Standard Association signs business agreement with Draper Athena... Discovering global startups

On the 14th, Lee Sang-jin, President of the Korea Standards Association (right), signed a memorandum of understanding with Jeong Hoe-hoon, CEO of Draper Athena, and took a commemorative photo.

[Asia Economy Reporter Kim Cheol-hyun] The Korea Standards Association announced on the 16th that it has signed a Memorandum of Understanding (MOU) with Draper Athena, a U.S. venture capital firm led by CEO Jung Hoe-hoon, to share know-how and networks for discovering promising early-stage companies and fostering unicorn companies. Since its establishment in 1997, Draper Athena has invested in over 800 startups and is the largest startup investment venture capital firm in the United States.

On the 14th, Lee Sang-jin, chairman of the Korea Standards Association, and Jung Hoe-hoon, CEO of Draper Athena, discussed various cooperation plans such as global startup investment and fostering, and establishing a global joint venture investment fund at the DT Center in Samseong-dong, Seoul. Going forward, both organizations plan to promote joint projects focused on discovering, investing in, and fostering innovative technology startups with high growth potential.

Chairman Lee said, "We expect to build a close cooperative relationship for the development of Korea's startup ecosystem through sharing know-how and networks for discovering promising early-stage and global startups." CEO Jung said, "We hope that the synergy of investment and fostering of global startups can be created through Draper Athena's excellent startup nurturing system and the Standards Association's startup education and consulting capabilities," adding, "We will do our best to create global startups in Korea."

This content was produced with the assistance of AI translation services.