Search results for Ministry of SMEs and Startups
AI & Enterprise
Three South Korean AI startups target global AI market using Oracle Cloud
Korea Oracle said VMIC, PromptTown and KAB Labs joined Oracle’s startup cooperation program Miracle and enhanced industry-specific work processes using Oracle Cloud Infrastructure. It said Miracle is jointly run by Oracle, the Ministry of SMEs and Startups, KISED and Seoul National University of Science and Technology. The companies reported lower infrastructure costs, faster processing speeds and plans to support customers across global hubs.
AI & Enterprise
SKT steps up AX support for startups to offer A.X K1 API
SK Telecom said it will support artificial intelligence transformation projects by providing an API for its in-house AI model, A.X K1, to help Korean startups develop AI services. The company said it joined the Ministry of SMEs and Startups-led 2026 Everyone’s Challenge AX-LLM and will collaborate with three startups. SKT said it selected Teamlimited, Purcelli and Devall Company after screening with outside experts.
AI & Enterprise
Korea to lower public procurement barriers for AI products, support fees for vulnerable groups
South Korea will prioritise AI products and services in public procurement and allow support for AI service fees for vulnerable groups. The science ministry said revisions to an enforcement decree under the AI Basic Act passed a Cabinet meeting on July 14 and will take effect on July 21. Verified AI products will receive procurement benefits from August, including eased contract requirements and scoring incentives. The scope of AI-vulnerable groups eligible for support will expand.
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Industry
Postmen to check on residents and help with surveys as Korea Post expands public role
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Finance
Shinhan Financial forms 100 billion won venture fund of funds to invest in future growth industries
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Finance
Naver Pay launches venture capital platform to widen startup investment access
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Finance
KB Financial expands solidarity finance to support growth of social enterprises
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Industry
Douzone Bizon publishes sustainability management report
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Telecommunications & Media
KT wins two categories at National Service Awards, strengthens customer benefits
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Finance
Big tech financial platforms tighten internal controls; banks compete for young customers
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Industry
South Korea launches megaprojects spanning Samsung, SK fabs, AI robots and data centres
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Industry
Govt unveils \'K-Palantir\' strategy, targets five unicorns by 2030
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AI & Enterprise
Younglimwon SoftLab\'s EverAsk wins grand prize in corporate culture innovation platform category at National Service Awards
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Industry
Samsung Electronics Service wins national service award for home appliance after-sales for second straight year
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Finance
Habit Factory selected for SMEs ministry \'Unicorn Bridge\' programme
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AI & Enterprise
SMEs ministry says personal data of 5,000 winners in \'Everyone\'s Startup\' project leaked
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Industry
Postmen to verify demolition of closed shops, streamlining on-site inspections
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AI & Enterprise
Worksphere seeks firms for 2026 overseas worker employment matching support programme