Gyeonggi CCEI and Asia2G Capital Sign MOU to Globalize Korea’s Startup Ecosystem
On the 12th, the Gyeonggi Creative Economy Innovation Center (Gyeonggi CCEI) in Korea signed a Memorandum of Understanding (MOU) with Asia2G Capital (formerly known as K2G Fund, hereinafter referred to as Asia2G) to cooperate on startup investments and to foster the globalization of Korea’s startup ecosystem.
This agreement aims to collaboratively pursue co-investments and investment connections in promising global startups, support domestic startups in entering overseas markets through joint projects, and assist foreign companies in establishing themselves in Korea.
Through this partnership, both parties plan to periodically offer seminars and expert mentoring on strategies for overseas expansion and investment attraction tailored to startups preparing for international ventures. This effort will leverage the Silicon Valley field experience and core competencies of Asia2G Capital’s partners to intensively cultivate startups with a global orientation.
Asia2G, a venture capital firm based in Silicon Valley, supports promising startups in Asia, with a focus on Korea, in achieving global success. It has introduced an innovative venture capital concept where Limited Partners (LPs) actively participate in company development. Among the LPs are notable figures such as Joe Lonsdale, co-founder of PayPal and Palantir; Jang Byung-gyu, chairman of Krafton; and Cha Myung-hoon, CEO of Coinone, focusing on investments in B2B SaaS companies. Notable investments include Theori, a cybersecurity specialist company, and AcrossB, a global logistics automation platform.
The Gyeonggi CCEI commented, “This MOU not only enhances the prospects for Korea’s promising startups to expand into Silicon Valley but also broadens the opportunities for foreign companies to establish and conduct their businesses in Korea. As a global hub among the national innovation centers, Gyeonggi CCEI will continue to forge diverse partnerships and operate programs aimed at globalizing Korea’s startup ecosystem and nurturing global unicorn companies.”
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