Born2Global Centre has signed a tripartite MOU with Sejong Technopark and Turkey's Fark Labs in a bid to help mobility innovators gain a global competitive edge.

 

The new partnership comes as one of the Sejong National Innovation Cluster's non-R&D endeavors in global exchanges, and will see the three parties collaborate in funding and supporting development of self-driving mobility, smart city, and other innovative technologies. More specifically, they will cooperate in the acceleration and initial funding of startups—helping them enter the Turkish and European markets, creating a body of startup references, and supporting startup information sharing and R&D at the local level.

 

Jongkap Kim, Chief Executive Director of Born2Global Centre, asserted that “A working relationship between global mobility innovator Fark Labs and staunch supporter of self-driving technology developers Sejong Technopark will play an important role in enabling the Korean smart city and future mobility industries to reach global heights,” while citing Fark Labs' foremost commitment to funding and developing mobility companies; he added that he was “Looking forward to seeing companies in the field of mobility enjoy much support in developing global competitiveness.”

 

Upon signing the three-party MOU, Born2Global Centre hosted the first official event, the 2021 Future Mobility Business Talk online on November 25, where Fark Labs mobility and startups programs leader, Bathuhan Baybali took the time to share with Korean companies, stakeholders in Korea's startup ecosystem, and other participants some strategies for starting business in the European and Turkish mobility markets.



 

"Korea(B2G)-China(Dongguan) Tech-matching day" was held at 28th Sep.

This event was hosted by "Songshan Lake International Innovation and Entrepreneurship Community" and co-hosted by "Born2Global Centre" and "DITC"(Dongguan International Technology Commercialization Center), 4 Born2Global’s member companies also participated in the event. 


There were some meaningful outcomes came out of this event including 2 MOUs executed between Born2Global and DITC as well as “Linkflow: (Born2Global’s member company) and "imakerbase" (the Dongguan manufacturing innovation company for business cooperation). 

 



Born2Global’s Chief Executive Director JongKap Kim on behalf of Born2global Centre welcomed the business development with Dongguan with its geographical advantages and importance in the global technology market.

In addition, he added that MOU with Dongguan will become a cornerstone for mutual cooperation with Dongguan companies. 

 

 


 

 

Born2Global Centre signed an MOU with the Abu Dhabi Investment Office (ADIO) on Aug. 25 to help innovative Korean technology startups make a foray in the Middle East, the agency announced on Aug. 30.

 

Affiliated with the Ministry of Science and ICT, Born2Global Centre is a full-cycle service platform for global expansion of Korean startups.

 

ADIO was established to support foreign innovation-powered technology companies in entering Abu Dhabi.

 

Under this agreement, the two organizations will set up a startup ecosystem, promote exchanges of innovative technologies, devise measures to help Korean companies advance into the Middle East by setting up joint ventures in Abu Dhabi, and provide various benefits for Korean companies to enter Abu Dhabi.

 

Through this agreement, Born2Global Centre aims to help innovative Korean technology startups expand their business in the Middle East market based on the United Arab Emirates.

 


 

 

Born2Global Centre signed a memorandum of understanding (MOU) with Innpulsa Colombia, a startup accelerator and incubator under the Ministry of Trade and Tourism of Colombia, on the 16th to develop a joint venture business model between Korea and Colombia and to attract global investments.

 

According to the agreement, Born2Global Centre will spearhead efforts to strengthen joint venture partnerships that will help foster businesses in Latin America through on- and offline  meetups and events centered around tech-matching and collaborations amongst deep-tech startups in Korea and Colombia.

 

In doing so, there will simultaneously be collaborative promotions between the deep-tech startups of both countries to support mutual market entry, knowledge exchanges through events and programs, and global investments into these joint ventures. 

 

Jong Kap Kim, the Chief Executive Director of the Born2Global Centre, said, “Colombia is a major player in the Latin American startup ecosystem, alongside Brazil, Mexico, Argentina, and Chile and is a highly strategic entry point for Korean innovative tech startups expanding into the Latin American market.”

 

Furthermore, he added that “through the agreement with Innpulsa Colombia, Born2Global Centre will actively develop cooperative projects to help Korean companies enter Colombia, as well as to provide all-around support in discovering Korean-Colombian startup joint ventures and investment connections.

