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Seoul BroadCasting News

  • Seoul City Government to foster IT venture companies that solve urban problems

  • Seoul BroadCasting News SMG 38
    The city of Seoul has opened a new hub for IT start-ups—specifically start-ups that could help solve urban problems like health, security, the environment and infectious diseases. The facility is in the district of Seongsu.
    Up to 25 start-ups will be able to move in after an evaluation. They can stay for up to two years, paying monthly rent of just five dollars a square meter. There’s also space for mobile test beds and for investors who want to support businesses that have a positive impact on society.