MuHyup Hosts '2024 Korea-Japan CVC-Startup Open Innovation Summit'
85 Major CVCs and Startups from Both Countries Participate... Discussing Collaboration in Mobility and More
Major corporations from Korea and Japan gathered to discuss strengthening startup collaboration and promoting investment. Corporate venture capitals (CVCs) from companies such as Samsung, Hyundai Motor, POSCO, and GS disclosed the status of their open innovation and investment programs related to key businesses like mobility and held discussions on cooperation with Japanese companies.
Kim Gohyun, Executive Director of the Korea International Trade Association, is delivering a greeting at the "Korea-Japan Large Corporation CVC-Startup Open Innovation Summit" held in Tokyo, Japan, on December 8 last year. Photo by Korea International Trade Association
The Korea International Trade Association announced on the afternoon of the 14th that it will hold the "2024 Korea-Japan CVC-Startup Open Innovation Summit" in Tokyo, Japan, together with the Japan Economic Federation.
The event will be attended by 15 major Korean companies including Hyundai Motor, LS Electric, CJ ENM, Samsung Venture Investment, POSCO Technology Investment, GS Ventures, Kakao Investment, and IBK Venture Investment, along with 30 startups hoping to enter the Japanese market. On the Japanese side, 25 major companies from sectors such as financial services (Mizuho, SoftBank), mobility (Japan Airlines, Honda, Yamaha), lifestyle (TBS, Shochiku, Nikkei), telecommunications (KDDI, NTT), and manufacturing (Sony, Hitachi, Mitsubishi Chemical), as well as 20 startups, will participate.
At the event, CVCs from both countries will present their open innovation and investment programs focusing on themes such as mobility (Hyundai Motor, Japan Airlines), financial services (IBK Venture Investment, Mizuho Bank), and lifestyle (CJ ENM, TBS). Leading startups from Korea and Japan will introduce their technologies and announce plans for overseas expansion. The Tokyo Metropolitan Government, which manages SushiTech, Japan’s largest startup innovation exhibition, will also introduce "Japanese startup support programs available for Korean companies."
Cho Hyo-seung, CEO of IBK Venture Investment, said, "As a subsidiary of a national policy bank’s venture capital, it is meaningful to participate in an event aimed at globalizing venture companies from both countries," adding, "The event will serve as a catalyst for active cooperation between CVCs and startups from Korea and Japan."
Kim Go-hyun, Executive Director of the Korea International Trade Association, stated, "The event is a great opportunity for CVCs and startups from both countries to share innovative programs and ideas and build practical cooperative relationships," and added, "We hope that exchanges between companies from both countries will continue to be activated and that cross-collaboration through open innovation will be enhanced."
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