KSC Day is being hosted by K-Startup Center Singapore to help Korean startups enter the Singaporean market. The K-Startup Center (KSC) in Singapore is the first Korean startup center in Southeast Asia. It was launched by the Ministry of SMEs and Startups to help startups in Korea set up their business in Singapore. It is also co-hosted by The Finlab, an Innovation Accelerator by UOB to assist businesses on their digitalization journey. The event is officially called KSC Day with UOB and takes place on March 25th, 2021 (14:00-15:40 SGT). KSC Day aims to bring you cutting-edge developments, exciting innovations, promising solutions, and opportunities to establish connections or potential partnerships with driven like-minded entrepreneurs.

Why Korean Startups Should Enter the Singaporean Market

Singapore has been known as a global financial center for many years. However, they are now looking to become the Silicon Valley of Asia. Big global tech companies such as Google, Salesforce, Amazon, and Facebook have already built headquarters, R&D centers, and operational centers in Singapore. These big tech companies will help the startup ecosystem in Singapore as a whole. They can provide mentorship, early-funding opportunities, and partnership opportunities. South Korea and Singapore have been making strong efforts to strengthen their bond recently and have started initiatives for new ways for Korean startups to explore the Singapore market. Singapore offers a vast business-friendly environment (takes one day to register a company in Singapore) and easy access to venture capital. In addition, Singapore offers strong IP protection, open business policies, a skilled workforce, a large market, and the use of the English language as their main working language.

“Being the World’s top and second innovative countries (Bloomberg, 2021), Korea and Singapore share a lot of similarities in having strong Governmental support in driving their innovation ecosystem. However, Singapore is focusing more on helping workers and firms to accelerate digital transformation. This is reflected in Singapore’s 2021 highly innovation-focused Budget. Korean startups entering Singapore can leverage their strong Korean innovation foundation, and tap on the vast digital transformation demands to co-innovate with Singapore-based firms to scale into Southeast Asia. Support from centers like KSC and market access advisors like ourselves will definitely help to smoothen their landing and provide the necessary connections,” said Edmas Neo, CEO of Accrete Innovation.

5 Korean Startups to Pitch at KSC Day

KSC Day5 startups from Korea will pitch their products and services at KSC Day. Moreover, each will have individual online booths where you will be able to ask your questions. In addition, this is a great opportunity to form partnerships, build networks, and find out about industry-disrupting opportunities. Here are the 5 Korean Startups that will be pitching at KSC Day.

Aizen

Korean Fintech startup Aizen offers an AI banking-as-a-service product designed to help companies launch banking services faster. In addition, it helps with customer retention and the diversification of its revenue streams through its APIs. Therefore, it is perfect for helping banks reach more customers without high marketing and IT costs. Their machine learning platform automates the decision-making processes in banking, retail payment, and even insurance. Some of the institutions that use their product include Samsung Marine and Fire Insurance, Hyundai Card, and Woori Bank.

Norma

Norma is a publisher of security software for all types of wireless networks such as WiFi and Bluetooth. They protect connected systems such as smart objects, personal devices, and corporate networks from cyber threats. The platform developed by Norma monitors networks and devices that can be used as routers. Furthermore, any intrusion attempt will trigger an alarm and will be immediately blocked. In addition, Norma can simulate false cyberattacks to make it possible to check the security levels of a network and identify any weak points. Some of their more notable partners and customers include Samsung, the South Korean Ministry of Defence, and the Korean National Police Agency.

Sentbe

Sentbe is one of the largest money transfer fintech remittance startups in Korea. It is a financial technology startup that makes cross-border person-to-person money transfer easier, faster, and cheaper through innovative technology. They are already licensed as a financial institution in Korea. In addition, they have also partnered with Ripple which offers a better international payments experience for customers in real-time which will make Sentbe transactions faster and more secure.

Spiceware

Spiceware on Cloud is a SaaS that securely protects all data operated by enterprises in the finance, public, telecommunications, and healthcare sectors by providing data security and PII (Personally Identifiable Information) protection services for building infrastructure utilizing the cloud, big data, and AI. It is a cloud-native PII Protection Service with the following features: Encryption, Access Log Management, PII Deletion, Anonymization & Pseudonymization. Spiceware is an Amazon APN Select Technology Partner in the category of DB Encryption since 2018.

Uppsala Security

Uppsala Security offers tools for Crypto AML, Risk Management, Regulatory Compliance, KYC Intelligence, Transaction Monitoring/Tracking, and Cybersecurity. They are the builders of the Sentinel Protocol. The protocol is powered by Blockchain and AI technologies. Therefore, they help strengthen organizational capabilities for protecting their cryptocurrencies and other digital assets from malicious attacks, fraud, and scams. Some of their users include government organizations, leading enterprises providing crypto exchanges, and payment gateways, wallets, gaming, and Fintech solutions.

KSC Day Programme – Timings in SGT (GMT +8)

2:00 pm – 2:15 pm | Welcome Addresses 

You will hear from critical partners and titans of industry as they dazzle you with their unparalleled wisdom, insightful perspectives, and cutting-edge knowledge. Speakers for this portion include: Mr. Dai II Park (KSC Singapore), Ms. Cherry Dai Liyan (UOB FDI), and Ms. Jaime Tan (The FinLab)

2:15 pm – 2:25 pm | Startup Case Study

Special surprise guest, Turnkey Lender, will lead you through one of the 21st century’s most pressing questions: What makes a stellar startup? Furthermore, he’ll walk you through the various elements that contribute to a startup’s success through a comprehensive case study.

2:25 pm – 3:15 pm | Startup Pitching + Q & A

Promising Korean startups: AIZEN, NORMA, Sentbe, Spiceware, and Uppsala Security take us through their impressive pitches. Therefore you will get a chance to get an inside look into their unique process, ideation techniques, problem-solving strategies, and iterative methodologies, these startups are sure to impress. Moreover, a few lucky people will also get the opportunity to have their questions answered online!

3:15 pm – 3:40 pm | Online Networking 

After the pitches, you’re invited to participate in a networking event. Therefore, you’ll be paired randomly with other event attendees for intervals of 5 minutes. In addition, if you’d like to find out more about the startups, you can head over to the Expo to look at their materials and product/service information.

Register for this the KSC Day!