South Korea Pledges Visa Reform and VC Incentives to Boost US Tech Investment

President Lee Jae-myung urges US venture capital firms to increase South Korean tech investment, promising visa reforms and a collaborative ecosystem for startups.

Woofun AI reports that South Korean President Lee Jae-myung advocated for expanded cooperation with the United States beyond security alliances, specifically targeting technology, innovation, and startups. He emphasized that merging US venture capital capabilities with South Korea's manufacturing strength could generate new global innovative companies. Lee called on US venture capital firms to strengthen ties and increase investment, pledging to establish the world's most attractive startup environment. The administration plans to reform visa systems to attract overseas entrepreneurial talent and build a cooperation framework linking domestic and foreign entities, research institutions, and investors.

Additionally, funds connecting the private sector with government management will support the growth of globally competitive South Korean startups.