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Tech4Good Strengthens S. Korea-France Startup Ties

Source: FKCCI

Seoul, South Korea - The Tech4Good Tour 2023, organized by La French Tech Seoul in partnership with the French-Korean Chamber of Commerce and Industry (FKCCI), concluded in Seoul on November 10. 

The event, from November 6 to 10, focused on strengthening collaboration between South Korean and French startups, with a particular emphasis on deep tech and green tech.

Why It Matters

Launched in 2019, Tech4Good aims to facilitate economic exchanges and promote environmentally and socially responsible solutions between France and South  Korea. 

The Tech4Good Tour 2023 reflects ongoing efforts to strengthen economic and technological cooperation between France and South Korea, an increasingly influential partnership in the global tech landscape.

The Main Highlights

  • The 2023 edition coincided with the 10th anniversary of La French Tech, where a delegation of French startups and entrepreneurs interacted with the Korean startup ecosystem. 

  • This included meetings with entities such as the Ministry of SMEs and Startups (MSS), Invest Seoul, KISED, and KITA, and visits to places such as the Incheon Free Economic Zone (IFEZ) and the Seoul Startup Hub.

  • Key activities of the tour included French Tech's participation in Come Up+ and Global Startup Night, events co-hosted by MSS and FKCCI focusing on the technology and cosmetics industries. 

  • The Tech4Good Summit, held on November 10 at Dongdaemun Design Plaza (DDP), included health and green tech discussions. The event also featured a startup pitch competition, with BBalance winning first place and a $10,000 prize.

What Else? 

In terms of the startup and innovation sector, South Korea reported nearly 30,000 startups in 2022, including 22 unicorns and 130 VC funds. 

France's figures included 25,000 startups, 27 unicorns, and 423 VC investors.

La French Tech Seoul, founded in 2013, supports 245 startups in 115 cities worldwide. 

The FKCCI, founded in 1986, is a significant player in Franco-Korean business relations, with more than 450 members and a more extensive network of 30,000 companies.