Global Investment Attraction 'Seoul Investment Forum' Held... Over 100 Global Investors Gathered in One Place
Inviting over 30 overseas investors from the US, Europe, Asia, and the Middle East... Large-scale investment attraction briefing matching promising Seoul companies
Netflix subsidiary Aline Studio... Establishes special effects video studio in Seoul, investing $100 million over 5 years
[Asia Economy Reporter Lim Cheol-young] More than 30 major overseas investors from the US, Europe, Asia, and the Middle East, along with over 100 domestic investors, 28 Seoul-based companies, and a total of around 150 companies and institutional investors will gather in Yeouido. Notably, Eyeline Studios, a subsidiary of Netflix, announced plans to establish a special effects video studio in Seoul and invest $100 million over the next five years.
According to Seoul City on the 20th, the Seoul Investment Agency and Korea Investment & Securities will hold the global investment attraction event, the Seoul Investors Forum, on the 21st and 22nd at the Conrad Hotel in Yeouido. Over two days, various events will take place, including an investment attraction briefing, signing of investment attraction MOUs with global special effects production companies, and a Bloomberg Korea lecture on international mergers and acquisitions (M&A) trends and status.
The forum will open on the 21st with a welcoming address by Mayor Oh Se-hoon. Following this, for about 100 domestic and international investors including EURAZEO (France), Fosun Capital (China), Cento Ventures (Singapore), and Verizon Communications (USA), SemiFive, a semiconductor design company recognized as a next-generation unicorn, will be the first presenter, introducing its globally recognized technology and future growth potential.
Additionally, an investment attraction MOU signing ceremony will be held between Seoul City and the global special effects video production company Eyeline Studios, Inc. Eyeline Studios, a Netflix subsidiary, announced the establishment of a special effects video studio in Seoul and revealed plans to invest $100 million (137 billion KRW) over the next five years, along with hiring at least 200 new employees. On this day, Mayor Oh and Eyeline Studios CEO Stephan Trojanski are scheduled to sign the agreement in person. Jeffrey Ross, Vice President of Production Strategy and Operations at Netflix, and other officials will also attend to strengthen the cooperative relationship among Seoul City, Eyeline Studios, and Netflix to revitalize the domestic digital media industry.
The main investment attraction briefings between overseas investors and Seoul companies will be held from the afternoon of the 21st through the 22nd over two days. Prior to the event, overseas investors will be provided with information on Seoul companies, and companies wishing to participate will be matched, with two groups of investment attraction briefings held simultaneously. Overseas investors are attending from diverse regions including the US, France, China, Japan, Singapore, Saudi Arabia, and Israel. Notably, major venture capital firms such as NEA (USA), FOSUN (China), and SBI Investment (Japan), as well as private equity firms like EURAZEO (France), and corporate venture capitals (CVC) such as HP Tech Ventures and Applied Ventures (USA) are participating.
Lectures for companies seeking investment attraction and overseas expansion are also prepared. On the 22nd, Bloomberg Korea will deliver a lecture on international M&A trends and status, and the startup-specialized law firm, Law Firm Seum, will conduct a practical lecture on Korean investment for overseas investors.
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Hwang Bo-yeon, Director of Seoul City’s Economic Policy Office, said, “This event is the first global investment attraction event hosted by the Seoul Investment Agency, which was launched in February this year. It is part of efforts to actively connect domestic and foreign investors to Seoul companies that may face management difficulties due to the global economic crisis and shrinking investment sentiment or need overseas investment for growth, providing them with opportunities.” He added, “We will continue to provide necessary support to ensure that fruitful investment attraction results are achieved through ongoing bridging between companies and investors even after the event.”
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