The Seoul Metropolitan Government (SMG) will open Youth Employment Academy that provides free education to job seekers in their 20s and 30s who have the basic vocational skills and the will for employment to develop practical competencies for new digital technologies of Industry 4.0, such as AI and fintech, and also helps them find jobs...   Read more

Seoul ranked 16 on the Global Startup Ecosystem Report 2021 announced by the US-based innovation policy advisory and research firm Startup Genome, and Seoul’s ecosystem value was assessed at KRW 54 trillion (USD 47.2 billion). This assessment was conducted on 280 cities in 100 countries around the world, and Seoul ranked four spots higher than...   Read more

Around 200 prominent figures in the startup ecosystem, such as startup experts and investors, from 15 countries, including the US, UK and Canada,. will gather up online and offline. The Seoul Metropolitan Government (SMG) will host the global startup festival Try Everything from Wed, Sep. 15 to Fri, Sep. 17 for startup players, including prospective...   Read more

The Seoul Metropolitan Government (SMG) is holding the Seoul Forum on Citizen Participation from Fri, Aug. 27 to Sat, Aug. 28 to share the results and future vision of participatory budgeting (PB), which marks the 10th year of introduction by the SMG since 2012. The forum will serve as a global platform to diagnose the...   Read more

Companies stationed in Seoul’s Social Venture Hub, which provides one-stop support to young entrepreneurs from incubation to operation, are producing noticeable results despite the COVID-19 pandemic. In just 20 months since joining the hub, they recorded KRW 14.3 billion in cumulative sales, attracted KRW 8.1 billion in investments, and 161 new jobs. The Seoul Metropolitan...   Read more

The Seoul Metropolitan Government (SMG) is recruiting entrepreneurs-to-be and startups for a global startup festival “Try Everything.” Participants will get opportunities to have a one-on-one discussion on attracting investments with 97 investment agencies (venture capital firms and startup accelerators) and around 100 intellectual property agencies (patent attorneys). Hundreds of startups can also share their know-how...   Read more

The Seoul Institute announced the results of the survey on the actual economic sentiment of Seoul consumers and the economic policies they want from the Seoul Metropolitan Government (SMG) in the second quarter.” The consumer confidence index,* which indicates Seoul citizens’ economic sentiment, including expectations of livelihood, recorded 92.9 in the second quarter of 2021,...   Read more

Since 2009, the Seoul Intellectual Property Center has been providing support to reinforce the intellectual property (IP) rights of SMEs and enhance their competitiveness. Over the past 11 years, over 11,000 companies have received a total of 18,330 cases of support. They acquired 5,478 new IP rights, including domestic and international patents, and 1,808 cases...   Read more

The Seoul Metropolitan Government (SMG) succeeded in attracting the CABEI’s Korea office to the capital. The success came three months after the SMG showed its intent to invite the organization and started the negotiation. To support public and private investment in regionally balanced development and economic integration, the CABEI was established in 1960 as a...   Read more

The Seoul Metropolitan Government (SMG) is creating a metaverse to promote promising Seoul-based startups in a collective virtual shared space that converges virtually enhanced physical reality and physically persistent virtual space. The SMG will open the Seoul Startup Hub via ZEPETO, a global metaverse platform with over 200 million global users. The term “metaverse” is...   Read more

The Seoul Metropolitan Government (SMG) opened Seoul Startup Hub Ho Chi Minh in Vietnam. Seoul Startup Hub Ho Chi Minh aims to help domestic startups lay the foundation for its expansion into overseas markets through aggressive support from international public agencies. This first global hub of Seoul Startup is the first international case of the...   Read more

The Seoul Metropolitan Government (SMG) signed a memorandum of understanding (MOU) on joint MICE marketing with provincial offices of Gyeonggi-do, Chungcheongbuk-do, Jeollabuk-do and Gyeongsangnam-do. This agreement came to fruition after proposing other local governments nationwide to conduct joint marketing. The proposal was based on the anticipation of potential demands for MICE as COVID-19 vaccination began...   Read more