Luang Prabang Province in Laos is making strides to boost its startup ecosystem through a collaboration with Sejong City and the Hannam University Consortium from South Korea.

A four-day workshop held at Souphanouvong University on 5-6 and 9-10 December brought together key stakeholders to discuss entrepreneurship and explore future opportunities for cooperation.

The discussions highlighted that while Luang Prabang has seen significant growth in new business registrations, with 2,788 startups and Micro-SMEs established in the past three years, challenges remain. Professor Yoon-Sik Shin from Hannam University pointed out key issues, including limited entrepreneurial experience, difficulties in accessing funding, and a lack of mentoring programs for aspiring business owners.

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