CoHive Builds Partnership with Korean Government to Support Startup Development

Written by CoHive Corporate Communication Team

Published on 22 December 2018

CoHive, the largest coworking space company in Indonesia (previously known as EVHive) has built a partnership with the Korea Trade-Investment Promotion Agency (KOTRA) in order to develop startup ecosystems between Indonesia and South Korea. Collaboration between the two parties is supported by the South Korean Embassy in Indonesia. KOTRA and CoHive also signed a Memorandum of Understanding (MoU) in September when President Joko Widodo (Jokowi) made a state visit to South Korea.

CoHive's Co-Founder & Chief Creative Officer (CCO), Ethan Choi, hoped that this collaboration could create synergy between Indonesia and South Korea by sharing knowledge with each other. South Korea has strong capacities to help Indonesia build infrastructure and technology that can support the development of startups.

"This is our first official collaborative program between South Korea and Indonesia. We don't want this program to be a one-time event. Furthermore, we aim to make this a routine event that will bring entrepreneurs from various countries to Indonesia to share their knowledge and skills as well as to explore cooperation opportunities," said Ethan on Saturday (12/22/2018).

Meanwhile, KOTRA's Managing Director, Kim Hyun A, explained the reason he chose to collaborate with CoHive. Kim stated that CoHive had shown its success in building the largest startup community compared to other Indonesian coworking space companies. "Based on that excellence, KOTRA aims to bring Korean entrepreneurs to the CoHive community and vice versa," Kim said.

KOTRA and CoHive have been actively developing collaborative projects by inviting entrepreneurs from Korea to come to Indonesia. One of them is through the "Korea-Indonesia Entrepreneurs Camp" program which is done from 3 – 27 December in Jakarta and Bali. Through the acceleration of the Ciputra Entrepreneurship Center (CEC) program, participants from Korea learn about the market in Indonesia and have the opportunity to meet startups from Indonesia.

The participants are able to enjoy the benefits of CoHive and KOTRA. CoHive offers participants the benefits of membership in coworking space at a favourable price. Meanwhile, KOTRA offers mentoring and networking services with local business partners and the government.