08:16$1.6 billion in supporting commercialisation and R&D for the next five years.
08:25Global economy is suffering from uncertainty, such as high interest rate and rising inflation.
08:36Dire economy situation has a significant impact on the startups all over the world.
08:42Amid a shrink venture investment to market, we are seeing many startups worrying about their very survival.
08:53Now is the time to come together.
08:56When small things are connected and cooperated, we can see more successful innovative cases.
09:05I hope that here and now, we can start to gear up cooperation between Korea and Europe.
09:15This November, Korea will hold the Startup Festival come up.
09:20I would like to kindly invite all of you to this event and further expand and strengthen our connectivity between
09:32the startup ecosystem of both countries.
09:36I would like to hope to see you in Seoul in November.
09:41Thank you. Thank you very much.
09:42Thank you very much.
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