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
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.
here for the event program; contact
for more information.
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,