Fostering startups

Financial Services Commission Chairman Choi Jong-ku, fifth from right, cuts a ribbon with Korea Federation of Banks Chairman Kim Tae-young, third from left, and Korea Credit Guarantee Fund (KODIT) Chairman Yoon Dae-hee, fourth from left, and other guests at a ceremony to build the Mapo Innovation Town in western Seoul, June 19. The financial regulator is creating the facility to provide a platform to support promising startups with innovation-led business models. It is located inside the old KODIT building. Courtesy of KODIT