From left: Dong-yeon Kim, Governor of Gyeonggi-do, and Wonhoi Kim, CEO of Brain Ventures. | Photo courtesy of Brain Ventures
Brain Ventures (CEO Wonhoi Kim), a venture specializing in artificial intelligence and natural language processing, recently participated in the 2024 United Korean Founders NYC Start-up Summit (2024 UKF NYC Start-up Summit) held in New York.
The event, organized by Gyeonggi-do and the Gyeonggi-do Business & Science Accelerator (GBSA), aimed to help Gyeonggi-do ventures and startups connect with local investors in the U.S. and explore funding opportunities.
The summit was hosted in collaboration with United Korean Founders (UKF), a nonprofit organization that supports the growth of Korean entrepreneurs in the Americas and fosters the startup ecosystem. Kiha Lee, Founding Partner of Primer Sazze, and Saeju Jeong, Executive Chairman of global healthcare company Noom, co-founded UKF.
Based in Pangyo Startup Campus, Brain Ventures offers diverse AI-powered services, including automated webtoon OCR, AI multilingual translation, video content auto-translation, AI subjective scoring, and product review analysis.
Wonhoi Kim, CEO of Brain Ventures, stated, “Through this summit, we strengthened communication and networking with international investors while exploring opportunities to apply and collaborate on new technologies. This experience is expected to impact our growth positively. We are thrilled to have laid the groundwork for further investment and partnerships through this valuable opportunity in New York.”
Pangyo Techno Valley is a global integrated R&D hub focused on IT, BT, CT, and NT, integrating Research (R), People (P), Information (I), and Trade (T). As Gyeonggi-do’s representative innovation cluster, Pangyo Techno Valley was established to secure national new growth drivers such as technological innovation, human resource development, job creation, and enhancing international business competitiveness. As of 2023, 1,666 companies employ 78,751 people, and it has positioned itself as the most innovative hub in South Korea, with sales amounting to 167.7 trillion KRW (125.5 billion USD).
Furthermore, the Techno Valley Innovation Division of the Gyeonggi-do Business & Science Accelerator (GBSA) holds monthly events such as the Pangyo Evening Meet-Up, Pan-Pan Day, and the Pangyo Startup Investment Exchange “In-Best Pangyo” to maximize the value of Pangyo Techno Valley. They also support the Pangyo Overseas Promotion Program, which publicizes information about Pangyo’s companies, products, and services to domestic and foreign investors and the media, thereby facilitating foreign investment.
