The 17th POSCO Idea Market Place (IMP) was held at POSCO Center in Daechi-dong, Seoul on Monday.
"Because it is difficult for small and medium businesses to secure sales channels even if they make products based on technical skills, why don't POSCO install CVT's products?" said Park Young-sun, a minister of SMEs and Startups, after visiting booth of face recognition system company, CVT. Chairman Choi responded by saying, "I will talk to the person in charge." and "Mr.ㅁㅁㅁ(Name of the POSCO president in charge), come over."
Through the MOU, POSCO will invest a total of 1 trillion won in "Building the Foundation for Technology and Commercialization" and 800 billion won in venture funds. The MMA plans to actively support fund investment and operation by utilizing its experience in running the fund, which it has accumulated since 2005. Besides this, the government will also cooperate in promoting the venture ecosystem, including mutual exchanges between venture capital and investment companies.
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