First Korean startup centre to open in Singapore in 2020

The startup centre will host networks to introduce South Korean startups into the Lion City.

The South Korean Ministry of SMEs and Startups (MSS) will be opening the first Southeast Asian branch of its Korean Startup Centre in Singapore in 2020, according to a press release.

With the support of Enterprise Singapore, KSC will host infrastructure and networks for South Korean SMEs into the Lion City’s startup ecosystem, building on the memorandum of understanding (MOU) signed by both parties in 2018.

KSC complements existing South Korea-Singapore programmes such as the collaboration between NUS Enterprise and Korea Institute of Start-up and Entrepreneurship Development (KISED)2 which has supported eight Korean startups through its immersion programme earlier this year.