The Ministry of Science, ICT and Future Planning hosted the 2016 K-global@Silicon Valley conference in Santa Clara, CA, on Nov. 2 and 3. The event is aimed at helping small and medium-sized Korean venture firms and startups from across the IT industry expand their business overseas.
As the opener of the two-day seminar, an international conference brought together IT experts from around the world, allowing them to share their insights about the globalization of new technologies and industries, under the theme of industry 4.0.
About 300 IT experts gather for an international conference, part of the 2016 K-Global@Silicon Valley held in California on Nov. 2 and 3.
The two-day trade fair invited a select group of 44 promising smaller and venture businesses to hold one-on-one business talks with more than 200 international buyers, concerning exports and investment.
A group of 25 startups, selected as rising businesses in the domestic industry by institutions specialized in providing assistance to startups, showcased their unique technologies and services to Silicon Valley investors in the Startup IR program.
Sixteen global enterprises were also part of the event, offering young ethnic Koreans living outside of Korea an opportunity to land a job. Experts from across IT and the sciences gathered during the K-networking event to talk about ways to help more Korean startups make inroads in broader markets abroad.
Korean businesses introduce their products at a trade fair, part of the 2016 K-Global@Silicon Valley held in California on Nov. 2 and 3.
The Korea Investment Corporation, the Korea Venture Investment Corp. and the Korea Telecommunications Operators Association signed a “Korea Accelerating Fund” agreement with the Silicon Valley-based Big Basin Capital firm, as part of efforts to support Korean startups that hope to set foot overseas.
“The world is entering the fourth industrial revolution, where IT will bring about innovation across the economy and society,” said an official from the Ministry of Science, ICT and Future Planning. “In such times, venture and startup businesses, especially those armed with creative ideas and technologies, will lead such changes and revolutions.”
By Wi Tack-whan, Sohn JiAe
Korea.net Staff Writers
Photos: Ministry of Science, ICT and Future Planning
whan23@korea.kr
