The DKU Startup Support Foundation, headed by Ki-hoon Yum, signed an MOU on December 22 with Bizwell (CEO: Hyeong-taek Cho), a company that assists businesses entering overseas markets. Based on the agreement, the two parties will make joint efforts to help startups and incumbent students successfully settle into the Vietnamese local market.
Bizwell, which specializes in marketing and consulting, opened ‘Bizwell Business Center’ in Ho Chi Minh City, Vietnam, to help corporate efforts lead to exports. It was also designated as an ‘overseas private network’ by the Small and Medium Business Corporation.
According to the agreement, the Startup Support Foundation will select startups or students from the Startup Student Club to send to the newly founded Dankook University Vietnam Business Center where the two parties will train them on Vietnamese local commerce and real estate related legislation in advance to help them develop business markets.
“Starting with Vietnam, we will also help entrepreneurs advance into the U.S., Japan, India, Malaysia and China,” said Yum who also emphasized that “[our] goal is to build a strong global network by having companies receiving support from the Startup Support Foundation enter markets all around the world.”
Recently, Vietnam has emerged as Korea’s third largest trade partner following China and the U.S. and is seen as a land of opportunity for businesses with its high growth rates that are nearly double that of global figures. An increasing number of companies are also entering the South Asian country based on friendly ties formed thanks to the popularity of coach Hang-seo Park of the Vietnamese national soccer team.