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  • Seoul City Offering Incubation Office for Foreign Residents Looking to Start a Business

    SMG 5004
  • Seoul City Offering Incubation Office for Foreign Residents Looking to Start a Business

    Seoul Global Center is looking for foreign businessmen and women (or startups) who are looking to start a business or who have been managing one for a year at most to join their incubation office for the second part of the year.

    ※ Since 2010, the Incubation Office is a project that supports foreign startup founders based in Seoul who are either planning on starting a business or who have been managing one for less than a year to build entrepreneurship and the basis for stable business activities.

    While currently a total of 16 teams (13 teams in the Seoul Global Center, 3 teams in the Gangnam Global Business Center) have entered the office, by the end of the first half of 2018, a total of 160 teams will have had the opportunity to use the Incubation Office.

    Seoul Global Center Incubation Office selects occupants twice a year (once for each half of year) for a period of six months. The selected occupants (startups) are provided with various support programs such as business coaching, 1:1 mentoring per field, and other special lectures, and may be offered one-time extension of six months in the office after a five month-long evaluation.

    The Seoul Global Center will receive applications until June 4th, 2018. After a first document screening process, the occupants (startups) for the second part of the year will be selected through an interview. The selected teams will be able to use the Incubation Office for a period of six months starting July 1st, 2018, and may be offered a one-time extension of 6 months after an extension evaluation.

    Apart from offering support with its Incubation Office, the Seoul Global Center also provides basic business consultations and expert consultations on taxation, legal affairs, FDI, laws, customs and intellectual property rights related to startup procedures and preparations. Additionally, it runs networking events such as entrepreneurship training and Biz Fairs to enhance the percentage of foreign entrepreneurs in Korea and improve their business competitiveness.

    Inquiries:
    Seoul Global Center Website: global.seoul.go.kr
    E-mail: clare33@sba.kr
    Contact: +82-2-2075-4112

    Seoul City Offering Incubation Office for Foreign Residents Looking to Start a Business