PEN Ventures: A skilled startup accelerator for entrepreneurs going global

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Song Myoungsoo, founder and chief executive of PEN Ventures Korea, one of the leading startup accelerators in South Korea, however, says that for a lesser-known company to secure a patron, it must have one more critical trait – a determination to go global.“While some domestic startups have become unicorns by focusing on the Korean market, we don't invest in those firms.

Unlike some organizations like KOTRA, which focuses on specific business areas, we are more focused on supporting startups in the early stages as they attempt to enter the global market.” ▶ How many accelerators are there in Korea? “Around 450.”▶ How long has PEN Ventures been around? “We've been operating for two years and four months.

We primarily support startups in expanding their reach internationally,” he said in a recent interview with the global edition of The Korea Economic Daily.“Our focus is on companies with potential for success in overseas markets.

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Category: Economy

Markets: South KoreaChinaCubaHong KongIndiaIndonesiaSingapore

Topics: Seoul Global Startups Korean Tech Korea Programs Companies Ventures Company Startup

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 13:39:33 (2 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 1001 words

Reading Time: 6 minutes read

Sentences: 39 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 23334923

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