S. Korea to create startup networking center in Finland, Sweden

South Korea will build a startup center in Finland and Sweden to help fledgling Korean companies establish networks in the fast-growing startup hubs of Nordic Europe. Korean President Moon Jae-in held a summit meeting with his Finnish counterpart, Sauli Niinistö, at the presidential palace in Helsinki on Monday (local time) to discuss areas for further cooperation in startup activities. Moon is on a weeklong tour around Northern Europe that will include state visits to Norway and Sweden. Korea’s Ministry of SMEs and Startups and Finland’s Ministry of Economic Affairs and Employment agreed to set up Korea Startup Center (KSC) in Finland. The Korean ministry is expected to sign a similar memorandum of understanding with Sweden on Saturday.