K-Startups Rising in New York... Ministry of SMEs and Startups: "Using the US as a Base to Go Global"

'Korea-US Startup Summit' Held Over Two Days on 20-21
About 200 Startup and Large Corporation Officials from Both Countries Attend
Lee Young, Minister of SMEs and Startups, "A Full-Scale Attempt at Global Expansion"

[Asia Economy Reporter Kim Bo-kyung] The government has chosen the United States as a base to support domestic startups in expanding overseas. It has created a platform for networking between startups from both countries and for global corporations to collaborate jointly on-site in the U.S.

The Ministry of SMEs and Startups will hold the 'Korea-U.S. Startup Summit' over two days, June 20-21 (local time), at Pier 17 in New York. This event marks the official launch of efforts to support startups' global expansion.

The Korea-U.S. Startup Summit is significant in that it provides various networking opportunities between global companies, investors, and startups in the U.S. and large corporations and startups in Korea. More than 200 participants from both countries are expected to attend.

The venue will feature a joint exhibition hall with major companies such as Google, Hyundai Motor Company, and Naver Cloud, along with 15 startups, and a total of 10 programs will be operated.

The programs for this event are broadly categorized into three areas: ▲ collaboration with global corporations ▲ startup investment attraction ▲ networking between startups from both countries.

First, through the joint pavilion of large corporations and startups, outstanding technologies and items from startups will be showcased to the U.S. startup ecosystem, and successful collaboration models between global corporations and startups will be introduced.

On June 20, collaboration models between major companies from both countries, including Google, AWS, Hyundai Motor Company, and Naver Cloud, and Korean startups will be presented.

Lee Young, Minister of SMEs and Startups, is delivering a greeting at the 'Digital Unicorn and Startup Meeting' held on the 18th (local time) in Silicon Valley, California, USA.

The following day, Minister Lee Young of the Ministry of SMEs and Startups, Google Vice President Karan Bhatia, Oracle Senior Vice President Dave Rosenberg, Naver Cloud CEO Park Won-ki, and Hyundai Motor Company President Gong Young-woon will hold a panel discussion on the theme "Core Technologies and Startups in the Digital Era."

A joint nurturing ceremony pledging cooperation between global companies and Korean startups is also scheduled.

The second program focuses on attracting investment for startups. On June 21, 10 Korean startups will conduct investment attraction IR sessions targeting U.S. venture capitalists. On the same day, a signing ceremony for a joint fund agreement between Korea's Korea Fund of Funds and U.S. venture capital firms is planned.

The third program is a networking initiative between the Korea-U.S. startup ecosystems. On the morning of the first day, outstanding cases of Korea-U.S. startups will be presented. CEOs such as Ma Guk-seong of IGAWorks, which has grown into a Korean unicorn, Lee Seung-jae of Bucketplace, and Gavin Kenneally, co-founder of the U.S. startup Ghost Robotics, will share their success strategies and experiences.

During the 'Startup Demo Day Part 1' held on June 20, 10 startups from both countries with similar items will present their products and explore cooperation methods.

On the following day, during 'Startup Demo Day Part 2,' 14 startups participating in the New York program of the 'K-Startup Center' will pitch their achievements and technologies to U.S. accelerators Mind The Bridge and stakeholders in the U.S. startup ecosystem.

Minister Lee stated, "This event is a full-fledged attempt for the government and startups to enter the global market together, based on the government's credibility. We hope it will provide practical help in networking, corporate promotion, and investment attraction for Korean startups."

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