South Korea Institute of Startup & Entrepreneurship Development (KISED) and Thales to Champion Korea's Start-up Ecosystem

19/07/2024

Facebook

Twitter

LinkedIn

Mr Yeol-Soo CHOI, KISED Acting President, and Fran ois Piolet, Country Director, Thales South Korea, sign a Memorandum of Understanding (MoU) to foster development of Korean startups in the Aerospace and Deeptech sectors.

This MoU was signed in presence of Mr Kyoung-Won CHO, Director General for Startup Policy of the Ministry of SMEs & Startups (MSS), and Mrs Pascale Sourisse, Senior Executive Vice-President, International Development, Thales.

Through this partnership, South Korean startups can extend their reach to Thales' global innovation network, including its digital acceleration programmes and Digital Factory locations in Montreal, Paris and Singapore. The ambition is also to support foreign entrepreneurs to get access to the South Korean ecosystem for greater exchange in an environment of open innovation.

This collaboration aligns with the upcoming launch of the Global Startup Centre in Seoul, dedicated to helping foreign entrepreneurs and startups accelerate opportunities and access new markets.

Helping the South Korean Startup Ecosystem Go Global

The MSS and KISED aim to provide a facilitating environment for startups to kick start and scale their businesses. As part of South Korea's strategy to become a global hub for international entrepreneurship, an upcoming Global Startup Centre will soon offer a holistic environment, including office spaces, funding vouchers and mentorship programs to startups, enabling them to flourish and expand.

Through this MoU, signed in Seoul on the 17th of July 2024, Thales will support the local innovation ecosystem by introducing to South Korea some of the most talented startups the Group is working with worldwide. The agreement also lays the foundation to explore incubating South Korean startups at the Thales Digital Factories, located in Montreal, Paris and Singapore, and to have them participate in Thales' acceleration programmes.

With 81,000 employees worldwide including 33,000 researchers and engineers, Thales invests close to 4 Billion Euros annually in Research & Development (R&D). The Group has a strong technological foundation and deep roots in open innovation that includes AI, cybersecurity, big data, connectivity and quantum, with a portfolio cutting across three primary focus areas: Defence & Security, Aeronautics & Space, and Cybersecurity & Digital identity.

Thales' celebrates 40 years of presence and collaboration with South Korea

Partnership with the South Korean ecosystem has been a hallmark of Thales' 40 years of presence in South Korea, a milestone it celebrates this year. From defence to aerospace, and digital identity to space, Thales collaborates with a broad spectrum of South Korean industry, from esteemed partners including Hanwha, KAI, KT group, LIG Nex1, Samsung Electronics, and others.

In recent years through its Digital Identity and Security business, Thales has supported more than 200 SMEs and startups with its licensing and software monetisation solutions. These solutions help South Korean companies protect their intellectual property and implement new business models that drive their growth.

In light of South Korea's rapid development in its SME and startup ecosystem, this MoU with KISED underscores the importance for Thales in nurturing the next generation of companies involved in the aerospace, space and deeptech sectors.

We are honored to join forces with the Korea Institute of Startup & Entrepreneurship Development (KISED) to contribute to the growth of South Korea's startup ecosystem and to support its expansion worldwide. Our global footprint and innovation capabilities are valuable assets we can offer to rising stars who are driving change in aerospace and deep tech. In addition to fostering the expansion of South Korean startups abroad, we also hope that foreign entrepreneurs can similarly access the South Korean ecosystem for greater exchange and collaboration in an environment of open innovation. Pascale Sourisse, Senior Executive Vice-President, International Development, Thales

KyoungWon CHO, Director General for Startup Policy of Ministry of SMEs and Startups, stated, As the Korean government is making all-out efforts to nurture promising startups in the aerospace and deeptech sectors, it is very meaningful to promote cooperation with Thales, a global leader in these fields.

Acting President YeolSoo CHOI added, The Korea Institute of Startup & Entrepreneurship Development (KISED) will spare no effort in supporting our startups with innovative technologies to lead digital innovation and enter the global market through collaboration with Thales.

