Japan’s Global Brain expands to Korea, notable angel investor joins as chief rep



See the original story in Japanese.

This is part of our coverage of Global Brain Alliance Forum 2014.

Tokyo-based startup VC firm Global Brain is holding an annual showcase conference called Global Brain Alliance Forum in Tokyo today.

The company announced at the event today that it will open a regional office in Seoul, Korea, in January 2015, as part of their intensified investment effort in Asia. Chester Jungseok Roh, a prominent angel investor in Korea as well as CSO of Korean startup 5Rocks, will be appointed as chief representative for the Seoul office. Roh has invested in notable Korean startups such as TicketMonster, PaprikaLab, Dialoid, Shakr Media, Noom, and Memebox, as well as having exited his own four startups via IPO and M&A with Google. He is also a co-founder of Korean incubator Fast Track Asia.

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According to Global Brain CEO Yasuhiko Yurimoto, there are many investment opportunities coming to Roh from promising startups in Korea. The company plans to strengthen investment in Korea in partnership with Korea’s governmental business promotion company KOTRA, as well as local incubators.

Global Brain also announced that it will relocate its office to Shibuya, a startup hub in Japan. They will lease an entire building and focus on cultivating the startup community by deploying EIR (Entrepreneurs in Residence) activities.