Lee Jae-myeong Actively Encourages U.S. Investment in South Korean Technology

BlockBeats News, July 26th - According to Yonhap News Agency, South Korean President Lee Jae-myung stated: "South Korea and the United States should expand the scope of cooperation, not limited to the long-standing security alliance, but also encompassing the fields of technology, innovation, and startups." He emphasized that combining the world-class venture capital capabilities and global network of the United States with South Korea's advanced technological capabilities and manufacturing competitiveness will create a new set of global innovative companies. Lee Jae-myung also called on U.S. venture capital firms to strengthen cooperation and increase investment in South Korea, while pledging to create the world's most attractive investment and startup environment.

He stated that South Korea will reform its visa system to better attract overseas entrepreneurial talent, while laying the foundation for a cooperation system between domestic and foreign companies, research institutions, and investors. He also pledged to help South Korean startups grow into globally competitive companies through funds that connect the private sector with government management.