To boost innovative companies -- particularly startups, Exit Daejeon 2019 kicked off on Tuesday at a convention center some 160 kilometers south of Seoul.
Around 300 participants are attending the event, which will run until Thursday, including 60 startup businesses and 50 investors from around the world, government officials and related institutions.
"This festival will help startups in Korea meet foreign investors. Also, foreign startups will have a chance to settle down here in Korea through this event."
"Our company has launched a new product this year. We are looking for buyers not only in Korea but also overseas. We hope to expand sales channels and attract more investors."
Renowend startup supporting organizations from Europe and the U.S. are taking part, including Slush, one of the largest nonprofit startup conferences in Finland.
During the three-day festival, auditions will be held in front of representatives from global startup supporting institutions and future investors. Three finalists will be given a chance to attend Slush 2019 in Helsinki this November.
Other events and conferences will enable networking among businesses, investors and the government, while counseling for venture companies will also be available at the convention center.
"Exit Daejeon 2019 aims to help Korea become a global hub for business innovation, with start-ups playing a major role in the country's economy.
Yoon Jung-min, Arirang News, Daejeon."