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TITLE [Science]MSIP Opens IT Cooperation Center in Singapore
Date 2014.07.15

MSIP Opens IT Cooperation Center in Singapore

MSIP opens IT Cooperation Center Singapore to support SMEs and ventures enter the Southeast Asia
- Opening ceremony, seminar and startup demonstration day were held in Singapore on Jul 11 with the
attendance of 80 participants including Korea IT businesses and startups and Singaporean government officials and business members.

□ MSIP held an opening ceremony of IT Cooperation Center Singapore on 10:00 AM, Friday, July 11, 2014 joined by government officials and business members of Korea and Singapore.

○ IT Cooperation Center is an institute established to support Korean SMEs and ventures enter foreign markets, and MSIP has been operating 3 centers in the United States, China and Japan. IT Cooperation Center Singapore, which is the 4th cooperation center, was established in the central town of Singapore to ensure
Korean companies' entrance to the ASEAN market.

□ The opening ceremony was attended by Vice-Minister Yoon Jong-lok of MSIP, Ambassador Seo Jeong-ha,
Managing Director Jacqueline Poh of iDA, President Park Soo-yong of NIPA and representatives from government institutes of Singapore including SiTF, EDB and A-Star and IT companies including SKT, FORCS, etc.

□ The opening ceremony of the IT Cooperation Center Singapore was followed by the seminar on the entrance to ASEAN IT market and the startups demonstration day.

□ In the seminar, Alex LIN of Infocomm Investments and senior expert Kim Young-sik briefed on policies and the status of ICT in Singapore and Thailand. Participants from SKT, Solbox and FORCS also presented strategies and best cases of entrance to the ASEAN market. The seminar was concluded by the signing of MoU between NIPA and iDA on cooperation in the areas of IT policies, manpower development and training.

□ The startups demonstration session in the afternoon was organized by Born2Global and IT Cooperation Center Singapore to support Korean startups attract investment and build business partnership in Singapore.
The event was joined by 9 selected Korean startups and 40 investment experts from 32 investors including
Rakuten Ventures, which recently purchased VIKI, a crowd translation platform, for $ 200 million, and JFDI.Asia,
one of the biggest accelerator in Singapore.

□ Prior to the opening ceremony, Vice-Minister Yoon Jong-lok had a breakfast meeting with Permanent Secretary Aubeck Kam of Ministry of Communications and Information of Singapore to discuss cooperative measures for the Creative Economy including the mutual support for SMEs and IT ventures in entering the global market. Vice-Minister Yoon-lok and Permanent Secretary Aucbeck Kam also agreed to develop cooperation in the field of science, technology and IT by holding Joint Committee Meetings on science and technology in the future.