Korea's K-Tech Demo Day Held in New York to Boost U.S. Market Entry for SMEs

The Korea SMEs and Startups Agency is enhancing financial support for small and medium-sized enterprises (SMEs) entering the U.S. market.

On June 2, the agency held the "K-Tech Demo Day" in Manhattan, New York, showcasing 12 domestic tech service SMEs. The event attracted over 200 attendees, including representatives from global venture capital firms and investment banks such as Third Prime and JPMorgan Chase, as well as officials from the New York City Economic Development Corporation, the New Jersey Economic Development Authority, and the Brooklyn Chamber of Commerce.

The morning session featured investment presentations (IR pitching) from the 12 startups, along with one-on-one investment consultations. The afternoon included discussions on local government support policies for businesses, financial support programs from local banks, strategies for attracting U.S. venture capital investment, and a panel discussion featuring Korean entrepreneurs in the K-beauty, food, and tech sectors.

Earlier this year, in January, the agency opened the "K-Startup Center Silicon Valley" to assist domestic startups in expanding into the U.S. market and increasing exports.

Park Il-cheol, a commercial attaché at the Korean Consulate General in New York, stated in his remarks, "Our overseas missions and local public institutions are working as a united team to actively support the entry of our SMEs into the U.S. market. I will ensure that this event serves as a successful example of our government's support for the global expansion of SMEs through collaborative efforts."

Park Jang-hyuk, the agency's global growth director, emphasized, "This event is focused on providing practical assistance for attracting U.S. venture capital investment for promising domestic tech service SMEs. We will continue to strengthen connections with local investors, banks, and government agencies to expand financial support for domestic companies entering the U.S. market."



* This article has been translated by AI.

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