Documents

20240718_PR_South Korea Institute of Startup & Entrepreneurship Development (KISED) and Thales to Champion Korea's Start-up Ecosystem.pdf

Contact

Alice Pruvot, Head of Media Relations, Aeronautics & Defense

+33 7 70 27 11 37 alice.pruvot@thalesgroup.com

21 Aug 2024

Thales and L&T Technology Services expand collaboration to provide innovative business models to customers

Read more

20 Aug 2024

Ita Unibanco innovates with a credit card specifically designed to meet the needs of visually impaired people

Read more

01 Aug 2024

Thales Chosen as Supplier for Liliums Revolutionary eVTOL Jet Program

Read more

LINK:	https://www.thalesgroup.com/en/worldwide/group/press_release/south-kor...
	See more stories from thales

Most recent headlines

05/01/2027

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be demoed at CES 2026

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...

01/06/2026

Dolby Sets the New Standard for Premium Entertainment at CES 2026

January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026 Throughout the week, Dolby brings to life the latest innovatio...

02/05/2026

Dalet Flex LTS Delivers Smarter Search, Faster Editing, and an AI-Ready Foundation for Modern Media

Dalet, a leading technology and service provider for media-rich organizations, t...

01/05/2026

NBCUniversal's Peacock to Be First Streamer to Integrate Dolby's Full Suite of Premium Picture and Sound Innovations

January 5 2026, 18:30 (PST) NBCUniversal's Peacock to Be First Streamer to ...

01/04/2026

DOLBY AND DOUYIN EMPOWER THE NEXT GENERATON OF CREATORS WITH DOLBY VISION

January 4 2026, 18:00 (PST) DOLBY AND DOUYIN EMPOWER THE NEXT GENERATON OF CREATORS WITH DOLBY VISION Douyin Users Can Now Create And Share Videos With Stun...

18/03/2026

Net Insight Names Larissa GrnerMeeus CPO

Newly named chief product officer (CPO), Larissa G rner Meeus will return to Net Insight on May 4. Larissa G rner Meeus will become CPO of Net Insight on May 4...

18/03/2026

SVG Europe's The Football Summit 2026: Select Sessions Now Available to Watch on SVG PLAY

SVG Europe's The Football Summit 2026 explored how the sports broadcasting i...

18/03/2026

SVG's SportsTech@NABShow Blog Goes Live as Countdown to Vegas Heats Up

The 2026 NAB Show kicks off one month from today and SVG is once again set to cover the show from every angle. SVG's SportsTech@NAB Show Blog is now live - ...

18/03/2026

The Premiere of Dead Lover Showcases Grave Robbing and Sex With a Giant Finger

(L-R) The cast and crew of Dead Lover at The Ray Theater for its premiere at the 2025 Sundance Film Festival. (Photo by Robin Marshall/Shutterstock for Sundan...

18/03/2026

Music Row Piano from Wiltone Productions

Yamaha C7 captured in Nashville Wiltone Productions have announced the release of Music Row Piano, a deeply sampled Yamaha C7 piano library that's been ...

18/03/2026

Techivation introduce T-Warmer Mk2

Bass-enhancement plug-in upgraded Along with a steady stream of new releases, Techivation have recently been revisiting some of the older plug-ins in their ...

18/03/2026

Tonal Balance Control 3 from iZotope

Mix-reference plug-in overhauled iZotope's powerful mix-referencing plug-in has just reached its third major version, and now boasts a new capture proce...

18/03/2026

Toontrack Transistor Organ EKX

Latest EZKeys 2 expansion arrives Toontrack's staggering collection of EZKeys 2 expansions has grown once again, and the latest instalment delivers a on...

18/03/2026

Jess Ho explores the politics of food in new SBS Audio podcast For The Culture

Jess Ho explores the politics of food in new SBS Audio podcast For The Culture 18 March, 2026 Media releases New SBS Audio podcast For The Culture, hosted ...

18/03/2026

Future-ready broadcasts with ATSC 3.0 and enhanced services from Rohde & Schwarz at NAB 2026

Future-ready broadcasts with ATSC 3.0 and enhanced services from Rohde & Schwarz...

18/03/2026

LCTWS 2026

London Calling - When The Industry Convened to Help Streaming Find its MoJo In this blog, Laura Rognoni reflects on key discussions from the Connected TV World...

18/03/2026

SMPTE Unveils 2026 NAB Show Educational Presentations

SMPTE Unveils 2026 NAB Show Educational Presentations Brie Clayton March 18, 2026 0 Comments SMPTE , the home of media professionals, technologists, a...

18/03/2026

Auditel Ad Campaign Shot on Blackmagic PYXIS 12K

Auditel Ad Campaign Shot on Blackmagic PYXIS 12K Brie Clayton March 18, 2026 0 Comments LED wall virtual production blends 12K open gate acquisition w...

18/03/2026