During his visit to Silicon Valley, South Korean President Lee Jae Myung emphasized the nation’s prowess in technology, manufacturing, and innovation to prominent US venture capital firms. He advocated for enhanced collaboration to foster the emergence of new global technology giants. President Lee underscored South Korea’s state-of-the-art digital infrastructure, a highly skilled workforce, and rapid execution abilities as compelling reasons for investment, pledging government support through various initiatives.
Among the proposed measures were visa reforms aimed at attracting foreign experts, bolstered collaboration between enterprises and research entities, and increased financial support for startups. In a significant development during the visit, the South Korean National Pension Service formalized a memorandum of understanding with six leading US venture capital firms, focusing on expanding investment cooperation and reinforcing connections with the South Korean startup ecosystem.
President Lee’s itinerary included meetings with Korean expatriates and key figures in the technology sector, featuring discussions with executives from major companies such as Samsung, SK Group, Hyundai, Nvidia, OpenAI, Broadcom, and Anthropic. These interactions aimed to strengthen ties and explore potential partnerships that could drive technological advancements and economic growth.
Following his engagements in the United States, President Lee departed for Brazil, continuing his multi-country tour designed to fortify economic and strategic alliances. This tour reflects South Korea’s ongoing commitment to establishing robust international partnerships and fostering a conducive environment for technological innovation and investment.