Minister Lee So-young recently visited small and midsize businesses and local commercial districts in Ulsan and North Gyeongsang, it was found on the 1st. The Ministry of SMEs and Startups (MSS) said the Minister continued a two-day, one-night field schedule from Oct. 30 to 31.
The Minister met students from deep tech (technology-centered startup) clubs at Ulsan National Institute of Science and Technology (UNIST). They explored various ways to invigorate the youth startup ecosystem. The students said support such as graphics processing units (GPUs) needed for artificial intelligence (AI) development is necessary.
The Minister visited HANJUNG NCS in Yeongcheon, North Gyeongsang, which manufactures cooling systems for AI data centers. In Andong, the Minister visited the industrial hemp (marijuana) regulation-free special zone and attended the opening ceremony of Korea’s consumer festival, the “Korea Grand Festival.”
The Minister also visited the original downtown commercial district in Yeongju, North Gyeongsang. The area is growing its commercial base around various foods and brands, including “Yeongju Octopus 1955.” The Minister said, “Government policy starts in the field,” adding, “We will create changes that the public and corporations can feel, including regional startups, manufacturing innovation, and revitalization of small merchants.”
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