WASHINGTON, D.C. – Last week at COMEUP 25, Korea Startup Forum (KSF) and ACT | The App Association (ACT) signed a Memorandum of Understanding expanding their partnership and the ties that bind together the global startup and small tech community.

“This partnership with ACT represents a meaningful opportunity for more than 2,500 Korea Startup Forum member companies to directly engage with the global policy environment and the international startup community,” said Josh Jiyoung Choi, COO of Korea Startup Forum. “Through this collaboration, we will continue to strengthen global partnerships so that Korean startups can amplify their voices beyond borders and achieve sustainable growth in the global market.”

“Startups and small tech companies are the engines that drive the global app economy” said Morgan Reed, president of ACT | The App Association. “ACT is excited to welcome KSF affiliated companies to our global community and look forward to supporting them with education, advocacy, and collaboration opportunities. Together innovative companies and technology are creating jobs, growing economies, and improving the everyday lives of consumers.”

Under the terms of the partnership, KSF and ACT will:

  • Develop small technology business alignment in policy, advocacy, and business promotion in the digital economy, both in Korea and internationally, continuing to build a more open and startup friendly global digital economy
  • Collaborate on joint engagements with policymakers and small technology companies to advocate for a policy environment that rewards innovation and risk-taking
  • Forster relationships between KSF affiliated companies and ACT member companies across the globe

Additionally, KSF’s 2,500+ affiliated companies will have the opportunity to join ACT’s global startup and SME community granting them access to valuable updates on the global policy environment, opportunities to engage with peers from other countries, and influence the international rules that will share the future of the digital economy.