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flag U.S. startup Konnect won K-Startup Grand Challenge 2025 for its Korea-focused payment platform, with two others also receiving major funding.

flag The K-Startup Grand Challenge 2025 concluded on December 11 in Seoul, selecting Konnect, a U.S.-based startup, as the Grand Prize winner for its global authentication and payment platform for foreign residents in Korea. flag The event, part of COMEUP 2025, featured eight finalists from a pool of 2,626 applicants across 97 countries. flag MaimHaim (USA) and Pierrot Company (Canada) took second and third place, respectively, each receiving significant funding. flag All 20 Phase 3 participants, including finalists, will receive three months of support, including office space, business matchmaking, and investor assistance. flag Now in its 10th year, the program has supported over 1,000 international startups, reinforcing South Korea’s commitment to global innovation.

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