"What if the Young Entrepreneur Competition gave opportunities to teenagers too"? GK Insights Future Advisory Board Launches

*This content was translated by AI.

"The Young Entrepreneur Competition has been held for 15 years. I thought it would be good to remove the age limit for youth and extend opportunities to teenagers."

Hong Sun-geun, Chairman of MoneyToday, made these remarks after hearing the entrepreneurial story of Kim Ha-kyung, CEO of ZDVC, at the 'Global Korea Insights (hereinafter GK Insights·Lee (President) Baek Yong-ho, Honorary Chairman of MoneyToday) Future Advisory Board Launch Ceremony' held on the 11th at the Korea Press Center in Jung-gu, Seoul.

Kim (CEO), who started a business at age 22 and experienced two failures, said at the launch ceremony, "In the United States, teenagers also start businesses with their parents' encouragement and receive investments." He added, "I contacted the parents of these teenage entrepreneurs and had a conversation. They said, 'Since successful entrepreneurs can predict the path their children should take, wouldn't it be better for our children to start a bit earlier?'"

In response, Hong (Chairman) said, "I felt very moved," and added, "I am thinking about whether the Young Entrepreneur Competition could lower the age limit to provide opportunities."

The Young Entrepreneur Competition, co-hosted by MoneyToday and the Korean Entrepreneurship Foundation, is a representative domestic startup competition that began in 2011 to discover innovative entrepreneurs. The competition helps startups that win awards receive investments and participate in value-up programs. Hong (Chairman)'s remarks are interpreted as an intention to expand the eligibility range to younger generations in the future.

Earlier, at the congratulatory speech for the Future Advisory Board launch, Hong (Chairman) said, "Talented individuals have gathered. It seems like a scene that could not have been imagined 10 or 20 years ago, or in the late 20th century." He continued, "There must be countless difficulties, but I greatly envy you for running businesses with bright expressions, unique creativity, and individuality suited to the times. Overall, this is a desirable and positive development for our country."

He further stated, "Although the starting time, growth speed, and scale may differ, I am pleased to meet young entrepreneurs leading large companies. You will share many concerns and experiences in the process of doing business. Gathering here is to draw wisdom from these shared experiences. If we gather wisdom, we can change systems and institutions."

Hong (Chairman) emphasized, "I believe such activities can also help young entrepreneurs who are not present at this venue and serve as motivation and stimulation for young aspiring entrepreneurs who have not yet started their businesses but are preparing. I want to tell you that while you are becoming strong enough not to need help, there is at least a warm heart willing to share warmth."

Meanwhile, GK Insights held the Future Advisory Board Launch Ceremony on the 11th with the attendance of Honorary Chairman Baek Yong-ho, Hong Seon-geun (Chairman), Kang Ho-byeong, CEO of MoneyToday, Lee Ju-wan, Head of the Future Advisory Board (Chairman of MegaZoneCloud), and other Gi Eop (CEO) members. Established and led by MoneyToday, GK Insights is a think tank designed to help more 'World Number One Companies' emerge in Korea. It is structured with a board of directors, an advisory board consisting of veteran CEOs, and a future advisory board centered on startup founders.

Honorary Chairman Baek, in his welcome speech, said, "Enterprises are at the center of the economy, and the nation's future depends on corporate performance. To help Korean companies succeed, we need a vessel that effectively incorporates the hardships of companies and the experiences of business people. GK Insights aims to play this role." He added, "As part of this effort, we have formed not only an advisory board but also an advisory board today."

He continued, "A professional management advisory board consisting of top CEOs from Korea's leading companies has been established. While their deep know-how and experience are important, the wisdom and various processes of startup founders who are fiercely running businesses on the front lines are also extremely necessary." He explained the necessity of the Future Advisory Board.

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*This content was translated by AI.