Google to help South Korea start-ups

Jan 10, 2012
South Korea's telecommunications regulator said Tuesday it had signed an agreement with Google Inc. for the Internet giant to help nurture local start-ups and promote their advances into overseas markets.

South Korea's telecommunications regulator said Tuesday it had signed an agreement with Google Inc. for the Internet giant to help nurture local start-ups and promote their advances into overseas markets.

Under the memorandum of understanding, Google will help develop ideas and services and provide start-ups with personnel and funding, the Korea Communications Commission (KCC) said.

Google will also help such start-ups in tapping into overseas markets by providing them with chances to exchange with tech firms in .

reportedly plans to make an initial investment of some $1 million in a venture fund operated by KCC's Korea Internet & Security Agency, according to Moneytoday, a South Korean Internet news provider.

David John Collins, vice president of Google's global communications and public affairs, told journalists that his company sees Korea as "an important strategic" market and seeks long-term investment in the country.

Explore further: Google hits back at rivals with futuristic HQ plan

add to favorites email to friend print save as pdf

Related Stories

Google to set up YouTube channel for Korean pop

Nov 07, 2011

Google executive chairman Eric Schmidt agreed Monday to set up a YouTube channel exclusively for South Korean pop music, as he began a visit aimed at expanding his company's presence in the country.

SKorea fines Apple over iPhone data collection

Aug 03, 2011

(AP) -- South Korea's communications regulator fined Apple's local operation 3 million won ($2,830) for what it says is the illegal collection of iPhone user location information.

Eric Schmidt defends Google, mourns Jobs' death

Nov 08, 2011

(AP) -- Google chairman Eric Schmidt on Tuesday defended his company as a great innovator despite allegations from late Apple co-founder Steve Jobs that the Internet search giant stole ideas from Apple's ...

Recommended for you

Google hits back at rivals with futuristic HQ plan

6 hours ago

Google unveiled plans Friday for a new campus headquarters integrating wildlife and sweeping waterways, aiming to make a big statement in Silicon Valley—which is already seeing ambitious projects from Apple ...

Ericsson sues Apple over patent violations

14 hours ago

Swedish telecoms group Ericsson announced Friday a lawsuit against Apple claiming that the US tech giant continued to use its technology in iPhones and other wireless devices after refusing to renew a licencing ...

Stock market shrugs off net neutrality vote

22 hours ago

(AP)—The stock market largely shrugged off the Federal Communications Commission's vote to impose tougher rules on broadband providers like Comcast, Verizon and AT&T to prevent them from creating paid fast lanes for the ...

Judge orders suspension of WhatsApp in Brazil

Feb 26, 2015

(AP)—A judge says he has ordered the suspension of the globally popular instant messaging system WhatsApp across Brazil because it has allegedly failed to help in an investigation.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.