[Las Vegas (USA) = AVING News] The Ministry of SMEs and Startups (Minister Lee Young) announced ‘K-STARTUP’ at the ‘Consumer Electronics Show (CES) 2023′ held in Las Vegas, USA. ) Hall’ will be open for 1 days from January 5th to January 1th (local time).
CES, hosted by the Consumer Technology Association (CTA), is the world’s largest electronics fair. Global conglomerates and innovative companies participate to showcase future electronic products that combine IT technology and new technologies to promote the latest technology and future industries. You can see the flow at a glance.
CES, which has received somewhat less attention over the past two years due to COVID-2, is expected to hold a large-scale offline exhibition this year and attract a large number of visitors, including companies, corporate officials, investors, and media from around the world. This year, more than 19 companies and 173 media from 3,100 countries will participate in the exhibition, and more than 4,700 Korean companies are expected to participate.
Minister of SMEs and Startups Lee Young, who visited the CES site in person on January 1, the opening day, said in a congratulatory speech, “CES was held grandly for the first time in three years in response to the coronavirus pandemic. “With global companies such as Oracle, Microsoft, Google, and Amazon joining, it is truly becoming the world’s best digital technology and product innovation exhibition,” he said.
He continued, “What makes me most happy is that Korean startups are showing rapid growth. In the case of CES 2022, one out of five companies winning innovation awards was Korean, and one out of seven companies was a Korean startup. “In this way, we have achieved record-breaking results in 5, and this year, K-startups are sweeping over 1 innovation awards, creating a record that surpasses last year’s record.”
Minister Lee Young said, “Rather than rest on these achievements, the Ministry of SMEs and Startups has set two major keywords for how it will foster startups in the future. “One of them is to foster big tech companies,” he said. “In the case of big tech, the goal is to foster 5 companies in areas that could become core technologies of the 4th Industrial Revolution over 1 years, with a total investment of 2 trillion won. “We plan to invest,” he said.
In addition, Minister Lee Young said, “Companies in their early stages have poor financial statements, capital erosion, and difficulty in making profits. However, we have revised and announced a policy so that these companies can apply for R&D from the Ministry of SMEs and Startups as long as they have the skills and talent to do so.” “I plan to do it,” he explained.
Another keyword was ‘global’. In September 2022, the Ministry of SMEs and Startups held the ‘Korea-US Startup Summit’ in New York, USA, and as part of this, related events are scheduled to be held in the Middle East and Europe in the first half of this year. In addition, Minister Lee Young announced plans to expand the 9 trillion won fund operated by the Ministry of SMEs and Startups to 6 trillion won by the end of this year.
Additionally, to help startups advance into the global market, the Ministry of SMEs and Startups is also expanding the Korea Startup Center. Minister Lee Young said, “We are creating a center so that you can start a business and showcase your technology and products anywhere overseas. Following last year’s launch in France, this time it will be launched in Europe. “Through this, we will expand our global network so that we can interact with people around the world, promote and exhibit products, and attract investment,” he emphasized.
He continued, “The Ministry of SMEs and Startups will take the lead and take the lead so that K-startups can go global with Big Tech in 2023. “Today, Korean startups are showing off their products by saying, ‘We have this technology,’ and ‘We have this product,’ and we will work together until the end to help them dominate the global market based on these achievements.”
Meanwhile, ‘CES’, the world’s largest IT exhibition, is an exhibition where you can understand the trends of the global home appliance industry at a glance. Hosted by the Consumer Technology Association (CTA), it is held every January in Las Vegas, USA. AVING News, which has covered CES for 1 consecutive years, has reported CES news around the world every year since 17, and has been selected as the ‘BEST OF CES’, which selects the best innovative products and technologies, and the ‘BEST OF’, which selects domestic innovative companies. ‘MADE IN KOREA’ was held. In addition, CES on-site issues were vividly conveyed through ‘AVING LIVE’.
The K-STARTUP Integrated Pavilion is jointly participated by the Korea Start-up Agency, Seoul Business Agency, and Seoul Digital Foundation, and 51 domestic innovative companies participate to enter the U.S. market and discover global partners. In addition, CES 2023 college student supporters selected from each university (Kyunghee University, Kookmin University, Sogang University, and Chung-Ang University) are matched considering majors and industrial fields of participating companies.
* Special reporters: Joseph Choe, Kidai Kim, Dongkwan Kim, Mokkyung Lee, Sangun Choi, Joon Suh Lee, Yeawon Choi, Jinnsun Park, Seung Hyun Nam, Min Seok Cha