According to Korean media Chosun Biz, the American venture capital firm Andreessen Horowitz (a16z), which manages approximately $100 billion in assets, announced the official opening of its Seoul office to support its portfolio companies in entering the Korean and Asian markets. The Seoul office will initially focus on the cryptocurrency sector and gradually expand its business scope later.

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LendingRateAnxiety
· 6h ago
Seoul office first focuses on crypto; this move is very a16z — always betting on regulation-friendly + highly liquid nodes
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GateUser-c1cab702
· 7h ago
100 billion dollars worth of risk control entry, local Korean VCs are under great pressure.
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DaoBackbencher
· 7h ago
a16z has finally arrived in Seoul, and the arms race in Asia's crypto market is getting more and more lively.
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