Business · Companies · 2 hrs ago
Daegu startups secure $21 million in deals at technology expo
Four startups from Daegu secured $21 million in deals and signed three cooperation agreements at the FIX 2026 technology expo in South Korea.
The city is using the event to help eight local startups reach overseas markets.
AI healthcare company Indertech signed a $20 million investment deal with a Malaysian company to develop its technology.
EV charger maker Chaevi agreed to export $1 million worth of chargers and related products to an Indonesian company.
Daeyoung Textile agreed with a Japanese company to expand textile-material trading, while UND Robotics signed a cooperation agreement with a German company for joint robot research and development.
Daegu says it will keep supporting overseas sales, including buyer searches and follow-up after export contracts, to help turn deals into revenue.
Four Daegu startups secured investment and export contracts worth a total of $21 million, and signed three memorandums of understanding.
The deals were announced by the Daegu city government on October 22.
In더텍 signed a $20 million investment agreement with a Malaysian company to develop artificial intelligence-based digital healthcare solutions.
Chaebi agreed to export $1 million worth of electric vehicle chargers and related products to an Indonesian company.
Daegu supported eight local startups seeking overseas markets through its Star Global Village pavilion at the expo.
- Who
- Four Daegu startups: In더텍, Chaebi, Daeyoung Textile, and UND Robotics.
- What
- They secured investment and export contracts worth $21 million and signed three memorandums of understanding.
- When
- The city government announced the results on October 22, 2026. The expo opened the previous day.
- Where
- At the Future Innovation Technology Expo (FIX 2026) at EXCO in Daegu, South Korea.
- Why
- The city’s Star Global Village pavilion was supporting local startups’ efforts to enter overseas markets.
This story does not have two clearly opposing sides.
FIX 2026 opened at EXCO in Daegu.
The Daegu city government announced the startups’ contracts and memorandums of understanding.
- Total deal value
- $21 million
- In더텍 investment agreement
- $20 million with a Malaysian company
- Chaebi export contract
- $1 million with an Indonesian company
- Expo
- FIX 2026, at EXCO in Daegu
- Star Global Village
- Supported 8 local startups
1 source
What people are saying
We will continue to actively support companies, from finding overseas buyers to follow-up support after export contracts, so that their overseas expansion leads to real sales growth.