guarantee Fund Mapo office is currently situated.
The 20-story building has a total floor space of 36-thousand-300 square-meters... making the new startup campus the largest in Korea... and on par with the Station-F startup campus in Paris.
The ministry says the Mapo-gu District where the new startup incubator is to be built... is also near the college campuses of Seoul's Sinchon district... and the city's financial hub of Yeouido.
The location will make it easier to offer courses on how to build startups... as well as setting up 'fin-tech' research labs for strengthening cooperation with other businesses.
Park Se-young, Arirang News.

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