SMBA, Korean start-ups seek investors in Silicon Valley

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SMBA, Korean start-ups seek investors in Silicon Valley

Published: 14 Jun. 2016, 20:28

The Small and Medium Business Administration (SMBA) said Tuesday that it hosted an investor relations session in Silicon Valley to help Korea’s promising start-ups obtain funding from investors.

Fifteen Korean start-ups participated in the event dubbed Korean “Start-up Summit Silicon Valley 2016,” and the same event will take place in New York on Wednesday. The Korean companies are mostly engaged in the on-demand services, security, video and medical sectors, and had already received some 20 billion won ($17 million) in funding from venture capitalists and accelerators at home and abroad before the event.

About 60 global venture capital firms including Walden International and DFJ participated in the seminar to gauge the start-ups’ potential.