Chinese venture investor and incubator Tribelluga held an opening ceremony for its Korean office on Oct. 16 at the Namsan Grand Hyatt Hotel.
“Business in China is quite tough for non-Chinese companies not accustomed to the country’s culture and business practices,” said Tribelluga founder and president Lili Luo, adding, “A large number of companies have put individual efforts to analyze and understand the Chinese market, but Tribelluga will do this job for them from now on as a provider of business opportunities.”
The incubator’s Korean office is located in Sinsa-dong, Seoul. Start-up companies can be housed in the 900 m2-wide six-storied building for business, rest, and many other purposes.
Its investment in Korea up to this moment is estimated at 100 billion won (US$94 million) at least, although the president did not disclose the specific amount. “Korea is a leader of the global IT industry, and Korean start-ups making a successful debut in China will be able to turn themselves into global players in the near future,” she continued.