▶KT&G starts KT&G Sangsang Startup Camp for Youth Startups at KT&G Sagnsang Madang Hongdae from October 18. (picture) Two-day preliminary camp started on October 16 at KT&G Sangsang Madang Chuncheon - Sanghak Lee, Head of Sustainable Management Division at KT&G(front row, 5th from the left), Jinhan Kim, Head of Social Contribution at KT&G(front row, 3rd from the left).

From October 18, KT&G (CEO Bok-in Baek) starts KT&G Sangsang Startup Camp to help young adults start business.

Competition ratio was 1:10 and 45 selected applicants will participate in the program for 14 weeks at KT&G Sangsang Madang Hongdae until early next year free of charge as a way of social contribution.

The two-day preliminary camp started on October 16 at KT&G Sangsang Madang Chuncheon for the applicants. The Applicants may experience venture set up training, simulated investment and communication with coaches

Through the main program starting on October 18, participants will receive one-on-one coaching sessions from current or former startup founders and participate in mentoring and social innovation system sessions as well. Those selected as winners at the end of the program will receive a maximum of 30 million won for initial business setups, global benchmark trip, and office rentals.

The startup incubating program will especially focus on supporting ventures that aim to solve diverse social issues. 3 billion won will be prepared to solve youth unemployment issues until next year. Sanghak Lee (Head of Sustainable Management Division at KT&G), Yongduk Kim (President of Social Solidarity Bank) and Jeongheon Kim(CEO of Underdogs) signed on the memorandum of understating for KT&G Sangsang Startup Camp in September.

A related official of KT&G said, “In order to contribute in solving youth unemployment problem in Korea, KT&G came up with the practical solution of supporting youth startups. We hope that young people’s creative ideas will get the chance to generate diverse jobs and eventually grow into innovative companies.”

KT&G has continuously supported youth startups and job-seeking activities. National Defense Start-up Challenge for soldiers waiting to be honorably discharged after military service is a good example. The Company also has Sangsang Closet program by which college students may borrow interview suits and shoes, and Sangsang Career Camp which provides customized job-seeking consulting for young job-seekers.

▶KT&G starts KT&G Sangsang Startup Camp for Youth Startups at KT&G Sagnsang Madang Hongdae from October 18. (picture) Two-day preliminary camp started on October 16 at KT&G Sangsang Madang Chuncheon - 45 selected applicants having a ice-breaking session.