Korea Investment Corporation (KIC) has moved to support Korea Venture Investment Corporation and domestic startups in raising investment on the ground in the United States.
Korea Investment Corporation (KIC) said on the 14th that it hosted the "K-Global Deep Konnect IR" event with Korea Venture Investment Corporation (KVIC) in San Francisco on the 11th local time.
K-Global Deep Konnect IR is an event that supports promising domestic startups in entering the U.S. market and raising investment on the ground, held as part of an agreement KIC signed with Korea Venture Investment Corporation in June to support overseas expansion by domestic startups.
KIC and Korea Venture Investment Corporation lined up local investors, and the Korea Innovation Center under the Ministry of Science and ICT connected Korean startups.
Thirty Korean-founded startups in fields such as artificial intelligence (AI) and Autonomous Driving, as well as major Silicon Valley venture capital firms (VCs) including Notable Capital and NEA, were said to have participated.
Park Yu-mi, head of KIC's San Francisco office, said, "It was a meaningful occasion that laid a bridgehead for collaboration between the Korean startup ecosystem and U.S. VCs."
Meanwhile, KIC has overseas branches and offices in New York and San Francisco in the United States, London in the United Kingdom, Singapore, Mumbai in India, and Tokyo in Japan, all global financial hubs.
Each overseas branch and office is working to share overseas investment information with domestic public and private financial institutions that have entered the local market and to build a system of mutual cooperation.