Korea Information and Communication Promotion Association partners with Korea Technology Venture Foundation's Tokyo office to support Korean ICT companies' expansion into Japan = Korea

On the 27th, the Korea Information and Telecommunications Promotion Association (KAIT) signed a memorandum of understanding (MOU) with the Tokyo office of the Korea Technology Venture Foundation for Korean information and communication technology (ICT) companies to expand into Japan.
announced. Until now, Japan has not been a leader in the field of dissemination and utilization of ICT technology, but the COVID-19 virus has made it difficult for Japan to lead the way in digital transformation through ICT.
(DX) needs are increasing. According to the “Japanese Startup Investment Market Trends” report released by the Korea Trade and Investment Promotion Corporation (KOTRA) in September 2022, Japan will
In five years, the scale of investment in ICT startups is expected to reach 10 trillion yen, 10 times the current amount. KAIT is a Korean metaverse, artificial intelligence (AI) large-scale language model, etc.
The company plans to provide support in various ways to help Korean ICT companies with technological capabilities in these fields expand into Japan. This MOU is part of KAIT's overseas expansion project, and is a part of KAIT's expansion into Japan.
The agreement was signed in order to build a cooperative system. Lee Chang-hee, executive vice president of KAIT, said, ``Japan is geopolitically close to South Korea and is socially and institutionally stable.Japan's ICT field is undergoing many changes.
It is the perfect place to expand overseas, where innovation and opportunity coexist, and through the Korea Technology Venture Foundation's excellent network, it will be able to create synergy with KAIT's overseas expansion projects.
"Yes," he expressed his expectations.