KITA Held “Seminar Series with
Successful Startups in Global Expansion”
- Introduced Luxrobo that has made inroads into 50 countries with
modular type robots on June 9th… The seminar will share two success stories every month -
International Trade Association (Chairman: Kim Young-ju) and YouTube Creator
Taeyong (EO), who is specialized in startups, jointly hosted “Seminar Series
with Successful Startups in Global Expansion” at COEX
Startup Branch on June 9th.
series was designed to celebrate the first anniversary of the Startup Branch.
The series, which began in May, will share success stories by inviting two
startup CEOs each month regarding their overseas expansion. The first two
speakers in May were CEO Kim Hye-yeon of N.thing who exports smart farms to Abu
Dhabi in the United Arab Emirates and CEO Seok Chul of Muzlive who is sweeping
the online market of K-Pop with a smart music platform KiT.
CEO Oh Sang-hun of Luxrobo appeared on the seminar
streamed live via YouTube on June 9th on and discussed his
experience of developing MODI, an educational coding robot kit, after six
business failures. He also shared the whole story of successfully receiving
9-billion-won investment for Series B. MODI is currently exported to some 50
countries around the world including the United Kingdom to be used as
educational software in middle schools and high schools.
Oh said, “MODI is a modular type and you can make Internet
of Things (IoT) robots such as toy cars and smart switches by assembling
motors, light-emitting diodes (LEDs), and batteries like Lego. It can be
operated with simple coding.” He also added, “I hope more children around the world enjoy the opportunity of
learning how to code and artificial intelligence (AI) education through MODI
that I have developed in pursuit of my dream of creating a world where anyone
can easily create a robot.”
Sun-kyung, head of Startup Bridge at the Korea International Trade Association,
said, “We are developing various support projects to help Korean startups
grow in a more robust and innovative ecosystem,” and
added, “In particular, we will take the lead in
supporting startups’ overseas expansion and global scale-ups by creating
opportunities to attract investment, conducting open innovation with large and
mid-sized companies, and implementing audition and consultation programs.”
year, the Startup Branch provided matching
services between 25 large and mid-sized companies home and abroad and 233
Korean startups through open innovation with global large companies and
produced 18 successful cases of cooperation. In the first half of this year,
the Startup Branch is actively supporting startups by conducting open innovation
events with 35 domestic and foreign companies in spite of COVID-19 pandemic.