 

Meanwhile, Born2Global Centre has also been working with the IDB Lab since last year to operate the 'LAC-Korea Deep Tech Exchange Program' in discovering and matching top innovative Latin American and Korean tech companies.

 

Through this joint venture project from Latin America, candidates discovered through online meetups are to submit a partnership proposal and upon approval from the IDB Lab, consultations and funds that contribute toward a joint venture will be provided.

 

Born2Global Centre held more than 7 online meetups with Argentina, Colombia, Mexico, Bolivia, and Peru until March, and through these sessions, five Korea-Latin American startup joint venture partnerships were formed.


 



Born2Global Centre has joined forces with tech affiliates Naver Cloud, Korea Software Industry Association (KOSA), GS Global, and Yozma Group Korea to foster global software-as-a-service (SaaS) companies.

 

The five-party business agreement (MOU) was signed on May 7th at Naver Cloud’s Gangnam office building in a joint effort to discover innovative technology-based SaaS companies and support global expansion.

 

The launch of the SaaS N (Successful And Absolute SaaS in Ncloud) consortium program is a partnership-based program that aims to foster global SaaS companies through a multifaceted collaboration model.

 

The 3 components of this all-encompassing support system comprises technical, business, and global sales channel development elements, and the completed SaaS solution will be fully supported for global business expansion, which will be headed by Born2Global Centre through Product-Market Fit (PMF) consultation for respective global markets.

 

Kim Tae-chang, who heads the Naver Business Platform unit said, “Through this program, we have prepared a systematic operation process for SaaS N through organic collaboration with local and global software experts. We will work to promote and strengthen domestic SaaS competitiveness."

 

The chief executive director of Born2Global Centre Jongkap Kim added, “The Centre has already proven that the global success of domestic SaaS companies is possible through Sendbird, a member company we have supported in its global advancement since its early days. We will do our best to create growth models for the SaaS companies and produce the next generation of SaaS unicorns.”


 

Born2Global Centre, which supports technology companies' global expansion, announced on December 17th that it signed a memorandum of understanding (MOU) with Continental Automotive Korea, a global German company, on the 16th.

 

Consequently, Born2Global Centre is planning to start verifying technologies on the basis of business links between South Korean companies and Continental. Additionally, the two sides will cooperate in co-planning startup support programs, providing Continental’s overseas networks, jointly discovering promising mobility startups, connecting them to Continental Global Innovation projects, and sharing information on global mobility trends. Korean innovative technology companies will participate in technology verification projects organized by Continental to ensure that domestic innovative technology companies are verified in the local market, allowing the exportation of services and products.

 

Born2Global Centre will establish and oversee the three-way communication channels between innovative technology companies and Continental. It will lead in consulting based on the companies’ target-market entry and design strategies for technology verification and commercialization. Additionally, Born2Global Centre will help develop technologies through corporate analysis and provide a framework for work efficiency. Continental will present future synergy effects of commercialization based on value propositions and technology verification through various technologies and businesses.

 

Furthermore, Born2Global Centre has been putting forth collaborative efforts since earlier in May to identify companies that will participate in the Continental Global Innovation Project by holding one-on-one matching and technical verification meetings. Twenty-four technology companies competed in the first round, and Dot, Sentone, and Warp Solutions were selected to move onto the second round upon evaluation.

 

Thereupon, Dot, a wearable braille service-based startup, had been selected as the finalist in the 2021 Continental Global Innovation Project. Dot plans on launching a technology verification project conducted by Continental early next year. Sentone, another member of Born2Global Centre, is also in talks with Continental to verify its technology in Korea.


 

 

 

By Hyunjin Choi

 

Born2Global Centre (Chief Executive Director Jongkap Kim) held the Middle East Roadshow in UAE and Bahrain on September 21st-28th to develop Middle Eastern markets.

 

Born2Global has prepared this roadshow for selected startups to penetrate the Middle Eastern ICT markets in an effective way. The roadshow was packaged with various sessions such as IR pitching, one-on-one business meetings, and so on.

 

Among the selected startups in attendance were Bluevisor(A.I. Wealth Management Platform), Visual Camp(Eye tracking solution), Luxrobo(IoT robotics), Chequer Inc.(Database IDE tech), and 10 minds(Smart health & beauty industry).

