UL Solutions (NYSE: ULS), a global leader in applied safety science, and the Ministry of SMEs and Startups are entering a new phase of cooperation to support industrial growth and promote technological innovation.
Building on a memorandum of understanding (MOU) signed in April 2023, the initiative aims to help Korean startups enter the U.S. market. Seven companies based in Jeollanam-do have been selected for this phase and will receive expert support from UL Solutions.
The initiative focuses on systematically preparing startups to enter the market by drawing on UL Solutions’ safety science expertise and its Global Certification Support Center in Jeollanam-do.
“We are pleased to open a new chapter in this cooperation and contribute to the growth of Korea’s innovative technology startups,” said Jeong Ryun, country manager for UL Solutions Korea. “As a leader in safety science, UL Solutions is ideally positioned to help startups conduct testing smoothly, bring products that meet safety standards to the U.S. market, and grow there—ultimately making a positive impact on consumers.”
The next group of participating technology startups is expected to be selected in 2025.
This press release was prepared by UL Solutions Inc. and distributed through the Newswire service.
Questions about this story?
AI answers only from this article and related ones.
Answered from ten years of our reporting. Check legal and tax questions with a professional.
