Ansan City Youth Startup Incubator Firms Broaden Global Market Prospects in Singapore

Ansan City: Seven Youth Startup Companies Take Part
Sign Investment and Purchase Letters of Intent, Discuss Joint Business Opportunities

Young startup companies in Ansan, Gyeonggi Province, have laid the groundwork for entering overseas markets by signing investment and purchase letters of intent with companies in Singapore.

Participants in the Global Youth Startup Networking event attend SWITCH 2026, held on the 27th at the Marina Bay Sands Convention Centre in Singapore. Provided by Ansan City.

Ansan City, led by Mayor Lee Mingun, said on October 31 that it had run an international youth entrepreneurship exchange program in Singapore from October 26 to 30 in partnership with Gyeonggi Technopark. Seven companies, including businesses based at Youth Cube and winners of a youth startup competition, took part and held one-on-one consultations with 27 local companies.

Onyu Co., Ltd., an artificial intelligence (AI)-based healthcare and home nursing company, signed a letter of intent for investment with MWS, a senior health management organization that operates 34 centers in Singapore. It discussed research collaboration with a local university and signed a purchase letter of intent with a health supplement distributor. It also discussed introducing a counseling program with a mental health management company.

Peaches Choice, which developed "Lulupichi," an eco-friendly water-gel bidet cosmetic product, held consultations with four local companies and signed a purchase letter of intent with United Nature.

Nabik, an advertising, video content, and digital services company, discussed potential partnerships with five local companies. It confirmed interest in jointly producing AI content with The Moving Image and discussed incorporating a K-content series into an app with Apex Media. Studio Five proposed establishing subsidiaries in both countries to facilitate mutual expansion.

Lee Jiseon, CEO of Onyu Co., Ltd. (third from left), poses for a commemorative photo with MWS officials. Provided by Ansan City.

Rodyu, which connects companies developing and manufacturing robotics and automation technologies, held consultations with four manufacturing and research and development companies, including Class Engineering & Solutions. It explored potential collaboration in manufacturing, linking product development with production; robotics and equipment research and development; food packaging automation; and printed circuit board and prototype production.

Seulgiroun Nangmanjigi discussed lodging facility operations technologies with hotels and accommodation providers, including linking reservation systems with unattended information kiosks and using mobile phones for check-in and room access. It also discussed expanding its business through export sales networks with local hotel purchasing managers and entering Southeast Asian markets such as Thailand and Malaysia.

Participating companies also visited SWITCH 2026, an international startup and technology innovation exhibition, to learn about the technologies and business trends of overseas startups.

"The young startup companies achieved a range of results by engaging directly with local businesses, from signing investment and purchase letters of intent to identifying joint business opportunities and pursuing technology and distribution partnerships," said Ansan Mayor Lee Mingun. "We will provide active support to ensure that opportunities identified in overseas markets lead to tangible business results."

Kim Sunwoo, CEO of Navik (third from left), meets with Protocol representatives and introduces the company. Provided by Ansan City.

Ansan City operates four Youth Cube locations in Hanyang, Yedae, Choji, and Wolpi, providing office space and meeting rooms to prospective entrepreneurs and companies that have been in business for less than three years. Through Gyeonggi Technopark, it also supports startup education, business development grants, market development, and prototype production.

This content was produced with the assistance of AI translation services.