South Korea said Sunday it has opened the K-Startup Center (KSC) Tokyo to help Korean firms advance to Japan and seek stable growth through partnerships with local firms.

The Ministry of SMEs and Startups said it had opened the startup center in Cambridge Innovation Center (CIC) Tokyo, Japan’s largest innovation community, on Friday.

It said 13 Korean startups have announced their business models and business plans in a pitch event.

The KSC Tokyo will provide Korean startups with office space, help them attract local investments and get involved in networking activities with local companies, the ministry said.

The KSC Tokyo is the fifth overseas startup center set up by the Korean government following those in the United States, France, Singapore and Vietnam.

Source: Yonhap News Agency