Hello, this is Kim, Yong-Moon, President of the Korea Institute of Startup and Entrepreneurship Development (KISED).
Startups are the backbone of our economy and the linchpin of employment and growth. From the First Industrial Revolution to the Third Industrial Revolution, Korea's economic structure heavily relied on conglomerates, while in the Fourth Industrial Revolution, disruptive ideas have created high-added value and laid the economic and social foundation for startups to grow into unicorns. Accordingly, the Korean government is actively supporting tech and innovative startups under the slogan of "innovative growth."
KISED establishes a tailored support system for each stage of a startup from infrastructure, commercialization to globalization in a bid to identify and nurture game-changing startups and to create an innovative startup ecosystem. On top of that, we provide an easy-to-use environment to start a business including the online mentoring system, the online incorporation system, and online entrepreneurship education. Furthermore, in order to ride out the crisis from COVID-19, we are identifying promising startups in the non-contact sector. We are also striving to propagate social impact through cooperation with local organizations and to strengthen the capacity for sustainable growth of marginalized groups including youth, female entrepreneurs, and social enterprises.
We will take the lead in creating an ambience where anyone can take a chance at starting a business in a supportive environment. In response, we will lay the groundwork so that startups can emerge as global unicorns with creative ideas. Everyone at KISED will make every effort to actively support startups while communicating with the public.
Thank you

Korea Institute of Startup and
Entrepreneruship Development (KISED)