South Korea's Ministry of SMEs and Startups said it held a launch ceremony Monday for the 'Global K-Founders Network in India' at the Global Business Center (GBC) in New Delhi.
The Global K-Founders Network is an international project the ministry is starting this year to connect Korean entrepreneurs and investors working across the world.
The ministry said it plans to step up efforts to help Korean startups expand overseas, including through high-level talks with the Indian Institutes of Technology (IIT).
Starting with the India launch, the ministry said it will broaden exchanges to major regions including the United States, Europe and Southeast Asia, aiming to build a sustainable, private-sector-led framework for international cooperation.
The ministry said it chose India as the first hub for supporting Korean startups abroad, citing the country's large domestic market and strong human resources.
On Sunday, the ministry said it activated a Korea-India SME cooperation working group with India's Ministry of Micro, Small and Medium Enterprises and signed a memorandum of understanding to build a partnership to support small and midsize companies entering India.
First Vice Minister Noh Yong-seok said, “If India's outstanding talent and Korea's innovative startup capabilities come together, it will create strong synergy, and we will further solidify cooperation between the two countries' startup ecosystems so that Korea's 'Entrepreneurship for All' can succeed on the global stage as well.”
* This article has been translated by AI.
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