PR
RESS RELEA
R ASE
Telefónica
a Open Futu
ure_ extend
ds footprint in Asia with South Ko
orea agreem
ment
TE
ELEFÓNICA
A OPEN FU
UTURE_ FORMS ENTREPREN
NEURSHIP
A
ALLIANCE
WITH KOR
REA TELECOM AND
D SOUTH K
KOREAN
GOVERNMENT

With this alliance
e, Open Futu
ure_ expandss its internattional innovaation and
epreneurship
p network too South Kore
ea, increasin
ng its total reeach to 18
entre
countries

The agreement
a
aims
a
to creatte business developmen
nt and investtment
oppo
ortunities for both operaators and sta
artups
ggi (South Korea),
K
Marrch 30th 20
015- Telefón
nica Open Fuuture_ has today
t
Madrrid/Gyeong
signeed a partne
ership agreement with
h Korea Te
elecom, a leading teleecommunica
ations
operaator in South Korea, and
a
the G-C
CEIC, a public body ressponsible foor promoting ICT
innovvation in the
e country.
e
urial, investm
ment and extternal
This partnership, which seess the mutuall sharing of entrepreneu
h of a progra
am by the South
S
Koreaan governme
ent to
innovvation experrtise, followss the launch
prom
mote innovation across the countrry. Telefónica Open Fu
uture_, the open innovvation
netw
work of Teleffónica, will jo
oin forces w ith Korea Te
elecom and G-CEIC to booost the pro
ogram
in th
he Gyeonggi province, near the coountry’s capital, Seoul, which is oone of the most
developed areas in South Korea when it comes to IC
CT.
w signed at
a a ceremoony led by th
he Presidentt of South K
Korea, Park GeunG
The aagreement was
hye; the Preside
ent of Korea
a Telecom, Chang-Gyu Hwang; the
e Governor of the Gye
eonggi
yung-pil; and
d Luis Solan
na Madariag
ga, Presidentt of Telefóniica Open Future_,
province Nam Ky
deo confereence. Other participants at the evvent included the
who intervened through vid
nce, ICT and Future Plan ning; the Miinister of Tra
ade, Industryy and Energ
gy and
Minisster of Scien
the Justice Minisster of South
h Korea, in aaddition to other
o
KT exe
ecutives andd the Ambasssador
pain in South
h Korea, Gon
nzalo Ortiz D
Díez-Tortosa
a, and a sele
ection of maajor South Korean
of Sp
private companie
es.
Telefónica, S.A.
Dirección
n de Comunicación Corporativa
C
Ronda de
e la Comunicación, s//n
28050 Madrid
Tel: +34
+ 91 482 38 00
emaiil: prensatelefonica@
@telefonica.com
http:///saladeprensa.teleffonica.com
@Telefonica
o
up ne
ew opportun
nities for existing Open Future_ andd Korean sta
artups
The aagreement opens
to acccess new markets and enjoy m
multiple serrvices such as worksppaces prese
ent in
estab
blished Open
n Future_ ce
enters and aalso a new innovation center
c
creatted by the South
S
Koreaan Governm
ment and Ko
orea Telecom
m. The starrtups selected by this pprogram willl also
have access to support from
m each of thee partners to
t aid with commercial ddevelopmen
nt and
be able to takke advantag
ge of the Teleefónica and South Korean Governm
ment’s investtment
will b
vehiccles.
Telefónica Op
pen Future_ has establisshed a stron
ng link
Through this colllaboration agreement T
he world’s m
most techno
ologically advanced counntries. The South
S
with South Korea - one of th
ment recently launched a major ne
ew initiative
e in partnersship with le
eading
Koreaan governm
Koreaan companiies to accelerate entre preneurship
p. This initia
ative is prim
marily focuse
ed on
startups that are
a
making
g the mostt of new technologie
es and are aiming exxpand
T agreement with Koorea Telekom
m and Teleffónica Open Future is part of
internationally. The
this initiative.
Telefónica Open
O
Future__ the signin
ng of this ag
greement represents ann extension of its
For T
footp
print in Asia where it ha
as already foormed an allliance with China Unicoom and Tsin
nghua
Holdiings. Telefón
nica’s open innovation pprogramme currently re
eaches 18 coountries and
d has,
to daate, committted over 310
0 million eurros across 500
5 companies creating more than 5,000
jobs.
Teleffónica Open Future_
F
Open Future_ Telefónica is a global, open program de
esigned to co
onnect entreppreneurs, sta
artups,
e. Its goal is to
t guide innovvation towards the
investtors and public and private organizatioons worldwide
development of viable projectss, using a moodel that givves visibility to
t the talentt and connecct with
nizations, inve
estors and businesses.
organ
ónica Open Future_ integrrates all open
n innovation initiatives, entrepreneurshhip, investment and
Telefó
transfformation of Telefónica (in
nter alia Wayyra, Amerigo, Telefónica Ve
entures) and makes availa
able to
strateegic partners,, to develop with
w them speecific support programs entrepreneurshhip.
KT KT (K
Korea Telecom) is the ma
ajor telecom
mmunication company in
n Korea, whicch has the la
argest numb
ber of All IP subscribe
ers in Koreaa: Mobile, Internet, IP
PTV, VOIP. It is leading the devellopment of tthe informattion and com
mmunication
ns industries of Korea sinnce its found
dation in 19881. KT’s business po
ortfolio covers a broadd range of services fro
om wirelesss communiccation, broad
dband IPTV dedicated liines, fixed‐liine commun
nication to enterprise e
soolutions. It makes m
Telefónica, S.A.
Dirección
n de Comunicación Corporativa
C
Ronda de
e la Comunicación, s//n
28050 Madrid
Tel: +34
+ 91 482 38 00
emaiil: prensatelefonica@
@telefonica.com
http:///saladeprensa.teleffonica.com
@Telefonica
signifficant stridess to widely offer converggence service
es that comb
bine communnication, IT, m
media and ccontent. G‐CEIC G‐CEIIC (Gyeonggi‐Creative Ecconomy Innoovation Centter) is an inn
novation cennter for starrt‐ups, ventu
ures, and SM
MEs. The Gye
eonggi regio nal governm
ment and KT in collaboraation have bu
uilt G‐
CEIC with the sup
pport from K
Korean centrral governme
ent in Pan‐gyyo, Gyeongggi Province. G
G‐CEIC not o
only supportss start‐ups by providing w
workspace aand accelerattion program
ms, but also a
assists ventu
ures and SMEs to develop new markeets and busin
nesses. G‐CEIIC focuses on o supporting start‐ups iin the industry of game, fintech, IoTT, and 5G. G‐CEIC G
provides specialiized test‐bed and profeessional mentoring programs to thhe start‐upss. And ugh a partneership with global g
acceleerators such as Telefónicca Open Futture, G‐CEIC helps throu
start‐‐ups to ventu
ure into international maarkets. Telefónica, S.A.
Dirección
n de Comunicación Corporativa
C
Ronda de
e la Comunicación, s//n
28050 Madrid
Tel: +34
+ 91 482 38 00
emaiil: prensatelefonica@
@telefonica.com
http:///saladeprensa.teleffonica.com
@Telefonica