Teens Set Up Venture Startup - Daemonics

The Korea Times reports :

In contrast to chronic job shortages frustrating college graduates, five teenagers have drawn much public attention by setting up an Internet-related startup called Daemonics.

Daemonics, established by four students of Sunrin Internet High School in Yongsan, central Seoul and a middle school student, has focused on developing a series of software named AppSys, which helps Internet users set up their own systems on the Internet such as a Web site or an enterprise resource planning (ERP) system easily.

The teen business entrepreneurs have already applied for five patents, which include three for their AppSys programs, a business proposal related to information providing services on subway systems and another concerning electronic business transactions.

The new software will be presented at the Korea Venture Startup Fair scheduled to be held on Dec. 3-6 at the Seoul Trade Exhibition Center in southern Seoul.

Korea Venture Business Association