South Korean nonprofit joins Maryland program to bolster foreign investment

A South Korean nonprofit is the newest partner in Maryland’s program that seeks to attract international businesses to the state by offering resources such as mentorship and a temporary location to set up shop. Republican Gov. Larry Hogan, who is in the midst of a 12-day Asia trade promotion trip, announced Monday that the Korean Small and Medium Enterprises and Startups Agency (KOSME) will join the state’s Global Gateway Initiative, according to a press release from the governor’s office. This partnership will couple Maryland’s Global Gateway program with KOSME’s Global Youth Startup Academy, which seeks to assist up-and-coming technology companies that are looking to reach overseas markets.