Korea Venture Investment Supports Korean Startup Fundraising in the US... Conducts 'VC Connect'

Startup, Over 50 Attendees Including US VCs
One-on-One IR Coaching Between Companies and VCs Conducted

Korea Venture Investment announced on the 19th that it held the ‘Global VC Connect 365 in San Francisco’ event in Silicon Valley, California, USA, on the 17th and 18th to support promising Korean startups in expanding overseas and attracting foreign investment.

Jay Jung, Partner at Millennium Technology Value Partners, shared insights on the U.S. market trends at the 'Global VC Connect 365 in SF' event on the 17th.
[Photo by Korea Venture Investment Corp.]

This event was jointly hosted by three organizations: Korea Venture Investment under the Ministry of SMEs and Startups, Korea Innovation Center under the Ministry of Science and ICT, and the Consulate General of the Republic of Korea in San Francisco under the Ministry of Foreign Affairs. Related organizations with global networks joined hands to support startups. The event was attended by a total of about 50 people, including 8 promising Korean startups, 13 US venture capital (VC) firms, Industrial Bank of Korea, and Korea Innovation Center.

On the 17th, Jay Chong, partner at Millennium Technology Value Partners in the US, shared insights on the US market trends. The previous day, one-on-one investor relations (IR) coaching sessions were held between companies and VCs to provide opportunities for promising Korean startups to enter the US market and attract investment.

As of the first half of this year, Korea Venture Investment has contributed 628.7 billion KRW to global funds, forming a total of 59 sub-funds worth 8.9 trillion KRW. Through this, over 1 trillion KRW in investment has been made in Korean companies.

Based in its local office in Silicon Valley, USA, Korea Venture Investment continues to expand its overseas VC network. It plans to actively support the overseas expansion of excellent domestic SMEs and startups.

Yu Woong-hwan, CEO of Korea Venture Investment, said, “We will continue to cooperate with government-affiliated organizations to create achievements in overseas expansion and foreign investment attraction for domestic companies.”

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