The Seoul Metropolitan Government will lease to eight foreigners possessing items for business startup the four Incubation Offices at the Seoul Global Business Support Center in COEX in Gangnam, and another such center that is due to open at the Seoul International Finance Center in Yeouido on November 17.
The available Incubation Offices include three office units measuring 5.75 sq. meters each in the Gangnam Center, and one 25.9 sq. meter unit in Yeouido. The Gangnam offices will be provided individually, while the Yeouido Office will be shared by five would-be startup entrepreneurs.
The City Government will provide foreign tenants in incubating offices with one-on-one incubating services, including essential information that is required for the actual starting up of a business, such as targeting one’s market and acquiring patents, as well as basic information concerning the startup process, the acquisition of permits and approvals, and labor affairs.
The new tenants will be able to use the offices from this December to May of next year. Foreigners wishing to occupy the offices are required to submit application forms, including detailed business plans, between November 11 and 21. The applicants will undergo a review, and the finalists will be announced on December 2.
The Seoul Global Business Support Center provides a one-stop service on business activities, including startup and investment, to foreign invested companies and international residents in Seoul. The centers offer other information on the domestic business environment and the laws and regulations on business startup and investments, which is necessary for living in Seoul, in English, Chinese and Japanese for free.
Recruitment of tenants at the Incubation Offices will be announced on the Seoul Global Center’s website at (http://global.seoul.go.kr/).