CHALLENGE

The Republic of Korea aims to address the lack of collaboration and resource gaps that MSMEs typically have.

INITIATIVE

In partnership with the Korea Technology Finance Corporation, the Republic of Korea developed a multilateral collaboration network to connect startups, small and medium enterprises, and venture capitalists.

IMPACT

The initiative resulted in a thriving collaboration network between tourism companies that has led to cooperation between 170 destinations, including 103 tourism ventures, 20 travel companies, 29 local governments and 18 investments companies.