Young Lee, Minister of SMEs and Startups signed an MOU with Ministry for Higher Education and Science and Ministry for industry business and financial affairs of Denmark on September 21st. The MOU contains supporting for ‘promoting and supporting knowledge- and technology- intensive entrepreneurship’. 

The MOU was based on ‘the MOU for exchange and cooperation of Venture policies’ which had been signed with Ministry for Higher Education and Science of Denmark in 2014. It contains future development directions such as expanding exchanges between SMEs and startups, enterpreneurship advancement and setting up a cooperation body which includes affiliated institutions from both countries.