Korea Startup Centers supporting overseas expansion of Korean startups

QuaeryPie, a Korean security solutions company that entered the Japanese market with support from the Korea Startup Center (KSC), is being kept busy responding to requests for collaboration from Japanese companies. It recently signed a supply contract with leading Japanese IT and manufacturing companies such as TerraSky, Payroll, and Toyota Motor Corp.
KSC, supervised by the Ministry of SMEs and Startups and operated by Korea SMEs and Startups, is serving a role as a significant stepping stone for domestic artificial intelligence (AI) and data startups to expand overseas. It supports the settlement of companies that do not have enough capital and excellent manpower, and are hampered by their lack of understanding of local policies and systems.

According to the Ministry of SMEs and Startups, 104 of the 119 KSC-supported companies, or 87.3%, succeeded in entering overseas markets last year. Overseas sales they generated through this amounted to KRW 105.9 billion and investment attraction reached KRW 580.5 billion.
KSC has five offices in Seattle, USA; Hanoi, Vietnam; Tokyo, Japan; Paris, France; and Singapore. KSC Tokyo is located in Toranomon, Minato Ward, Tokyo, which is a densely populated area with Japanese financial institutions, public institutions, and major corporate headquarters.
Shaple&Company, a provider of software-as-a-Service (SaaS)-based field work efficiency solutions, also successfully entered the Japanese market with KSC’s assistance. In particular, KSC’s active support has become a big help in expanding its business by forming bridges with large company partners such as Hyosung Japan and Samsung Japan.

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