 

In the IR pitching event, top-tier buyers across the Middle Eastern countries as well as local buyers in UAE and Bahrain took part, increasing the chance for emerging Korean startups to enter the Middle Eastern markets.

 

As a result, the AI-enhanced investment solution provider, Bluevisor signed MOU on applying the wealth management platform to Digital Bank. Nvelop Holding, the early stage investor in Dubai is planning to found Digital Bank with other major investors, ADS Securities and Noor Capital. Moreover, VisualCamp, the mobile eyetracking technology provider discussed PoC(Proof of Concept) to introduce its mobile app solution to Dubai Expo 2020.

 

With major Middle East organizations including Dubai future foundation, District 2020, AIM 2020, and Bahrain Economic Development Board, Born2Global Centre exchanged views on the ways for Korean startups to advance to Middle Eastern regions. Born2Global will establish a close liaison system with these agencies to come up with cooperative measures for the development of the regions.

 

 

cooperationvk_in.jpg

As President Moon Jae-in visits Vietnam, the Minister of Trade, Industry and Energy Paik Ungyu (right) and Vietnam’s Minister of Industry and Trade Tran Tuan Anh sign a memorandum of understanding covering bilateral trade that’s expected to be worth some USD 100 billion by 2020, in Hanoi on March 22. (Ministry of Trade, Industry and Energy) 



By Jung Joo-ri and Hahm Hee-eun

Among Korea’s major trade partners, Vietnam is expected to become Korea’s second-largest destination for exports in the near future.

On March 20, the Korea International Trade Association (KITA) released a report titled “Vietnam Rising as the Second Largest Export Market by 2020” and outlined some positive prospects on the fast-growing Vietnamese market.

The KITA report says that Vietnam, Korea’s third-largest export destination in 2017, following China and the U.S., will overtake the U.S. and become the second-largest destination for Korean exports by 2020. Moreover, Korea’s exports to Vietnam are expected to increase sharply from the current level of around USD 47.7 billion to top USD 96.58 billion.

Steady economic growth in Vietnam and the Korea-Vietnam Free Trade Agreement (FTA) signed on Dec. 20, 2016, were the two major reasons for this growth in Korean exports to Vietnam. In fact, after the Korea-Vietnam FTA, Vietnam's exports themselves have increased by 31.9 percent, and Vietnam's economy grew by an average of 6 percent over the past four years.

Moreover, the report highlighted bilateral cooperation on other areas, too, such as renewable energy, smart cities and new industries, through continued growth in trade between the two countries.

Finally, the report said that export maximization strategies in connection with Vietnam’s FTA signatories, restructuring exports to increase the amount of consumer goods, and strengthening cooperation with local Vietnamese companies, could all help to expand Korea’s exports to Vietnam.


etoilejr@korea.kr

 

 


 

On March 22 K-ICT Born2Global Centre (B2G) held the “Go-To-Market Road show @ Hanoi: IR Pitching Event” at Grand Plaza Hanoi Hotel in Vietnam.

 

Ten innovative companies pitched their impressive ICT technology. Five judges, including experts VCs, accelerators, entrepreneurs and corporate partners assessed all the contestants on their company's technological, market and team competencies. As a result, MOIN in Korea and HACHI in Vietnam got selected as the most outstanding companies respectively. After the IR and networking session, technology and products of each company were demonstrated.

 

At the event, MOU was signed between Born2Global and Vietnam Silicon Valley (VSV). Both organizations agreed to cooperate in joint development of promising innovative technology companies in Korea and Vietnam and share enterprise support programs.

 

The programs consist of: 1) domestic and overseas investment of ICT sector's innovative technology companies, 2) joint establishment of key strategies for successful overseas expansion, 3) providing connection with the key programs needed for fostering companies, 3) sharing information on eco-system in each country to find ICT promising companies, 4) search for other effective and productive ways of mutual cooperation.

 


 

“We have signed a MOU to promote Korea's ICT promising innovative technology company in Vietnam which we hope will act as a booster,” said JongKap Kim, Chief Executive Director of B2G, as he kicked off the event. “Korea and Vietnam will work together to develop technologies and businesses. We will share our strategic know-how and look for ways to link them together,” he added.

