FSC Chairman Koh Seungbeom attended the opening of IBK Startup Factory in Daejeon on January 11 and delivered congratulatory remarks highlighting the importance of nurturing tech startups in different regions outside the Seoul metropolitan area. In his speech, Chairman Koh pointed out that the prime location of the new IBK Startup Factory in Daejeon will help facilitate tech startups to grow due to the availability of advanced industrial, educational and research infrastructures and resources in the city. In order to promote innovative tech startups, Chairman Koh said that the authorities will continue to make support available through financial assistance, consulting, etc. An announcement was also made about the creation of a new public-private joint startup fund worth KRW30 billion in support of startups and young entrepreneurs.