Hello, this is Kim, Kwang-Hyon, 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
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.
Korea Institute of Startup and
Entrepreneruship Development (KISED)
President Kwang-hyon Kim