STOCK TITAN

UL Solutions and Korea’s Ministry of Small and Medium-Sized Enterprises and Startups Kick Off Next Phase of Tech Innovation Collaboration

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

UL Solutions (NYSE: ULS) and Korea's Ministry of Small and Medium-Sized Enterprises and Startups (MSS) have launched the next phase of their collaboration to support South Korean startups in navigating product testing for the United States market. Following their April 2023 memorandum of understanding (MoU), seven Korean companies from the South Jeolla Province (Jeollanam-do) have been selected to receive guidance from UL Solutions.

The initiative combines UL Solutions' safety science expertise with a global certification support center in Jeollanam-do to provide market access readiness support. The agreement is being overseen by the minister of SMEs and Startups, with the next group of participating tech startups to be determined in 2025.

UL Solutions (NYSE: ULS) e il Ministero delle Piccole e Medie Imprese e delle Startup della Corea (MSS) hanno avviato la prossima fase della loro collaborazione per supportare le startup sudcoreane nella navigazione del testing dei prodotti per il mercato statunitense. A seguito del loro memorandum d'intesa (MoU) di aprile 2023, sette aziende coreane della provincia di Jeolla del Sud (Jeollanam-do) sono state selezionate per ricevere assistenza da UL Solutions.

Questa iniziativa combina l'expertise di UL Solutions nella scienza della sicurezza con un centro di supporto alla certificazione globale a Jeollanam-do per fornire supporto alla preparazione all'accesso al mercato. L'accordo è supervisionato dal ministro delle PMI e delle Startup, con il prossimo gruppo di startup tecnologiche partecipanti che sarà determinato nel 2025.

UL Solutions (NYSE: ULS) y el Ministerio de Pequeñas y Medianas Empresas y Startups de Corea (MSS) han lanzado la siguiente fase de su colaboración para apoyar a las startups surcoreanas en la navegación de pruebas de productos para el mercado estadounidense. Tras su memorando de entendimiento (MoU) de abril de 2023, se han seleccionado siete empresas coreanas de la provincia de Jeolla del Sur (Jeollanam-do) para recibir orientación de UL Solutions.

La iniciativa combina la experiencia en ciencia de la seguridad de UL Solutions con un centro de apoyo a la certificación global en Jeollanam-do para proporcionar apoyo en la preparación para el acceso al mercado. El acuerdo está bajo la supervisión del ministro de PME y Startups, y el próximo grupo de startups tecnológicas participantes se determinará en 2025.

UL Solutions (NYSE: ULS)와 한국 중소기업청(MSS)은 미국 시장을 위한 제품 테스트를 탐색하는 한국 스타트업을 지원하기 위해 협력의 다음 단계를 시작했습니다. 2023년 4월의 양해각서(MoU)에 따라 전라남도에서 선택된 7개 한국 기업이 UL Solutions로부터 지도를 받게 됩니다.

이 이니셔티브는 UL Solutions의 안전 과학 전문성과 전라남도의 글로벌 인증 지원 센터를 결합하여 시장 접근 준비 지원을 제공합니다. 이 협정은 중소기업 및 스타트업 장관이 감독하며, 다음 참여 기술 스타트업 그룹은 2025년에 결정될 예정입니다.

UL Solutions (NYSE: ULS) et le Ministère des petites et moyennes entreprises et des startups de Corée (MSS) ont lancé la prochaine phase de leur collaboration pour soutenir les startups sud-coréennes dans la navigation des tests de produits pour le marché américain. Suite à leur protocole d'accord (MoU) d'avril 2023, sept entreprises coréennes de la province de Jeolla du Sud (Jeollanam-do) ont été sélectionnées pour recevoir des conseils de UL Solutions.

Cette initiative combine l'expertise en science de la sécurité de UL Solutions avec un centre de soutien à la certification mondial à Jeollanam-do pour fournir un soutien à la préparation à l'accès au marché. L'accord est supervisé par le ministre des PME et des Startups, et le prochain groupe de startups technologiques participantes sera déterminé en 2025.

UL Solutions (NYSE: ULS) und das Ministerium für kleine und mittlere Unternehmen und Startups Koreas (MSS) haben die nächste Phase ihrer Zusammenarbeit gestartet, um südkoreanische Startups bei der Navigierung von Produkttests für den US-Markt zu unterstützen. Nach ihrem Memorandum of Understanding (MoU) vom April 2023 wurden sieben koreanische Unternehmen aus der Provinz Jeolla-do (Jeollanam-do) ausgewählt, um Unterstützung von UL Solutions zu erhalten.

Die Initiative kombiniert die Expertise von UL Solutions in der Sicherheitstechnik mit einem globalen Zertifizierungsunterstützungszentrum in Jeollanam-do, um Unterstützung für die Marktzugangsvorbereitung zu bieten. Die Vereinbarung steht unter der Aufsicht des Ministers für kleine und mittlere Unternehmen und Startups, wobei die nächste Gruppe von teilnehmenden Technologie-Startups im Jahr 2025 festgelegt werden soll.

Positive
  • Strategic expansion into South Korean market through government partnership
  • Secured agreement with seven Korean companies for certification services
Negative
  • None.

The initiative helps South Korean startups navigate testing for the United States market

NORTHBROOK, Ill.--(BUSINESS WIRE)-- UL Solutions (NYSE: ULS), a global leader in applied safety science, and Korea’s Ministry of Small and Medium-Sized Enterprises and Startups (MSS) launched the next phase of their collaboration to support expanding industries and advance technological innovation.

This collaboration – resulting from the memorandum of understanding (MoU) signed in April 2023 – helps South Korean startups navigate product testing for the United States market. This stage includes the designation of seven Korean companies located in the South Jeolla Province, known as Jeollanam-do, to receive guidance from UL Solutions.

The initiative aims to provide market access readiness support to these startups by utilizing both the safety science expertise of UL Solutions and a global certification support center in Jeollanam-do. The agreement was signed in 2023 and is being overseen by the minister of Small and Medium-Sized Enterprises – known as SMEs – and Startups.

“We’re thrilled to begin the next chapter of this collaboration to further advance and support these innovative tech startups in Korea,” said Yun Chung, UL Solutions regional managing director for Korea. “As a leader in safety science, there’s no better organization to guide these startups as they navigate testing and help them grow by entering the U.S. market with products that meet safety standards – and ultimately, benefit consumers.”

The next group of participating tech startups will be determined in 2025.

About UL Solutions

A global leader in applied safety science, UL Solutions (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers’ product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers’ products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage.

Press Contact:

Bradley Carlson

UL Solutions

ULNews@UL.com

T: +1 (312) 241.3308

Source: UL Solutions Inc

FAQ

What is the purpose of UL Solutions' collaboration with Korea's MSS?

The collaboration aims to help South Korean startups navigate product testing for the United States market and advance technological innovation through UL Solutions' safety science expertise.

How many Korean companies are participating in ULS's current certification program?

Seven Korean companies located in the South Jeolla Province (Jeollanam-do) have been selected to receive guidance from UL Solutions.

When was the MoU between UL Solutions and Korea's MSS signed?

The memorandum of understanding (MoU) was signed in April 2023.

When will ULS select the next group of Korean tech startups?

The next group of participating tech startups will be determined in 2025.

UL Solutions Inc.

NYSE:ULS

ULS Rankings

ULS Latest News

ULS Stock Data

10.93B
61.40M
0.95%
115.28%
0.79%
Specialty Business Services
Services-testing Laboratories
Link
United States
NORTHBROOK