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Samsung to invest USD81.3m in startups support center
(MENAFN) South Korea's Samsung Group said it will invest USD81.3 million to build a center at the conglomerate's birth city that assists local startups, Yonhap News reported.
The group said it will build the Daegu-Samsung Creative Economy Zone in this city 302 kilometers southeast of Seoul, where the business empire first started out as a merchant selling fruits and dried seafood.
"The creative economy center will lend support to new startups in the IT, software and textile firms," Samsung said, adding it will also offer space for artists to collaborate with venture companies.
The group said it will build the Daegu-Samsung Creative Economy Zone in this city 302 kilometers southeast of Seoul, where the business empire first started out as a merchant selling fruits and dried seafood.
"The creative economy center will lend support to new startups in the IT, software and textile firms," Samsung said, adding it will also offer space for artists to collaborate with venture companies.
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