How Tech-Centric Incubator FuturePlay gathered Samsung, LG Engineers inhouse

KoreanStartup_FuturePlay

After Jung-hee Ryu successfully sold his company Olaworks to Intel, he wondered why talented engineers and inventors from Korea don’t start their own business rather than working for a big company. Meeting a number of engineers at Samsung and LG, as well as graduates of Korea’s top universities, he found a common problem they faced. “Although many had their own unique technology and ideas, and had even strongly considered doing their own business, the problem was that they don’t know how to build a company, then how to scale it until it goes to an IPO or gets acquired. Another barrier was the financial problem of supporting their family and providing for their children’s education.”

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I am interested in applying design thinking to the business. I love to code in Central Park on weekends and build something people love to use. You can reach me at sehwan@techforkorea.com

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