Seoul City Supports Remittance and Security Fintech Companies' Debut in Silicon Valley and Singapore... Launches Overseas Investment Attraction Campaign

US Silicon Valley and Singapore Local Investment Briefings Held... Selection of 10 Innovative Fintech Companies
Close Support Throughout Investment Attraction Strategy, Consulting, and Follow-up Investment... Supporting Fintech Companies' Overseas Expansion

[Asia Economy Reporter Lim Cheol-young] The Seoul Metropolitan Government is selecting fintech companies with global competitiveness to debut in Silicon Valley and Singapore. This is part of a comprehensive investment attraction campaign aimed at advancing Seoul into a global top 5 financial city.

On the 10th, Seoul announced that it will recruit 10 fintech companies by the 19th to participate in an investment attraction briefing in Silicon Valley, USA, and the Singapore Fintech Festival. The fields include payment, remittance, and security solutions. Selected companies will receive direct and close support from Seoul City throughout the entire process?from investment attraction strategies and consulting to follow-up investment attraction?to facilitate actual investment acquisition.

First, in September, the companies will visit Silicon Valley, the stronghold of advanced business investment in the US, to conduct one-on-one matching consultations with local corporate investors and institutional investors. In particular, to increase the possibility of overseas investment attraction for our companies, Seoul City will collaborate with the Financial Supervisory Service and KOTRA Silicon Valley Trade Center to hold a local investment attraction briefing introducing the excellent technological capabilities of Seoul fintech companies.

Additionally, in November, Seoul fintech companies will be introduced at the world’s largest fintech exhibition and conference, the Singapore Fintech Festival (SFF 2022). Seoul companies in the innovative fintech technology sector will be supported and provided with investment attraction strategy consulting and other investment attraction solutions.

The Singapore Fintech Festival, held over three days from November 2 to 4, will feature the first-ever installation and operation of a ‘Seoul Pavilion’ since the COVID-19 pandemic. At the Seoul Pavilion, our startups with innovative technologies will promote their technologies and products and conduct consultations with global investors on site. A ‘Seoul Promotion Pavilion’ will also be operated to promote the Seoul Investment Agency and introduce the city’s foreign investment incentive system to investors interested in Seoul.

For interested companies, a 60-minute business briefing on ‘local investment attraction’ will be held on the 14th. It will take place on the 16th floor of the Seoul International Financial Center from 10:00 to 11:00 AM. Any Seoul-based fintech company interested in the local investment attraction briefings scheduled for September (Silicon Valley, USA) and November (Singapore) can participate without prior reservation.

The 10 companies selected through document screening and interviews will receive close support throughout the entire process?from preparation for local investment attraction to post-attraction follow-up?with continuous performance management to ultimately secure investment.

Baek Hyun-sook, Director of New Growth Industry Planning at Seoul City, said, “This investment attraction briefing will actively support adapting to the solution-based industrial environment accelerated after COVID-19, building global networks, and sharing rapidly changing technology trend information, serving as a springboard for growth. We ask for the active participation of excellent companies in Seoul’s fintech sector.”

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