Woowa Brothers, the operator of Baemin, said on the 11th that it held an on-site networking event on the 10th at Baemin Startup Square in Pangyo, Seongnam, Gyeonggi, inviting 38 representatives from corporations participating in the 2026 K-Startup Grand Challenge.
The K-Startup Grand Challenge is a program run by the Ministry of SMEs and Startups to support promising overseas startups in entering and settling in Korea. This year as well, it is recruiting overseas prospective and early-stage startups and supporting business connections with domestic corporations and investors.
At the event, Baemin shared its growth path since its founding and its experience in the domestic delivery market with overseas startup representatives. A Q&A session was also held on topics including the Korean consumer market and the operational and marketing know-how Baemin has accumulated in the course of business.
Kim Eun-hye, head of operations at Baemin Startup Square, said, "Baemin, which began with paid-in capital of 30 million won, has achieved textbook startup growth by continuously strengthening its competitiveness even amid intense market conditions," and added, "We will not be complacent with the present and will aim to become an irreplaceable delivery platform through relentless innovation."
Participants also toured Baemin Startup Square's facilities, including an 80-seat conference hall and lounge and networking spaces used by resident corporations. Currently, about 60 early-stage startups in fields such as Foodtech, robotics, artificial intelligence (AI), and eco-friendly technologies are based there. Resident corporations can receive expert advice and training in law, management, and accounting, and are also given opportunities to meet investors through investor relations (IR) events linked with venture capital (VC).
Baemin Startup Square runs an investment linkage program not only for resident corporations but also for external early-stage startups. In October, it plans to hold a startup IR event with VentureSquare to review investments and explore the potential for business collaboration with Woowa Brothers.
Mark Belnegger, head of a Dutch startup, said, "It was a meaningful time to appreciate the capabilities of Woowa Brothers, which has run its business successfully," adding, "Baemin Startup Square also seems attractive in that diverse corporations are communicating together in one space."
Kim Ju-yeon, head of corporate strategy at Woowa Brothers, said, "We are pleased to be building a startup-nurturing ecosystem together with the Ministry of SMEs and Startups and the Gyeonggi Center for Creative Economy and Innovation," and added, "We will continue to work so that we can be a corporation that contributes to creating a vibrant startup environment in Korea through active public-private cooperation."