LVMH, OpenAI, LG deepen ties with startups in S.Korea

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LVMH, OpenAI, LG deepen ties with startups in S.Korea - Korea Economic Daily

Quick Summary:

Camp, a Korean startup accelerator backed by the Banks Foundation for Young Entrepreneurs, took Korean startups to Japan to allow them to unlock opportunities through collaboration with Tokyo Broadcasting System’s (TBS) corporate venture capital (CVC) TBS Innovation Partners LLC to develop products and technologies tailored to Japan.

Korean healthcare startup Exosystems has also teamed up with Swiss multinational pharmaceutical company Roche to develop medical devices to diagnose and treat musculoskeletal disorders, a rare disease comprising diverse conditions affecting bones, joints, muscles and connective tissues.“The collaboration with globally renowned Roche is expected to facilitate our global advance,” said Lee Hoo-man, founder and chief executive of Exosystems.

Korea’s Ministry of SMEs and Startups has invited 11 international tech giants including Nvidia, Microsoft, Amazone Web Services, Siemens and Intel this year to work with Korean startups via its Collaboration Program with Global Companies.