China shows interest in Korean universities’ technologies
The first investment briefing of Korea U.-Sogang U. Holdings’ subsidiaries successfully took place in Beijing.

China has shown a great deal of interest in the subsidiary companies of Korean universities.

On Tuesday, November 10, Korea University Holdings hosted an investment briefing regarding Korea U.-Sogang U. Holdings’ subsidiaries in the Korea University Global Center located at Renmin University of China.

The five subsidiaries that participated in the event were ‘Strong Hold Technology, Inc.’ (which manufactures smart coffee-roasting equipment and which successfully won an investment worth KRW 1 billion from SoftBank and made its way to China where they established its very own local corporation), ‘Wantreez Music, Inc.’ (who attracted KRW 900 million from a venture capital firm last year and has shown the highest growth rate in the domestic music service sector), ‘Fortium, Inc.’ (a venture firm that manufactures functional apparel), ‘ActsBio, Inc.’ (a venture firm that manufactures functional cosmetics that prevent atopic dermatitis), and ‘SGO, Inc.’ (a venture firm that manufactures eco-friendly air-care blinds).

The subsidiaries displayed various outstanding products which caught the attention of over 50 Chinese investors and those in related organizations and industries. They received such a positive response that they may well be given the green light to enter Chinese market.

Soo-Won Kim, Executive Vice President for Research at Korea University, who led the event said, “Korea University and Sogang University will continue to cooperate in commercializing the success of excellent research achievements and plan to actively support the subsidiaries, allowing them develop into globally small but strong companies. This investment briefing is our first step in terms of our effort.” He also stated that further efforts will be made in making inroads into China and other overseas markets.

Sang Suk Lee, director of the DSC (Design Service Center) of Gehua Group Corporation, delivered his congratulatory message. Gehua Group Corporation is China’s national enterprise which was established for national exhibition purposes in 1997. It provides core cultural development services such as operating Beijing Film Festival and Beijing Photo Exhibitions. Recently, Gehua has been expanding its business as a startup incubator and accelerator in addition to its existing culture-related trading activities. In his congratulatory speech, Lee expressed his strong commitment to work actively in close collaboration with Korean startup corporations and to incubating institutes. He further showed his high expectations in cementing amicable relations with KU Holdings.