Thu. Mar 16th, 2023

A venue has been opened for K-Startup to move forward around the world. The Ministry of SMEs and Startups announced that it will hold the “Korea-U.S. STARTUP SUMMIT” at Pier 17 in New York for two days from the 20th to the 21st.

The Korea-U.S. Startup Summit is a promotion task for “building a global network and expanding overseas bases” among the “K-Startup Global Entry Strategy” announced by the Ministry of SMEs and Startups on the 8th. Starting with the Korea-U.S. Startup Summit, the Ministry of SMEs and Startups plans to support K-Startups’ global expansion in earnest.

Minister of SMEs and Startups Lee Young held a digital unicorn startup meeting at KIC Silicon Valley in San Francisco on the 18th (local time) before the Korea-U.S. Startup Summit. (Picture = Heavy Industries)

The Korea-U.S. Startup Summit is meaningful in that it has provided various networking opportunities between global companies, investors, startups in the U.S., and Korean conglomerates and startups in New York (Silicon Alley), where the startup ecosystem and IT industry are developed.

More than 200 people, including South Korea-U.S. conglomerates, U.S. venture capital (VC), accelerators (AC), and South Korea-U.S. startups, will participate in the event. A total of 10 programs, including a two-day main event, will be operated at the venue, with a joint exhibition hall of 15 startups with three large companies: Google, Hyundai Motor, and Naver Cloud.

The biggest feature of the event is that it is a program with global conglomerates such as Google and Hyundai Motor, the Ministry of SMEs and Startups explained. On the 20th, cooperative models between large Korean and U.S. companies such as Google, AWS, Hyundai Motor, and Naver Cloud and Korean startups will be introduced. A Korean startup that participated in the event will also announce its items.

On the 21st, a “core technology and startups in the digital era” meeting will be held, involving Minister of SMEs and Startups Lee Young, Vice Chairman of Google Caranbatia, Senior Vice President of Oracle Dave Rosenberg, Naver Cloud CEO Park Won-ki, and Hyundai Motor Managing Director Hwang Yoon-sung. A joint fostering ceremony is also scheduled to pledge that global companies and Korean startups will work together to move forward.

There will also be a program to attract investment in startups in Korea. On the 21st, 10 Korean startups will conduct investment attraction IR for U.S. VCs. In the afternoon of the day, an agreement ceremony will be held between Korea’s parent fund and U.S. venture capital to create a joint fund.

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