KT&G (CEO Baek Bok-In) is seeking participants for the 8th ‘Sangsang Startup Camp,’ from March 4th to 22nd, a program designed to discover and nurture young entrepreneurs.

This recruitment drive is divided into two tracks: the ‘Growth Track,’ aimed at teams in the seed stage of development, that have been in business between three and ten years, and the ‘Global Track,’ targeting seed-stage teams aspiring to break into the Indonesian market, a notable arena in the global startup ecosystem.

Selected teams will benefit from four months of expert mentoring and capability enhancement training to formulate systematic growth strategies. Teams chosen for the ‘Growth Track’ will receive up to 50 million KRW in business support funds and opportunities for investment. Meanwhile, ‘Global Track’ teams will have the chance to visit Indonesia to network with local industry professionals and venture investors.

For program details and application submission, visit the ‘Sangsang Startup Camp’ website (https://sangsangstartupcamp.com).

Cho Kyeong-woong, the team leader in charge of KT&G Sangsang Planet Operations, stated, "KT&G has been running a unique entrepreneurship incubating program to support the growth of young people dreaming of social innovation through entrepreneurship. We will continue to offer unwavering support so that young pioneers can exert a healthy influence on local communities."

The ‘Sangsang Startup Camp’ is a youth entrepreneurship support program aimed at solving social issues through business. It was established to provide practical assistance to young individuals aspiring to become social innovation entrepreneurs through expert mentoring and hands-on training. Since its inception in 2017, the program has operated seven cohorts up to March last year, producing a total of 144 startup teams, generating over 42 billion KRW in cumulative sales, and creating employment for more than 830 individuals. Furthermore, 36 teams have successfully entered the government's ‘Social Enterprise Promotion Project.’ In recognition of these achievements, KT&G received the Presidential Commendation for Job Creation in 2022 and the Presidential Commendation for Social Economy Merit in 2021.

(Photo Description) Recruitment poster for the 8th ‘KT&G Sangsang Startup Camp’