South Korean President Moon Jae-in and Finnish President Sauli Niinistö signed a memorandum of understanding (MOU) to cooperate on SMEs, startups, and innovation, in Helsinki on June 10. Korea will also establish startup centers in Finland and Sweden that will helping Korean startups network with companies based in Scandinavia. The Ministry of SMEs and Startups and Finland’s Ministry of Economic Affairs and Employment agreed to establish the Korea Startup Center (KSC) in Finland; a similar agreement is expected for South Korea and Sweden.