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Title 2018 Korea-ASEAN Youth Forum
Date 2018-11-27 Hit 2978  

The Science and Technology Policy Institute jointly held the '2018 Korea-ASEAN Youth Innovation Forum' with the theme ‘The Entrepreneurship for Making Better Lives in Korea and ASEAN’ with Korea-ASEAN Center, Seoul Metropolitan Government, and Korea Youth Entrepreneurship Foundation on November 12 (Monday) at Seoul Dragon City. The Forum was sponsored by the Ministry of Foreign Affairs, the Ministry of Small and Medium-sized Ventures, the ASEAN Secretariat, and the ASEAN Foundation. The forum which celebrated its fourth anniversary this year, was held in conjunction with the GEW Korea 2018 Global Entrepreneurship Week.


In the 'ASEAN-Korea Young Innovators Talk' session, which was organized by STEPI, under the theme of 'Making Better Lives through Innovation', the participants shared and discussed about the success stories of innovation startups. First, CEO Cho Eun-hyeong of Innopresso who developed Mokibo, a touch mouse integrated keyboard, gave a lecture on "Why Do I Make a Fusion Keyboard, Mokibo?".


Cho said that the process of innovative start-up itself is a valuable experience apart from successes and failures, and he shared his experiences of discovering himself and learning through creating a company. Quan Q. Nguyen co-founder and chief marketing officer (CMO) of edutec start-up SAY Global, which provides Korean language education by linking Korean seniors and foreign youths gave a presentation with the topic "Lessons from My Parents: How Two Non -Business People Helped Me Build My First Startup?" He has a lesson learned from parents who have helped the founding process and emphasized five things; be curious to find problems, not to be impatient, challenge boldly, be kind and grateful, be humble and always try learn. After the lectures of the two speakers, panel discussion and active question and answer were followed for the plan to revitalize youth innovation business with the moderator Yun Il-sun who is a consultant of Born2Global Center.


In the 'ASEAN Start-up Idea Pitching' session, 11 teams from the finalists of 279 teams of Korean and ASEAN youths who participated in the competition for the idea competition announced innovative business ideas and received feedback from expert judges. The awards were given to the top four teams selected based on the results of the expert evaluation and the audience's field vote. "Korkkaek" team from Laos who announced the idea of ​​recycling abandoned squatting wood to produce eco-friendly products won the popular prize. "Phinix" team in Malaysia who collected old clothing and textile waste and proposed business for reproduction by local artisans and handicapped people won the bronze prize; and they received $500 respectively. 'Chhlat' team from Cambodia which proposed an idea to reduce the use of disposable bottled water bottle and offered recyclable foldable silicone bottles with installed water-coolers equipped with advertising functions to provide drinking water refill service on a monthly basis won the silver prize and $800. Lastly, ‘Brainstat Group’ team from Indonesia which proposed sensors and applications to prevent sleepy driving and traffic accidents by monitoring the EE signal of the driver and alarming when there is an abnormality won the gold prize and $1,000.


Through the forum, we hope that more Korean and ASEAN young talented people will contribute to making better lives of the people around the world by cultivating global entrepreneurship and challenging innovation.