 

 

 

Few of the participating companies are listed below:

 

 

Korean Companies

 

UlalaLAB (www.ulalalab.com)

A smart factory platform for control & analyze the data by AI, based on IoT and clouding for small and medium manufacturing companies. Just install the Wimfacotry on the equipment in the production line. It can check real-time data of factory facilities, operation status, and malfunction status.

 

BlueSignal (www.bluesignal.co.kr)

Predictor of future driving risk rates and traffic status based on traffic data and artificial intelligence algorithms. Highly effective for improving the prediction of transportation accuracy and traffic flow.

 

FlyHigh (www.flyhigh-x.com)

FlyHigh specializes in security. If there's a difference from an existing security company, FlyHigh is focusing on real results and convenience. So they create a product that's not existing. Or they make existing products easier and more effective. It is the secret FlyHigh won with big companies until now.

 

MOIN (www.themoin.com)

MOIN develops a global money transfer service based on Blockchain technology. MOIN provides overseas remittance among South Korea, Japan, and China at present and plans to expand into Southeast Asia countries

 

Hankook NFC (www.hankooknfc.com)

MySnappyPOS is an easy and instant payment service app for small/individual merchants who want to be able to accept credit card payments and Apple Pay, using only a smartphone. By enabling payments without a traditional POS system or credit card terminals, MySnappyPOS turns your smartphone into anywhere payment terminal.

 

GSIL (www.gsil.com)

GSIL’s Smart Construction Safety Management System is a total safety management platform for construction. GSIL provides accident prevention, safety examinations, field monitoring services and real-time worker location service solution using IoT wearables.

 

 

Vietnamese Companies

 

Peko Peko (www.pekopeko.vn)

Peko offers a suite of CRM and mobile payment platform that helps drive business online to offline retail shops in a sustainable and low-cost way. Through gamification, Peko rewards both shops and shoppers to transact together with the best value.

 

Hachi (www.hatch.com.vn)

Hachi system can apply hydroponic system, drip irrigation and IoT to increasing productivity to 50-300% higher than normal. We connect and help farmer sell vegetable to restaurant after they harvest.

 

689Cloud (www.689cloud.com)

Cloud-based platform and customized solution that makes simplify secured file sharing & collaboration on Cloud for internal & external business. 689Cloud developed by global team (US, JAPAN & Vietnam) experienced in Cloud & security solution since 2013, and launched to the market in Oct 2017, in Mar 2018 some major customers like VIB Bank, QTSC, UEL University started using the product.

 

Wework (www.wework.vn)

Online work management platform for enterprises: Flexibly manage multi projects, easy collaboration in real time notifications and dash board reports. 

Visual Camp, which has developed a VR eye-tracking technology that can be used with mobile phones, will soon be entering the Chinese market.

A member company of the K-ICT Born2Global Centre, Visual Camp announced that it has recently signed an MOU with Tsinghua University's new product research center (TusDW), finalizing the company's preparations to enter the Chinese market.

Under the MOU, Visual Camp will be supplying its eye-tracking technology to universities and research centers in China through TusDW starting in 2018.

Visual Camp's core technology is eye-tracking software that can be installed on VR/AR head-mounted displays (HMDs), enabling the provision of a user interface and services significantly differentiated from those of existing HMDs. Currently, it is one of the best companies in the world that has developed technology for a wireless VR HMD that can be linked to a mobile phone and is applicable to a wide range of areas. It is therefore expected to be a major technology for VR platforms, facilitating consumer actions inside virtual spaces, analyses of advertising effects, marketing research, and retail transactions.

Visual Camp's VR eye-tracking technology first received attention at Mobile World Congress (MWC) 2017, where it was featured on Samsung Electronics' next-generation all-in-one HMD reference model. At the K-Global@Shanghai pitching contest that was held earlier this month, Visual Camp ranked first place among 15 Korean and Chinese startups thanks to its revolutionary technology.

Visual Camp CEO Suk Yunchan said, "Having made significant improvements to our technology, Visual Camp now has the good fortune to be able to launch a B2B business in the Chinese VR market. We are especially excited about the results of the national economic delegation's Korea-China economic trade partnership." Suk went on to add, "We will be using our expansion into China this year as the bridgehead for our entry into the global market."

Visual Camp is already widely recognized for its technological competitiveness and growth potential. After its inclusion on the 2015 Red Herring Asia 100 list, which has featured prominent industry names such as Google, Facebook, Alibaba, and Samsung.

 

 

 

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