SOUTH KOREA & SINGAPORE : THE TWIN TIGERS - DEMO DAY  

SOUTH KOREA & SINGAPORE : THE TWIN TIGERS - DEMO DAY  

Date & Time
Tuesday, 24 October, 2017 - 12:00 to 19:00
Food and beverages served?
Yes
Venue
Seminar room
Type of event
Public Event (Open for walk-ins)

Chances are when you think of Korea, you think of KPop boybands, and the handsome and beautiful celebrities in KDramas (Lee Min Ho and Lee Ji Eun anyone?).

But years before Korea captured the hearts of the world through their fresh brand of entertainment, Korea built a name for itself globally through ICT and shipbuilding. Samsung, LG, and Hyundai, were once struggling companies during the height of the country’s poverty. But after significant foreign investment from the U.S and massive help from the Korean government, these companies grew into the large family-owned conglomerates we know today.

After the rise of the chaebols, the Korean startup scene mellowed down. But in recent years, the entrepreneurial spirit in South Korea has revived. With robust government programs and an active private sector, the total amount of VC investments in Korea has, with both local and global players battling it out to get the best deals, Korea has always been, and perhaps will always be at its strongest in tech.
 
Korea has produced some unicorns in recent years such as Coupang (backed by Sequoia), Naver (Korea’s no. 1 internet company), Memebox (YC Alum), and Kakao, all of which have exhibited success on either a national or regional level.

But now the question remains, can Korean startups conquer the entire world like their American counterparts have?
 
The short answer is yes. But what do they need to do so?

Strategic investors who can help the startup expand smoothly into overseas markets. 
Hire local teams who can adjust and localize products/services. 
Include more diversity into founding teams to make the innovation process faster.
 Time will tell if Korea will manage to produce a globally successful startup, but till then, the race is on to found, find, and fund it.
 
On October 24th 2017, some of the top tech startups and VC’s (Sunbo Angel Partners) from South Korea will be hosting a demoday at BLOCK71 Singapore, and they’re looking for Singaporean startups and VC’s to meet, collaborate and find investment opportunities.
 
For founders: Send an email to [email protected] with your name, a brief description of your startup, and your pitch deck! Lunch and dinner will be provided, but hurry up since there are only 12 spots left!
 
For investors: RSVP to [email protected] with your name and company name.