News this week from Korea: Green New Deal companies, Coupang in Japan & race to acquire ebay

The World celebrated Environment Day on June 5th and in South Korea, Korean ministries sign up 100 companies as part of the Green New Deal, Seoul Startup Hub announces a batch of startups to support ESG (environment, social & governance) ventures and SK Eco Plant selected to foster eco-friendly startups. In other news, Coupang starts off international operations in Japan and race to acquire Ebay Korea intensifies.

Selected as 31 ‘Green New Deal Promising Companies’ to lead the green industry

Source: Startupn.kr

The Ministry of Environment (Minister Jeong-ae Han) and the Ministry of SMEs and Startups (Minister Chil-seung Kwon) announced that they have recently added 31 companies to the ‘Green New Deal Promising Companies 100′ that will actively respond to the climate crisis and contribute to carbon neutrality. ‘Green New Deal Promising Companies 100’ is a project that was included in the Green New Deal plan in July last year and is being promoted to ‘establish a green industry innovation ecosystem’. It supports the entire growth cycle from R&D to commercialization for a total of 100 promising companies in the Green New Deal.

SK Eco Plant selected as ‘Caring Company 2.0’ fostering eco-friendly and smart innovative companies

Source: Platum

In order to foster innovative companies in the eco-friendly and intelligent (smart) field and to be reborn as an eco-friendly company that leads the environment, society and governance (ESG), SK Eco Plant (formerly SK E&C) will be a caring company. A caring company refers to a voluntary win-win cooperation company that goes beyond traditional partner-oriented win-win cooperation and shares the strengths of large corporations, such as capabilities and know-how, to non-trading companies and small business owners.

The Ministry of SMEs and Startups signed a business agreement with SK Eco Plant, the Special Research and Development Zone Promotion Foundation, and the Creative Economy Innovation Center Council on June 3 at G-Plant in Jongno, Seoul for ‘nurturing innovative companies in the eco-friendly and smart fields through a win-win open platform.

‘Accelerating Avengers’ to foster ESG startups

Source: Money Today

Seoul Startup Hub Seongsu
Seoul Startup Hub Seongsu

Seoul Startup Hub Seongsu announced on June 4th that it will introduce ‘Collaboration Batch (BATCH) Accelerating (hereinafter referred to as Collaboration Batch)’ in the second half of this year. Collaboration deployment is a type of collaborative accelerating program that intensively supports urban problem-solving startups by bringing together major domestic ESG (environment, social, governance) related accelerating program. “It is our role to support ESG-related accelerators,” said Lee Tae-hoon, head of SBA’s Startup Division. “We will do our best to provide opportunities for collaboration placement programs to various institutions and companies.”

Coupang dips its delivery-service toes in Tokyo

Source: KoreaJoongangDaily

Source: KoreaJoongangDaily

Coupang, an e-commerce player listed in New York, is test-operating its delivery service in Japan in the company’s first move to the overseas market. A spokesperson of the SoftBank-backed company confirmed on Friday that it is offering its delivery service in select locations in Tokyo as a pilot project.
“It is a kind of pilot service and is only available in limited areas,” the spokesperson said, declining to give any further details. Multiple media outlets reported that the overseas unit started offering same-day delivery service for the Nakanobu area in Tokyo as of this month.

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