Venture Business Association Holds 'Startup Meetup' with Deutsche Telekom

Supporting Venture Companies to Form Partnerships

The Korea Venture Business Association announced on the 23rd that it held the 'Startup Meet-Up' (Deutsche Telekom Magenta Management Meet-Up) event on the 20th at TOB in Gangnam-gu, Seoul, in collaboration with the German global telecommunications company Deutsche Telekom.

Seong Sang-yeop, Chairman of the Korea Venture Business Association, is giving a greeting at the 'Startup Meetup' held on the 20th at TOB in Gangnam-gu, Seoul.
[Photo by Korea Venture Business Association]

The Korea Venture Business Association organized this event to introduce the current status of Korea's innovative industries to Germany and to support innovative domestic venture companies in forming strategic partnerships with Deutsche Telekom. Deutsche Telekom has approximately 245 million customers across more than 50 countries.

The event was attended by Seong Sang-yeop, Chairman of the Korea Venture Business Association, Tim H?ttges, Chairman of Deutsche Telekom, and about ten executives.

Kong Kyung-rok, CEO of K2G Fund, delivered a keynote speech on the theme of 'Korea's Startup Ecosystem,' covering the overall domestic startup ecosystem and the necessity for Korean companies to expand overseas. Following this, companies such as ICTK, a security solution specialist based on Physical Unclonable Function (PUF), HFR, a telecommunications equipment manufacturer, FRTek, a mobile communication system specialist, DeepBrain AI, a generative artificial intelligence (AI) specialist, and Wayne Hills Bryant A.I, an AI startup, explained their technological capabilities and collaboration points.

During the networking session, Deutsche Telekom executives and domestic venture entrepreneurs explored opportunities for strategic partnerships.

Chairman Seong stated, “Korea, based on its leading 5G infrastructure, is rapidly producing and growing innovative venture companies with unique technologies in areas such as metaverse, AI, security, and fintech,” adding, “We hope this event will serve as an opportunity for global corporations and domestic innovative companies to explore joint business models and collaborate.”

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