Shinsegae International Launches In-House Venture Program 'idea POD'
Creatrip Team
6 months ago
Shinsegae International has opened applications for the first cohort of its in-house venture program, "idea POD," running until the 23rd. The program—focused on idea, incubation, and innovation—invites employees to form small teams (POD) and propose new business ideas, including new brands or opportunities in promising industries. Selected teams receive funding for up to two years, separate external office space, independent decision-making authority, administrative support, and other institutional backing. Upon project completion participants receive special incentives regardless of spin-off decisions; successful spinoffs may earn equity rewards and stock options. The initiative is part of the company’s 30th-anniversary “organizational paradigm shift” to foster a challenge-and-execution-oriented culture and reduce formal reporting to encourage bold, creative action. (idea POD: 사내벤처 프로그램 name)
