Samsung Electronics said Tuesday that it has supported 1,000 startups, helping them secure a total of 2.2 trillion won ($1.6 billion) in investment. According to Sina Finance, Samsung selects promising entrepreneurs and startups through its C-Lab program, and 30 companies were selected this year.
Of the selected startups, 15 are currently conducting technology verification projects with Samsung, which is also seeking further business collaboration opportunities. Twelve of the startups are located outside the Seoul metropolitan area.
Since 2023, Samsung has established regional C-Lab centers in Daegu in central South Korea and Gwangju in the southwest to promote local economic development.