Gyeonggi Province and UKF Sign MOU to Back Korean Startups Globally
The Gyeonggi Centre for Economic Promotion (GBSA) signed a strategic MOU with United Korean Founders (UKF) in New York to support 22 Gyeonggi-based startups — including RnPT — in their pursuit of global growth and US market entry.
Overview
The Gyeonggi Centre for Economic Promotion (GBSA) signed a strategic MOU with United Korean Founders (UKF) on October 17, 2024, at the W New York Times Square building in New York City. The agreement is designed to support 22 Gyeonggi-based startups — including RnPT — in building the networks, investor relationships, and operational foundations needed for successful global expansion.
The signing ceremony was attended by Gyeonggi Governor Kim Dong-yeon, GBSA President Kang Sung-cheon, and UKF Co-Founders Ki-ha Lee and Se-joo Jeong.
About UKF
United Korean Founders (UKF) is a nonprofit organization established to support the growth of Korean-American entrepreneurs and foster a thriving startup ecosystem across North America. UKF was co-founded by:
- Ki-ha Lee — CEO of Primer Sazze Partners, Silicon Valley
- Se-joo Jeong — Chairman of global health company Noom, New York
The MOU establishes a framework for mutual support between the Gyeonggi startup ecosystem and the US-based Korean entrepreneurial community.
What the MOU Covers
The agreement supports cross-border startup growth between Gyeonggi Province and the North American market, with a focus on:
- Connecting Gyeonggi-based startups with US investors and venture networks
- Providing IR coaching, one-on-one investor consultations, and pitch opportunities
- Facilitating participation in UKF-organized global startup events
- Supporting follow-on investment connections for high-potential ventures
RnPT's Participation
RnPT was among the 22 Gyeonggi-based startups selected to participate in the program. Through this initiative, RnPT presented its AI-powered international patient access platform KRACE at the 2024 NYC Startup Summit — engaging directly with US-based venture capital firms and exploring concrete collaboration frameworks for its North American expansion.
About Pangyo Technovalley
RnPT is headquartered at Pangyo Technovalley, a global R&D hub integrating Research, People, Information, and Trade across IT, BT, CT, and NT sectors. As of 2023, the cluster is home to 1,666 companies employing 78,751 people, generating 167.7 trillion KRW in annual revenue — Korea's most innovative business district.