South Korea Invites U.S. VC Investment to Boost Tech Sector Growth

Lee Jae-myung urges US VC firms to invest in Korea, promising visa reforms and capital integration to foster next-gen global tech innovators.

Woofun AI reports that South Korean President Lee Jae-myung called for expanded cooperation with the United States beyond security alliances, focusing on technology, innovation, and startups during the "Silicon Valley Venture Capital Meetup" in San Francisco. He highlighted complementary strengths, noting U.S. venture capital capabilities and South Korea's manufacturing competitiveness, aiming to cultivate new global leaders like Samsung or Naveres. Lee urged U.S. firms to increase investments, pledging improvements to the visa system and support through integrated sovereign and private capital. On the same day, participating venture capital firms signed a memorandum of understanding with the National Pension Service of South Korea.