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Seoul, December 4, 2017—
IFC, a member of the World Bank Group, has announced that it will host the second IFC Innovation Day in Seoul on December 12. The event will bring together experienced Korean and international venture capitalists to share insights on opportunities in emerging markets, especially in Southeast Asia, for Korean startups and funds.
IFC is the largest global development institution focused on the private sector in emerging markets and a leader in spurring disruptive technologies for development. IFC provides early-stage and late-stage venture capital financing through direct investments and funds. Since early 2000, IFC has invested over $1 billion in 90 venture investments. Among them, IFC has supported over 30 fintech companies and 30 venture capital funds worldwide.
“Emerging markets are essential for Korea’s plans to embrace the Fourth Industrial Revolution because they offer new customers and markets. But, Korean entrepreneurs and investors need local knowledge and financial support to seize opportunities out there.
One of the themes at this event will be connecting Korea’s technology with the Southeast Asian market that comprises more than 500 million consumers,” said Joon Park, IFC Resident Representative in Korea. “IFC is working to bridge the gap by building a platform for Korean partners to regularly connect with seasoned venture capitalists who have worked in emerging markets.”
Giri Jadeja, IFC Global Head for Financial Innovation, will open the workshop while Pravan Malhotra, IFC Asia VC Head, will have a
fireside chat with Amit Anand, Founder of Singapore-based Jungle Ventures. The workshop will also feature speakers from Access Ventures, Korean Investment Ventures, Havit, InterVest, Softbank Korea, Sema Translink Investment, The Yozma Group, and the World Bank.
IFC launched the Innovation Day series in April this year.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In FY17, we delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. For more information, visit
www.ifc.org
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