South Korea Ready to Support Indonesia Startup Development
By : Herry Barus And Aldi Firhand. A | Friday, April 20 2018 - 22:12 IWST

startup illustration
INDUSTRY.co.id - Jakarta- South Korean Ambassador to Indonesia Kim Chang-beom admits ready to support startup development in Indonesia.
During the visit of South Korean President Moon Jae-in to Indonesia in November 2017, the Korean government has been in dialogue with the Indonesian government represented by the Ministry of Communication and Information and the Creative Economy Agency to discuss how to create 1,000 startup Indonesia by the end of 2020, an ambitious target initiated by President Joko Widodo.
"The South Korean government is working with the two ministries to encourage the startups of the two countries to collaborate with each other," said Ambassador Kim in Jakarta on Thursday (19/4/2018)
South Korea has long been home to a number of tech company giants.
But in recent years the country on the Korean Peninsula has become a fertile ground for pioneering or startup companies with young Koreans looking to try to open their innovation business.
Startup growth in South Korea is important considering that for a long time the Ginseng Country's economy depends on large-scale industries such as those in the automotive, shipping and construction industries.
In just over six decades, after the Korean War was over, South Korea is now enjoying rapid progress.
The once-poor country of the Korean peninsula has now become Asia's fourth largest economy and the eleventh in the world.
Nevertheless, with GDP values reaching approximately US $ 1.5 trillion by 2017, there is anxiety that South Koreans feel if they can not continue to depend on such large industries as their growth will be limited due to market saturation and competition in various parts of the world.
The South Korean government also realized they had to find a way to open new businesses and jobs.
Reflecting from the experience of developed countries that successfully through the crisis by investing in technology pioneering companies, South Korea also follow their steps.
Read Also
Wireless Logic Selected By Thales As IoT Connectivity Partner
Totolink Strengthens Commitment to Innovative and Reliable Network…
BDDC Inaugurates JST1 TIER IV Data Centre in Jakarta to Strengthen…
MoreLogin, the World's #1 Antidetect Browser, Showcased at Affiliate…
Experts gather in Nanning to support high-quality development of…
Today's Industry

Jumat, 28 Maret 2025 - 22:21 WIB
SUNeVision Initiates MEGA IDC Phase Two Development
SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…

Jumat, 28 Maret 2025 - 22:07 WIB
TDL Records New Revenue Record of IDR 25 Trillion in 2024 Ahead of 50th Anniversary
PT Metrodata Electronics Tbk (MTDL), the largest technology Company with the most complete IT and telecommunications products in Indonesia, managed to record a revenue of IDR 25 trillion in…

Jumat, 28 Maret 2025 - 21:53 WIB
Microvista Expands International Presence with Mobile CT System ScanExpress
The German specialist in industrial computed tomography and non-destructive testing, Microvista, announces the European expansion of its innovative mobile CT system, ScanExpress. The system…

Jumat, 28 Maret 2025 - 21:44 WIB
Turning Loss into Profit, INOV Optimistic in Maintaining Positive Performance this Year
PT Inocycle Technology Group Tbk (INOV:IJ) Indonesia's leading and largest PET waste recycling Company managed to book sales of IDR 629 Billion in 2024, an increase of 4.8% compared to the previous…

Senin, 24 Maret 2025 - 20:39 WIB
President Prabowo Welcomes Ustaz Adi Hidayat, Representatives of Al Azhar University of Cairo at Presidential Palace
President Prabowo Subianto received a visit from Ustaz Adi Hidayat and representatives from Al Azhar University of Cairo at the Presidential Palace, Jakarta, on Friday (03/21). The meeting proceeded…
News Comment