The Korea Startup Forum (Chairman Sangwoo Han, hereinafter referred to as KOSPO) announced on the 23rd that it signed a memorandum of understanding (MOU) with the US ACT (The App Association) at the global startup festival 'COMEUP 2025' on the 10th to strengthen cooperation between global startups and small tech companies.
This agreement was pursued to establish a cooperative foundation for domestic startups to more actively participate in the global policy environment and overseas startup communities, and to jointly explore ways to create a startup-friendly global ecosystem.
Under the agreement, the two organizations will strengthen cooperation to improve policies and systems in the digital economy and pursue joint programs connecting policymakers and startups. They also plan to gradually expand the global network and business cooperation between KOSPO and ACT member companies.
ACT, a global association representing app-based startups and small technology companies worldwide, supports the digital innovation ecosystem by addressing policy and regulatory issues and building a global network. This agreement provides KOSPO's approximately 2,600 member companies with the opportunity to join ACT's global startup community. This partnership is expected to foster practical global connections, including sharing global policy trends, networking with overseas startups, and participating in discussions related to the digital economy.
Morgan Reed, Chairman of ACT, who spoke at ComeUp 2025 on the topic of “The Importance of Policy in the Globalization of Startups,” emphasized the role of startups and small tech companies and expressed his intention to expand education, policy participation opportunities, and global exchange through cooperation with COSPO.
Choi Ji-young, Executive Director of the Korea Startup Forum, said that this agreement will be a meaningful opportunity for domestic startups to improve their understanding of global policies and expand their networks, and that she will support sustainable growth in the global market by strengthening their ability to respond to local regulations and policies required in the process of expanding overseas.
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