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Promising ICT Companies of Korea to Advance into Global 5G Market (Sep 26)

- MSIT to successfully hold K-Global@Silicon Valley 2019

- 1,680 attendees at the event, USD 16O million in Export Counselling

The Ministry of Science and ICT announced the successful hosting of “K-Global@Silicon Valley 2019” held in Computer History Museum, Silicon Valley, the U.S. for two days, from 23 to 24 September in an effort to support promising ICT SMEs and venture companies of Korea to advance into the U.S. market.

K-Global@Silicon Valley is the event to support ICT startups and venture companies to go global through ICT forum, exhibition and export consultation meeting, investor relations(IR), operation of high-tech pavilion etc.

K-Global@Silicon Valley is held for the eighth year this year since the first hosting in 2012. It provides support to participating companies to attract foreign investment and pioneer markets in partnership with KOTRA and NIPA. K-Global@China will be held in Beijing in November after the hosting of K-Global@Silicon Valley.

It was held under the theme of “Future on 5G” in celebrating the world’s first launch of commercial 5G service in 2019 and around 1,680 attendees from businesses, buyers, venture capitals and general public came to the event.

In the ICT forum which marks the opening of the event, Park Jin-Hyo, Chief Technology Officer (CTO) of SK Telecom and Jonathan Davidson, Senior Vice President at Cisco Service Provider Networking delivered keynote speech as experts on the front lines of 5G.

In the forum consisting of three sessions*, senior executives of global enterprises such as NVIDIA, AT&T, British Telecom and KT as well as Professor Dennis Hong from UCLA took part as panelists leading debates on recent trends of 5G technology and how to respond to such changes.

* 5G Chip & Infrastructure, 5G Application, 5G Future Technology

In the exhibition and export consultation meeting that 33 SMEs and venture companies in the fields of 5G applications such as 5G equipments, cyber security, autonomous driving, VR/AR, IoT and robots, promising global IT companies including Google, Facebook, HP and BYTON took part as global investors.

Investors of global companies which KOTRA made a list beforehand by looking into demand or those who visited the event venue without prior notice matched up with Korean startups. This has led to a remarkable achievement of a total of 424 export consultations worth 160 million dollars.

Meanwhile, startup investor relations where startups promote their core technologies and services to investors from Silicon Valley were held. After “K-Pitch” (domestic startup contest) where 15 Korean companies took part, “International Pitch” (international startup contest) was held where 11 startups competed.

In K-Pitch, accelerators from Silicon Valley and venture capitals attended as judges and “N.THING” which demonstrated date-based farm technology and smart farm won the first prize.

In International Pitch, “APOSTERA” from Germany which impressed the jury with data and sensor-based real time driving platform technologies had the honor of winning the competition.

This year’s K-Global@Silicon Valley 2019 set up 5G tech pavilion and 5G experience zone in the event venue for the first time since the hosting of the event and this has contributed to promoting cutting-edge technology of domestic SMEs and venture companies such as 4D replay and PhysioCue.

Vice Minister Min Wonki of Science and ICT said, “I hope innovative startups of Korea can continue to grow by taking the opportunity of K-Global@Silicon Valley, just like success stories of Google and Facebook in Silicon Valley.”

Vice Minister added, “more efficient network for advancing into overseas market will be established by using local hubs such as KIC(Korea Innovation Center)-Silicon Valley and efforts will be made to create new business opportunities.”

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