Find XO: The Korea Fund of Funds Changes Criteria for Recognizing Overseas Startups (platum.kr)
Writing language: Korean Read in the original language
Summary / Read source ↗
- At a policy forum for the Korea Fund of Funds hosted by the Ministry of SMEs and Startups and Korea Venture Investment Corporation, a proposal was discussed to change the recognition criteria for overseas startups from the company's corporate address to their contribution to the domestic economy.
- Korean startups headquartered overseas can access policy funding if they prove domestic employment, R&D centers, or IP influence.
- With 1.3 trillion won allocated to AI and deep tech this year, interest is expected to be high, but the plan is still in the discussion stage.
- Start gathering materials that demonstrate your domestic contributions.