Kim Byeong-hwan, the Chairperson of the Financial Services Commission, will visit the United States to meet with top executives from Blackstone and Morgan Stanley Capital International (MSCI). During his trip, the Chairperson plans to promote the Korean financial authorities' efforts to improve foreign access and encourage investments in Korean corporations by U.S. capital.
The Financial Services Commission announced on the 17th that Chairperson Kim will be on a business trip to the United States from the 20th to the 26th. The main goal of this trip is to support overseas funding for Korean startups and venture corporations and to strengthen the venture capital supply function of our financial sector.
Chairperson Kim will attend a meeting with the bio venture capital (VC) industry in Boston on the 21st. On that day, Chairperson Kim plans to examine the local venture investment structure and system and explore ways to support the overseas expansion of domestic corporations.
On the 22nd, a meeting with executives from Blackstone and MSCI will take place. Blackstone is one of the world's largest alternative investment firms. Chairperson Kim explains the government's efforts to improve capital market accessibility, including the recent resumption of short selling and the abolition of the foreign investor registration system.
On the 23rd, Chairperson Kim will attend the Industrial Bank of Korea's Next Round event in Silicon Valley. Following this, on the 24th, he is scheduled to meet with executives from Intel Capital, one of the world's largest corporate VCs, and attend a meeting for the U.S.-Korea venture investment industry.