When a South Korean technology entrepreneur wanted to recruit computer programmers working in Seoul, he didn't load up on perks like a masseuse, sleeping pods or beer kegs. The most tantalizing benefit his start-up AKAStudy offered Koreans: a job in Los Angeles.
Populated with the largest Korean-heritage community outside North and South Korea, Los Angeles is a natural U.S. beachhead for Korean companies and entrepreneurs. But until recently, Koreans — like other Asians — preferred to open their outposts in Silicon Valley, close to storied companies such as Google, Intel and Apple.
Now, with support from the South Korean government and venture capitalists on both sides of the Pacific, Los Angeles is emerging as a corner in a tech triangle connecting Seoul to Silicon Valley to Silicon Beach.
The number of U.S.-based investments in Korean companies doubled from 2012 to 2014 and the sum rose from $8 million to nearly $600 million, according to venture capital data tracking firm PitchBook. In part, that's because there are more start-ups in South Korea than the country's venture capital industry is equipped to handle.
http://touch.latimes.com/#section/-1/article/p2p-83499679/
Populated with the largest Korean-heritage community outside North and South Korea, Los Angeles is a natural U.S. beachhead for Korean companies and entrepreneurs. But until recently, Koreans — like other Asians — preferred to open their outposts in Silicon Valley, close to storied companies such as Google, Intel and Apple.
Now, with support from the South Korean government and venture capitalists on both sides of the Pacific, Los Angeles is emerging as a corner in a tech triangle connecting Seoul to Silicon Valley to Silicon Beach.
The number of U.S.-based investments in Korean companies doubled from 2012 to 2014 and the sum rose from $8 million to nearly $600 million, according to venture capital data tracking firm PitchBook. In part, that's because there are more start-ups in South Korea than the country's venture capital industry is equipped to handle.
http://touch.latimes.com/#section/-1/article/p2p-83499679/
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