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  • Transformative new measures announced by Korean government to fuel digital economy and promote global collaboration


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    The focus of the “Korean New Deal”, announced by the government to ensure sustainable and impactful economic growth amid the pandemic, lies in the “Digital New Deal” in which AI algorithms are to be developed through AI/X projects currently underway for 5G and AI convergence and proliferation.

     

    The Ministry of Science and ICT held a joint information session with related ministries for a national innovation “Digital New Deal” project to address the economical and societal implications of the COVID-19 pandemic. 

     

    During the session, 23 projects were presented with an emphasis in the following major areas: D.N.A. (Data, Network, AI) ecosystem reinforcement, education infrastructure and contact-free industry, and SOC (social overhead capital) digitalization. 

     

    In line with the national focus on developing deep tech industries and companies to prepare for post-COVID digital transformation, Born2Global Centre, in fulfilling the role of a global accelerator and incubator, continues to foster Joint Ventures (JVs) through tech-matching companies in Central and South America, the Middle East, the United States, Europe, and beyond, promoting collective research and development endeavors, and penetrating international markets through the wide range of services and programs offered. 

     

    In 2020 alone at the height of the COVID-19 pandemic, Born2Global Centre has conducted over 1900 expert consultations, established 4 overseas corporations, forged 140 international partnerships and contracts, completed 96 overseas intellectual property applications, and achieved over 219 million USD worth of total domestic and international investments for the member startups.

     

    As a focal center in current efforts to advance deep-tech innovative companies into the Latin American region, Born2Global Centre is working with 18 Latin American government affiliations - including Mexico, Argentina, Chile, Colombia, Peru, and Bolivia - in Korea, as well as accelerators in 20 major Latin American countries. 

     


     

    Jongkap Kim, the Chief Executive Director of Bon2Global Center, noted that “the Latin American market, which was considered difficult to access due the physical distance, is now able to find a suitable local partner through this JV overseas expansion support.”

     

    To date, Born2Global Centre has conducted six online meetups as part of the Deep Tech Exchange Program of the IDB Lab, which is the innovation laboratory of the Inter-American Development Bank Group. More contact-free meetups have been aligned, gradually to increase the number of global market pioneers, thereby continually supporting JV overseas expansion. 

     


     

     

     


     

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