The Ministry of SMEs and Startups announced on the 7th that it held the "Korea-China Venture Startup Summit" at the Shanghai International Convention Center in China. This event, held in conjunction with President Lee Jae-myung's state visit to China, aimed to strengthen the foundation for cooperation between the two countries' venture startup ecosystems and support Korean startups' expansion into the Chinese market.
The event consisted of a "Dialogue with Korean-Chinese Venture Startups," a "Korea-China Investment Conference," and a "Korea-China Business Meetup." It also featured a product and technology exhibition by promising Korean startups seeking to expand into China. Approximately 400 participants, including government officials from both Korea and China, startups, venture capitalists, and large corporations, attended the event.
The main event, "Dialogue with Korean and Chinese Venture Startups," focused on the theme of "Beyond Connection, Towards Joint Growth," where representatives from leading startups from both countries shared their experiences and discussed future directions for cooperation. Representatives from Chinese neurotech company Brainco, Korean medical AI company Lunit, conversational AI company Maum AI, autonomous drone company CNS, Chinese AI startup Minimax, and China Merchants Bank International (CMBI) participated and presented examples of technological innovation and market cooperation.
The Korea-China Investment Conference, which followed, was attended by approximately 100 key venture capitalists from both countries, including the Minister of SMEs and Startups and the Shanghai Vice Chairman of the China Council for the Promotion of International Trade. The conference featured panel discussions on Asian investment trends, presentations on the Korea-China investment markets, and cooperative initiatives. A signing ceremony for a global fund was also held between Korea Venture Investment Corporation (KVIC) and CMBI. The fund, with a $10 million contribution from Korean mother funds, will bring the total to $25 million. It will support investment in domestic startups and their expansion into China.
The "Korea-China Business Meetup" featured startup investor relations, networking, and business matching programs, fostering practical discussions on cooperation between startups and investors from both countries. This is expected to help Korean companies discover local partners in China and explore joint business opportunities.
In addition, a Korean-Chinese startup exhibition hall was set up at the event venue, where 10 promising domestic startups showcased their innovative technologies and products, and Chinese robotics startup Azibot exhibited its humanoid robot.
Minister of SMEs and Startups Han Seong-sook said, “This summit is an opportunity to concretize the cooperative atmosphere created through summit diplomacy into venture startup and investment cooperation,” and added, “We will continue to provide support so that startups from both countries can grow together and leap into the global market.”
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