Korean Job Discussion Forums

[ddrombo]

Hello, I'm just curious to see how many here own/run businesses here in Korea.

More specifically, I'm wondering about how/where you found funding? Are there places where it's easier for foreigners to apply?

Thanks!

[KimchiNinja]

[ddrombo]

I should clarify. The business has already been registered under my name and we already have received a round of funding through VC firms in the United States. However, my question is for people that have gone through Korean companies/banks in order to find financing.

I have worked here for a year under LG before taking over this company and was just inquiring to see what was available to our company.

Thanks for the link!!

[KimchiNinja]

Oh, you already know what you are doing.

Without knowing the details; I would probably show some sort of progress has been made on the first round of VC funding, because they will ask (and want to see numbers). Then put together a slide deck, buy a fancy suit, and go pitch to the various banks (and tech companies if this is something that might interest them), offering them equity or debt or some hybrid structure.

Having done this, I can say Koreans are quite conservative. They don't seem willing to take big risks, and want lots of protections in place should things not go as planned. But if one influential investor comes in, others are more likely to come in as well (word travels fast).