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Online and untact consumption has become the standard following the change in lifestyles due to COVID-19 that has even caused the advent of a new type human being, “Homo Untact.” The scale of online shopping, which reached KRW 135 trillion last year, is expected to exceed KRW 160 trillion this year. Residents of Seoul are...   Read more

Due to the COVID-19 crisis, it is unlikely that the management conditions of SMEs will be improved in the second half of the year. While SMEs are lessening investments in R&D aimed towards preparing the future driving force and facing difficult management conditions to employ new workers, the Seoul Metropolitan Government will be helping enterprises...   Read more

Try Everything 2020, a global start-up festival under the slogan “Try everything without fearing failure” that aptly describes the challenges start-ups take up, will be held for three days from Wed, Sep. 16 to Fri, Sep. 18 at The Shilla Seoul Hotel without an audience in a non-contact participation manner. 150 experts of the start-up...   Read more

The impact on startups of the prolonged COVID-19 crisis is more evident than before. The Seoul Metropolitan Government will turn the current crisis into an opportunity through leading, positive support for Seoul-based startups. The city will invest a total budget of KRW 50 billion to offer support for labor costs of “10,000 technological professionals” of...   Read more

Seoul will be hosting G-Valley Week for three days from Sep. 9-11 on an untact (non-face-to-face) basis (online). G-Valley Week is the representative festival of G-Valley, which is home to 11,000 companies and 150,000 employees. Once called Guro Industrial Complex, G-Valley (Seoul Digital Industrial Complex) is the first industrial complex to be designated by the...   Read more

The Seoul Metropolitan Government (SMG) will be expanding the scale of “Fintech Lab Seoul,” established and operating in Yeouido—the financial center of the city—as the nation’s largest fintech hub in order to accelerate the non-contact financial industry’s growth in the post-coronavirus era. The SMG will be drastically expanding the space of Fintech Lab Seoul from...   Read more

Companies stationed in Seoul’s “Social Venture Hub,” which offers comprehensive support from starting a business to operation to young people who want to launch a social venture, have achieved successful results in nine months since the hub’s opening despite the COVID-19 pandemic—yielding KRW 4.7 billion, attracting investments worth KRW 2.4 billion, and employing 51 new...   Read more

As start-ups are having difficulties attracting investments due to the prolonged extension of COVID-19, the Seoul Metropolitan Government (SMG) will support a total of KRW 10 billion with its “Comprehensive Package for Promoting Growth of Promising Start-ups” to help promising start-ups grow steadily. It has the aim of providing customized aid, such as commercialization, R&D,...   Read more

“AI Yangjae Hub,” established by the Seoul Metropolitan Government (SMG) in December 2017 to make Yangjae a special cluster for AI companies and talented workforce, is celebrating its third anniversary. Presently, approximately 80 fledgling AI start-ups are stationed in AI Yangjae Hub, paying low rent and receiving full-scale support from the SMG. The start-ups employed...   Read more

In October, Seoul will be opening the “Seoul International Finance Office” in Yeouido, the central financial district of the city. The office will be located on the 16th floor of One IFC (International Finance Center), accommodating 1-30 persons for up to 5 years. The office is a special space for attracting and integrating excellent financial...   Read more

The Seoul Metropolitan Government (SMG) will be providing housing support to the entrepreneurs of new growth engine industries that are experiencing difficulties due to the prolonged COVID-19 pandemic. The “Housing Support Project for Entrepreneurs” that will be launched this year will be operated in two ways: ① “60 rooms in sharehouses” with support for 50%...   Read more

□ The Seoul Metropolitan Government will give support to “coin karaoke rooms,” which are currently banned from hosting gatherings, with the Special Support Fund for Preventive Measures amounting to KRW 1 million. This is intended to support the livelihoods of small business owners who are experiencing difficulties with rent, personnel expenses, and other fixed expenditures...   Read more