Lee Jae-myung Invites U.S. Capital to Invest in South Korea's Tech Sector

According to Deep Tide TechFlow on July 26, citing Yonhap News Agency, South Korean President Lee Jae-myung stated: "South Korea and the United States should expand the scope of cooperation, not limiting it 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 networks of the U.S. with South Korea's advanced technological expertise and manufacturing competitiveness will create a new wave of global innovative enterprises. Lee Jae-myung also called on U.S. venture capital firms to strengthen collaboration and increase investment in South Korea, while pledging to create the world's most attractive environment for investment and entrepreneurship. He stated that South Korea will reform its visa system to better attract overseas entrepreneurial talent and lay the foundation for establishing a cooperative framework among domestic and international companies, research institutions, and investors. He further promised to support South Korean startups in growing into globally competitive enterprises by connecting privately and government-managed funds.