Korea VC Association Successfully Concludes 'K-Global Venture Capital Summit 2024'

On the 11th, Yoon Geon-su, Chairman of the Korea VC Association, delivered the opening remarks at the CVC Workshop session of the 'K-Global Venture Capital Summit 2024' held at SKY31 Convention in Jamsil, Seoul. Provided by Korea VC Association

The Korea Venture Capital Association (KVCA) announced on the 13th that “the KVCA and the Ministry of SMEs and Startups (MSS) successfully concluded the ‘K-Global Venture Capital Summit 2024,’ held in conjunction with ‘COMEUP,’ the largest startup festival in Korea.”

The event, held from the 10th to the 12th at SKY31 Convention in Songpa-gu, Seoul, was organized to strengthen exchanges and cooperation between domestic and international venture capitalists (VCs) and ventures/startups, and to expand the international cooperation foundation of Korea’s venture investment ecosystem.

The summit was attended by about 70 global VC representatives from 51 companies across 13 countries including the United States, the United Kingdom, France, the United Arab Emirates (UAE), Singapore, and Japan. On the first day, at the global venture investment meeting chaired by Lim Jeong-wook, Director of the Startup Venture Innovation Office at MSS, the current status of the Korean venture ecosystem and government policy directions were introduced to global VC representatives. During the networking session, participants shared their companies and investment strategies focusing on areas of interest such as artificial intelligence (AI), deep tech, content, and energy/climate tech, discussing practical possibilities for cooperation.

On the second day, at the ‘CVC Meetup Session’ held at GS Tower, GS Ventures and CJ Investment introduced the domestic CVC (Corporate Venture Capital) ecosystem to global VCs. At the ‘CVC Workshop,’ time was allocated to share domestic and international venture investment trends and success cases. Song Jae-jun, CEO of Crit Ventures, said, “K-content is creating a new wave in the global market. The role of Korean CVCs supporting this is important.” James Mawson, CEO of Global Corporate Venturing (GCV), emphasized the importance of global cooperation, stating, “CVCs are at the center of innovating global industries.” During the ‘K-Global Star IR’ session, eight startups presented their business ideas and visions in front of global VCs, seeking investment opportunities.

On the final day, global VCs visited the COMEUP 2024 venue in person to experience Korea’s startup ecosystem and innovative ideas. Yoon Geon-su, Chairman of the KVCA, said, “As the global venture investment environment rapidly changes, I hope this summit served as an opportunity to showcase the potential of Korea’s venture investment ecosystem to global venture investors and to strengthen global partnerships,” adding, “I hope the global network formed through this event will act as a foothold for Korean startups’ global expansion and investment attraction in the future.”

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