SAN FRANCISCO, CA--(Marketwired - December 12, 2016) - Keiretsu Forum announces Seoul, Korea as the newest chapter in its global network.
"Seoul offers tremendous opportunity for entrepreneurs to expand their markets, with channel partners and customers in Korea and the US," says Namho Chung, Keiretsu Forum Seoul Chapter President. "Our new chapter will offer startups across South Korea access to a vibrant local angel community and the opportunity to be part of a well-recognized, international platform for investment."
Chung says says Seoul is the world's most wired city and it was ranked first in technology readiness by PwC's Cities of Opportunity report. Seoul is home to over half of all South Koreans and almost 700,000 international residents.
Situated on the Han River, Seoul's history stretches back more than two thousand years. The city was founded in 18 BCE by Baekje, as one of the Three Kingdoms of Korea.
Today, Seoul is considered a leading and rising global city, resulting from the economic boom called the Miracle on the Han River that transformed it to the world's 4th largest metropolitan economy after Tokyo, New York City, and Los Angeles. In 2015, Seoul was rated Asia's most livable city with the second highest quality globally.
"As a global leading technology hub, the Seoul Capital Area boasts 15 Fortune Global 500 companies such as Samsung, the world's largest technology company, LG (formerly Lucky-Goldstar), and Hyundai-Kia," said Randy Williams, Keiretsu Forum Founder/CEO. "Seoul is ranked 6th in the Global Power City Index, and Global Financial Centers Index. The city exerts a major influence in global affairs as one of the 5 leading hosts of global conferences."
"We look forward to welcoming both investors and entrepreneurs from the Republic of South Korea to our global network," said Williams.
Over the past 16 years, Keiretsu Forum members have invested over $800,000,000 in 810 companies using its chapter and funding syndication model. Funded in 2000 by Randy Williams, Keiretsu Forum today has 47 chapters in 30 cities and 2600 accredited investor members. Keiretsu Forum members provide early-stage capital in the range of $250k-$2million to high quality, diverse investment opportunities. The chapters collaborate on Due Diligence but each member makes his/her own investment decisions in the presenting companies.