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Finance

IBK Industrial Bank of Korea seeks commitment to fund for startups at regional national universities

IBK Industrial Bank of Korea is working with South Korea’s Education Ministry and nine regional national universities to support commercialisation of university-held innovative technologies and foster regional startups. The bank signed a multilateral agreement on July 28 to promote technology transfer and business development and to support the growth of university startups. It will build a cooperation framework for investment links and identifying promising local firms, and pursue matching commitments to a dedicated fund for research- and technology-based startups.

Crypto

Dunamu\'s Upside Academy marks two years, places security talent at Samsung Electronics and others

Dunamu\'s Web3 and cybersecurity talent program, Upside Academy, is marking its second anniversary and producing security hires at major IT companies, including Samsung Electronics, Dunamu and others, the company said on Wednesday. Since launching in July 2024, it has selected 72 trainees across four cohorts with average competition of 15 to 1. Dunamu said 63 percent of graduates found jobs and the program has expanded a university credit-link system to eight schools.

Industry

MSIT, education ministry select four national research labs with annual 10 billion won support

South Korea has selected four university-affiliated research institutes as National Research Labs (NRL 2.0) to lead basic research. The Ministry of Science and ICT and the Education Ministry said support will begin on July 1. Each lab will receive up to 10 billion won a year for up to 10 years, though 5 billion won will be provided this year for six months. Funding levels may change depending on future budgets.